In May, there were six homes sold, with a median sale price of $428,750 - an 11.8 percent increase over the $383,500 median sale price for the same period of the previous year. There were 97 homes sold in South Loop in May 2021.
The median sales tax in South Loop for the most recent year with available data, 2019, was $4,660, approximately 1.1 percent of the median home sale price for May.
The following table compares South Loop to other Chicago neighborhood with similar median sale prices in May:
| Neighborhood | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Avondale | 5 | 36 | -86.1 | $455,000 | $454,000 | 0.2 |
| Lakeview | 17 | 201 | -91.5 | $450,000 | $480,000 | -6.3 |
| West Loop | 3 | 17 | -82.4 | $444,000 | $314,000 | 41.4 |
| Jefferson Park | 5 | 37 | -86.5 | $437,500 | $360,000 | 21.5 |
| Albany Park | 6 | 72 | -91.7 | $430,250 | $332,500 | 29.4 |
| South Loop | 6 | 97 | -93.8 | $428,750 | $383,500 | 11.8 |
| Norwood Park | 10 | 34 | -70.6 | $413,750 | $387,000 | 6.9 |
| Boystown | 5 | 56 | -91.1 | $410,000 | $249,500 | 64.3 |
| Portage Park | 8 | 81 | -90.1 | $407,500 | $390,000 | 4.5 |
| River North | 5 | 38 | -86.8 | $405,000 | $326,500 | 24 |
| Streeterville | 1 | 16 | -93.8 | $405,000 | $615,000 | -34.1 |
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