Chicago City Wire

The median sale price of a home sold in January 2017 in South Loop, a Chicago neighborhood, fell by $5,000 while total sales decreased by 6.6%, according to BlockShopper.com.

In January 2017, there were 57 homes sold, with a median sale price of $320,000 - a 1.5% decrease over the $325,000 median sale price for the same period of the previous year. There were 61 homes sold in South Loop in January 2016.

The median sales tax in South Loop for 2017 was $3,991. In 2016, the median sales tax was $3,786. 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 1.2%.

The following table compares South Loop to other Chicago neighborhood with similar median sales prices in January 2017:

Neighborhood	Jan. 2017 Home Sales	Jan. 2016 Home Sales	% change (Total Home Sales)	Jan. 2017 Median Sales Price	Jan. 2016 Median Sales Price	% change (Median Sales Price)
Jefferson Park	24	14	71.4%	$336,000	$235,000	43%
Albany Park	32	33	-3%	$328,750	$256,000	28.4%
River North	24	25	-4%	$327,250	$419,000	-21.9%
North Park	11	13	-15.4%	$325,000	$190,000	71.1%
Gold Coast	54	65	-16.9%	$323,750	$379,000	-14.6%
South Loop	57	61	-6.6%	$320,000	$325,000	-1.5%
Norwood Park	27	18	50%	$319,500	$266,250	20%
West Loop	14	10	40%	$313,250	$330,500	-5.2%
Union Ridge	6	4	50%	$312,500	$229,500	36.2%
University Village / Little Italy	11	12	-8.3%	$310,000	$340,000	-8.8%
Mayfair	4	10	-60%	$302,500	$260,000	16.3%