One part of South Loop is tighter than the other
South Loop is two ZIP codes, not one market. The Real Estate Data Aggregator counted the three months ending August 31, 2026, and the numbers do not move together. Knowing which side you are on changes your leverage.
Supply: the clearest split
| 60605 | 60616 | |
|---|---|---|
| Months of supply | 2.3 months | 3.9 months |
| Median days on market | 57 days | 61 days |
| Median sale price | $365,000 | $376,500 |
| Sale price as share of list | 101.9% | 100.9% |
| Sold above list price | 52% | 44% |
The Real Estate Data Aggregator put 60605 at 2.3 months of supply. That is lean. Sellers there had fewer homes competing with them. The Real Estate Data Aggregator put 60616 at 3.9 months. That is a more balanced read, closer to a neutral market.
What happened to inventory in each ZIP
The Real Estate Data Aggregator found 60605 inventory fell 33.2% from the same period a year ago. Fewer homes for sale, more buyers chasing them. In 60616, inventory went the other way, up 5.6%. Buyers there had more to choose from.
Prices dipped in both ZIPs
Both ZIP codes saw prices slip a little year over year. That is an honest admission. But the Real Estate Data Aggregator also shows 52% of 60605 homes sold above list price. A dip in the median and a majority of homes closing above list can both be true at once.
Speed: homes going under contract fast
The Real Estate Data Aggregator found that 35.5% of 60605 homes and 37.6% of 60616 homes went under contract within two weeks of listing. Both shares rose from a year ago. Not every home sold fast, but a large share did not wait long.
The wider picture
Realtor.com reported that mortgage rates topped 7% in September 2026. CNBC reported the average 30-year fixed rate reached 7.49% in the week of October 7, 2026. CNBC also reported that purchase applications fell 15% from the same week a year ago. That is the backdrop for every buyer and seller in South Loop right now.
Realtor.com reported a median of 68 days on market across the broader South in September 2026. The Real Estate Data Aggregator put 60605 at 57 days and 60616 at 61 days for the three months ending August 31, 2026. The area-wide number smooths over the difference between the two ZIPs.
- 60605 has 2.3 months of supply and homes selling 11 days faster than a year ago.
- 60616 has 3.9 months of supply and homes taking 5 days longer than a year ago.
- One market-wide number hides that gap.
- Judge your position by your ZIP, not by the South Loop average.
One block can still read differently from its whole ZIP code. The numbers above are the best picture available for the three months ending August 31, 2026, but your street may not match the ZIP.
Your next step
(630) 261-5515Text me your address and I will send back where your South Loop home sits on the supply gap between 60605 and 60616, against what actually sold near you. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 60605 and 60616, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: One in Five Home Sellers Cut Prices as Buyer’s Market Persists, Sep 30, 2026
- Realtor.com: August 2026 Rental Report: Rents Fall for 37th Straight Month as Concessions Give Renters More Leverage, Sep 17, 2026
- CNBC: Refinance demand is now half what it was a year ago, as mortgage rates rise again, Oct 7, 2026