The Near South Side housing market is somewhat competitive. The median sale price of a home in Near South Side was $363K last month, up 2.1% since last year. The median sale price per square foot in Near South Side is $363, up 12.4% since last year.
What is the housing market like in Near South Side today?
In February 2024, Near South Side home prices were up 2.1% compared to last year, selling for a median price of $363K. On average, homes in Near South Side sell after 107 days on the market compared to 122 days last year. There were 86 homes sold in February this year, up from 83 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$362,500
+2.1% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Near South Side, IL
$362,500
+2.1%
United States
To compare other locations to the Near South Side and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chicago add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Near South Side housing market?
Near South Side is somewhat competitive. Homes sell in 123 days.
0
100
46
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 2% above list price and go pending in around 123 days.
Hot homes
can sell for about 6% above list price and go pending in around 68 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Haines Elementary School
Public • PreK-8
682
Students
5 reviews
7/10
South Loop Elementary School
Public • PreK-8
796
Students
40 reviews
6/10
National Teachers Elementary Academy
Public • PreK-8
734
Students
36 reviews
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 Near South Side housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Near South Side.
Risk Factor
Flood Factor - Minor
29% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Near South Side has a minor risk of flooding. 296 properties in Near South Side are likely to be
severely affected
by flooding over the next 30 years. This represents 29% of all properties in Near South Side. Flood risk is increasing slower than the national average.
Near South Side has minimal risk of severe winds over the next 30 years
Wind Factor
Near South Side has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
93% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Near South Side has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 93% of homes in Near South Side have a Moderate Heat Factor®.
Near South Side is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Near South Side is expected to experience 8