From July through December of 2017, there were 71 homes sold, with a median sale price of $307,500 - a 8.8% increase over the $282,500 median sale price for the same period of the previous year. There were 80 homes sold in The Loop in the second half of 2016.
The median sales tax in The Loop for 2017 was $1,104. In 2016, the median sales tax was $1,032. This marks an increase of 7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.4%.
The following table compares The Loop to other Chicago neighborhood with similar median sales prices in the second half of 2017: