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Sarah Mitchell
Compass Real Estate · ZIP 60173
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60173 ZIP Code Housing Market
$380,000median sale price
What is the 60173 housing market like right now?
The median home sale price in ZIP code 60173 is $380,000, down 6.2% year-over-year. Homes sell in an average of 43 days with 40 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 60173 ZIP code a buyer's or seller's market?
ZIP code 60173 is currently a balanced market and homes selling in about 43 days. How we determine this →
What are the latest 60173 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $380,000 |
| Median list price | $397,400 |
| Year-over-year price change | -6.2% |
| Average days on market | 43 days |
| Active inventory | 40 listings |
| Sale-to-list price ratio | 99.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 60173 zip code, located in Schaumburg, IL, is currently classified as a balanced market. The median sale price stands at $380,000, representing a -6.2% change year over year. Homes in this area spend an average of 43 days on the market before going under contract. There are currently 40 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 60173 sits in the Schaumburg, IL area, roughly 2.1 miles from downtown Schaumburg. Because home prices are set street by street, this ZIP can move differently from Schaumburg's citywide averages. The figures below reflect 60173 specifically — drawn from Redfin transactions, U.S. Census data for its 13,650 residents, and Zillow value estimates.
Homes sold
27
Last 12 weeks
Days on market
43
Average pace
Active listings
40
Sale-to-list
99.5%
Below asking
What is driving the 60173 housing market?
The 60173 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 60173 have declined -6.2% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 60173 stands at $378,728, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,080 per month. This gives a price-to-rent ratio of approximately 15.2, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 60173?
Population
13,650
Median income
$104,390/yr
Median age
35.5 years
Owner-occupied
33.4%
College grads
65.4%
Avg commute
21.11 min
What is it like living in 60173?
Zip code 60173 is home to approximately 13,650 residents. The median household income is $104,390 per year, which shapes the types of homes and amenities available in the area. With a median age of 35.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 33.4% of housing units are owner-occupied, reflecting a predominantly renter-occupied area that may appeal to investors looking for rental income opportunities.
About 65.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 21.11 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 60173.
Frequently asked questions about 60173
What is the median home price in 60173?
The current median sale price in 60173 is $380,000, based on recent Redfin transaction data. Prices have changed -6.2% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 60173 a buyer's or seller's market?
The 60173 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 60173?
Zip code 60173 has a population of approximately 13,650 residents. The median household income is $104,390 per year. About 33.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 60173?
Properties Incorporated provides comprehensive data for 60173 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 60173 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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