In February 2017, there were 49 homes sold, with a median sale price of $380,000 - a 20.6% increase over the $315,000 median sale price for the same period of the previous year. There were 54 homes sold in South Loop in February 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 1.1%.
The following table compares South Loop to other Chicago neighborhood with similar median sales prices in February 2017:
| Neighborhood | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Near North | 18 | 20 | -10% | $417,500 | $452,500 | -7.7% |
| North Center | 14 | 12 | 16.7% | $417,000 | $490,000 | -14.9% |
| Ravenswood | 15 | 9 | 66.7% | $415,000 | $304,000 | 36.5% |
| Bucktown | 23 | 23 | 0% | $399,000 | $514,000 | -22.4% |
| Sauganash | 4 | 6 | -33.3% | $396,250 | $292,250 | 35.6% |
| South Loop | 49 | 54 | -9.3% | $380,000 | $315,000 | 20.6% |
| Lakeview | 64 | 55 | 16.4% | $375,500 | $390,000 | -3.7% |
| Forest Glen | 1 | 2 | -50% | $372,000 | $379,500 | -2% |
| River North | 26 | 22 | 18.2% | $371,750 | $349,000 | 6.5% |
| Streeterville | 8 | 2 | 300% | $356,500 | $945,000 | -62.3% |
| Logan Square | 51 | 50 | 2% | $349,000 | $365,000 | -4.4% |
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