The The Loop housing market is somewhat competitive. The median sale price of a home in The Loop was $405K last month, up 8.0% since last year. The median sale price per square foot in The Loop is $365, up 14.1% since last year.
What is the housing market like in The Loop today?
In July 2024, The Loop home prices were up 8.0% compared to last year, selling for a median price of $405K. On average, homes in The Loop sell after 64 days on the market compared to 59 days last year. There were 271 homes sold in July this year, up from 271 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$405,000
+8.0% YoY | Jul 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2024
Growth
% YoY
The Loop, IL
$405,000
+8.0%
United States
To compare other locations to the The Loop 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.
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How hot is the The Loop housing market?
The Loop is somewhat competitive. Homes sell in 72 days.
0
100
42
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 1% below list price and go pending in around 72 days.
Hot homes
can sell for about 3% above list price and go pending in around 45 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 The Loop housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in The Loop.
Flood Factor - Minor
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
The Loop has a minor risk of flooding. 76 properties in The Loop are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in The Loop. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
The Loop has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. The Loop is most at risk from hurricanes. 1,755 properties in The Loop have some risk of being in a severe wind event within the next 30 years.