South Loop home prices rise in March 2017
In March 2017, there were 73 homes sold, with a median sale price of $345,000 - a 18.8% increase over the $290,500 median sale price for the same period of the previous year. There were 79 homes sold in South Loop in March 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 March 2017: