West Loop home prices fall in January 2017
In January 2017, there were 14 homes sold, with a median sale price of $313,250 - a 5.2% decrease over the $330,500 median sale price for the same period of the previous year. There were 10 homes sold in West Loop in January 2016.
The median sales tax in West Loop for 2017 was $4,692. In 2016, the median sales tax was $4,409. This marks an increase of 6.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.
The following table compares West Loop to other Chicago neighborhood with similar median sales prices in January 2017: