From January through March of 2017, there were 179 homes sold, with a median sale price of $350,000 - a 13.5% increase over the $308,250 median sale price for the same period of the previous year. There were 194 homes sold in South Loop in the first quarter of 2016.
The median sales tax in South Loop for 2017 was $3,990.71. In 2016, the median sales tax was $3,786.20. This marks an increase of 5.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares South Loop to other Chicago neighborhood with similar median sales prices in the first quarter of 2017:
| Neighborhood | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Avondale | 49 | 47 | 4.3% | $365,000 | $289,500 | 26.1% |
| Near West Side | 63 | 62 | 1.6% | $355,000 | $291,000 | 22% |
| Bridgeport | 77 | 64 | 20.3% | $352,000 | $278,000 | 26.6% |
| River North | 75 | 76 | -1.3% | $350,000 | $401,250 | -12.8% |
| Logan Square | 226 | 199 | 13.6% | $350,000 | $360,000 | -2.8% |
| South Loop | 179 | 194 | -7.7% | $350,000 | $308,250 | 13.5% |
| Pilsen | 27 | 28 | -3.6% | $342,500 | $272,500 | 25.7% |
| Gold Coast | 172 | 178 | -3.4% | $335,000 | $392,500 | -14.6% |
| Edgebrook | 24 | 23 | 4.3% | $330,000 | $395,000 | -16.5% |
| Old Town | 62 | 44 | 40.9% | $327,500 | $323,000 | 1.4% |
| Norwood Park | 75 | 46 | 63% | $318,000 | $266,250 | 19.4% |
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