House Prices

Near West Side Chicago, IL House Prices & Home Values 2026


Average Data

average house price$1,029,563
average size per house1318 ft²
average price per ft²747 $ / ft²

04/15/2026 - The value range (VR) for house prices in Near West Side Chicago, IL is $162/ sqft to $2980/ sqft. An average home with 1318 sqft costs approximately $203,908 to $3,750,897. Chicago, IL includes 2 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60612, while the highest are in ZIP 60607. The average price per sqare feet is $747. Our analysis is based on 21 property listings.

Avergage prices by ZIP codes Near West Side Chicago

606072980 $ / ft²
60612162 $ / ft²




Historical development of home values in Near West Side Chicago

Year Estimated value (USD) Change vs. 2025
2010 $478,148 -53.6%
2011 $459,658 -55.4%
2012 $458,420 -55.5%
2013 $475,555 -53.8%
2014 $499,201 -51.5%
2015 $524,822 -49.0%
2016 $552,211 -46.4%
2017 $582,016 -43.5%
2018 $614,193 -40.3%
2019 $642,672 -37.6%
2020 $675,895 -34.4%
2021 $768,758 -25.3%
2022 $896,199 -13.0%
2023 $945,083 -8.2%
2024 $999,758 -2.9%
2025 $1,029,563 0.0%

Graph: estimated home values in Near West Side Chicago over time (USD)



Example: 100% financing house in Near West Side Chicago

Loan amount: $1,029,563

Interest rate: 5.73%

Fixed monthly payment: $5,995.18

Breakdown in the 1st month:
Interest portion: $4,916.16  –  Principal portion: $1,079.01

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $58,648.44 $13,293.67 $1,016,269.33
2 $57,866.38 $14,075.72 $1,002,193.60
3 $57,038.32 $14,903.79 $987,289.82
4 $56,161.55 $15,780.56 $971,509.26
5 $55,233.19 $16,708.92 $954,800.34
6 $54,250.22 $17,691.89 $937,108.45
7 $53,209.42 $18,732.68 $918,375.77
8 $52,107.40 $19,834.71 $898,541.06
9 $50,940.54 $21,001.57 $877,539.49
10 $49,705.04 $22,237.07 $855,302.42
11 $48,396.85 $23,545.26 $831,757.16
12 $47,011.71 $24,930.40 $806,826.76
13 $45,545.08 $26,397.03 $780,429.73
14 $43,992.16 $27,949.95 $752,479.78
15 $42,347.89 $29,594.21 $722,885.57
16 $40,606.90 $31,335.21 $691,550.35
17 $38,763.47 $33,178.63 $658,371.72
18 $36,811.61 $35,130.50 $623,241.22
19 $34,744.91 $37,197.20 $586,044.02
20 $32,556.64 $39,385.47 $546,658.55
21 $30,239.63 $41,702.48 $504,956.07
22 $27,786.31 $44,155.80 $460,800.27
23 $25,188.67 $46,753.44 $414,046.82
24 $22,438.20 $49,503.90 $364,542.92
25 $19,525.94 $52,416.17 $312,126.75
26 $16,442.34 $55,499.77 $256,626.98
27 $13,177.34 $58,764.76 $197,862.22
28 $9,720.27 $62,221.84 $135,640.38
29 $6,059.82 $65,882.29 $69,758.08
30 $2,184.02 $69,758.08 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Near West Side Chicago, IL


1500 sqft3900 sqft
Ø selling price$1,294,794$2,754,380
Ø fast selling$1,177,086$2,478,942
Ø high price sale$1,412,503$3,029,818

In 2026, houses in Near West Side Chicago, IL will be offered at an average price of $747 per square foot. A 1,500 sqft home priced at $1,294,794 is 21.97% more expensive per square foot than a 3,900 sqft home priced at $2,754,380. Home prices in Near West Side Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,906,879. Sellers who can wait longer may achieve a higher price of up to $2,330,629.


Explore the Near West Side, Chicago, IL

Overview

The Near West Side neighborhood in Chicago, IL is a dynamic area blending historic roots with cutting-edge development. Anchored by the booming West Loop and the Fulton Market District, the area showcases repurposed warehouses, sleek offices, and chef-driven restaurants. Landmarks like the United Center, the University of Illinois at Chicago (UIC), and the Illinois Medical District make the Near West Side a regional hub for sports, education, and healthcare.


Living and Lifestyle

Housing options range from classic greystones and brick lofts to modern luxury apartments and townhomes, appealing to professionals, students, and families. Buyers and renters value its walkable streets, award-winning dining, boutique shopping, and an energetic nightlife that still feels neighborhood-focused. Green spaces such as Union Park and Skinner Park offer playing fields, community events, and summer festivals that draw visitors from across Chicago.


Dining and Culture

Food lovers flock to Michelin-starred restaurants, casual eateries, and artisanal markets, with a strong presence of tech, design, and food startups fueling the local economy. Cultural highlights include murals, galleries, and music venues that celebrate the Near West Side?s diverse heritage and creative identity.


Transportation and Access

Commuters enjoy excellent transportation via CTA Blue and Green Lines, multiple bus routes, Metra access, and quick connections to I-90/94 and I-290. Proximity to the Loop, top employers, and world-class amenities makes the Near West Side one of Chicago?s most sought-after neighborhoods for living, working, and investing.



FAQ – Home Values in Near West Side Chicago

What is the median home value in Near West Side Chicago in 2026?

In 2026, the typical home value in Near West Side Chicago is about $1,029,563 for an average home size of 1318 square feet. This corresponds to an average price of roughly $747 per square foot.

What is the average cost per square foot in Near West Side Chicago?

In 2026, homes in Near West Side Chicago sell for an average of around $747 per square foot, with a typical range between $162 and $2980 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Near West Side?

The average home size in Near West Side Chicago is about 1318 square feet, with an estimated 2026 value around $1,029,563.



Neighborhoods close to Near West Side Chicago, IL

Chicago Lawn Chicago, IL187 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
South Loop Chicago, IL377 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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