April 2021: South Loop experienced a 3.4% drop in median home prices

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The median sale price of a home sold in April 2021 in South Loop, a Chicago neighborhood, fell by $11,500 while total sales increased by 146.2%, according to BlockShopper.com.

In April 2021, there were 96 homes sold, with a median sale price of $330,500 - a 3.4% decrease over the $342,000 median sale price for the same period of the previous year. There were 39 homes sold in South Loop in April 2020.

The median sales tax in South Loop for the most recent year with available data, 2019, was $4,660, approximately 1.4% of the median home sale price for April 2021.

The following table compares South Loop to other Chicago neighborhood with similar median sale prices in April 2021:

NeighborhoodApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Norwood Park4622109.1%$338,750$331,5002.2%
Edison Park289211.1%$336,500$330,0002%
Canaryville/Fuller Park6450%$334,750$169,50097.5%
Archer Heights73133.3%$334,000$239,00039.7%
Lakeview 34198248%$332,500$488,500-31.9%
South Loop 9639146.2%$330,500$342,000-3.4%
Big Oaks154275%$330,000$302,0009.3%
The Loop2010100%$322,500$317,5001.6%

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