The South Chicago housing market is not very competitive. The median sale price of a home in South Chicago was $190K last month, down 2.6% since last year. The median sale price per square foot in South Chicago is $103, down 11.6% since last year.
What is the housing market like in South Chicago today?
In October 2024, South Chicago home prices were down 2.6% compared to last year, selling for a median price of $190K. On average, homes in South Chicago sell after 73 days on the market compared to 78 days last year. There were 70 homes sold in October this year, up from 55 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$190,000
-2.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
South Chicago, IL
$190,000
-2.6%
United States
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How hot is the South Chicago housing market?
South Chicago is not very competitive. Homes sell in 83.5 days.
0
100
20
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 84 days.
Hot homes
can sell for about 1% above list price and go pending in around 53 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Chicago housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Chicago.
Flood Factor - Minor
61% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Chicago has a minor risk of flooding. 1,897 properties in South Chicago are likely to be
severely affected
by flooding over the next 30 years. This represents 61% of all properties in South Chicago. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
South Chicago has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Chicago is most at risk from hurricanes. 9,399 properties in South Chicago have some risk of being in a severe wind event within the next 30 years.