The South Loop housing market is somewhat competitive. The median sale price of a home in South Loop was $358K last month, up 5.1% since last year. The median sale price per square foot in South Loop is $292, down 5.8% since last year.
What is the housing market like in South Loop today?
In March 2024, South Loop home prices were up 5.1% compared to last year, selling for a median price of $358K. On average, homes in South Loop sell after 105 days on the market compared to 111 days last year. There were 152 homes sold in March this year, down from 181 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$357,500
+5.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Loop, IL
$357,500
+5.1%
United States
To compare other locations to the South 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the South Loop housing market?
South Loop is somewhat competitive. Homes sell in 74 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 1% above list price and go pending in around 74 days.
Hot homes
can sell for about 5% above list price and go pending in around 43 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 South Loop housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Loop.
Risk Factor
Flood Factor - Minimal
We’re working on getting current and accurate flood risk information
Flood Factor
Overall, South Loop has a minimal risk of flooding impacting the community over the next 30 years.