The South Chicago housing market is not very competitive. The median sale price of a home in South Chicago was $108K last month, down 31.4% since last year. The median sale price per square foot in South Chicago is $71, down 31.1% since last year.
What is the housing market like in South Chicago today?
In March 2024, South Chicago home prices were down 31.4% compared to last year, selling for a median price of $108K. On average, homes in South Chicago sell after 82 days on the market compared to 75 days last year. There were 42 homes sold in March this year, down from 46 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$108,000
-31.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Chicago, IL
$108,000
-31.4%
United States
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How hot is the South Chicago housing market?
South Chicago is not very competitive. Homes sell in 100.5 days.
0
100
18
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 101 days.
Hot homes
can sell for about 4% above list price and go pending in around 42 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Chicago housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Chicago.
Risk Factor
Flood Factor - Moderate
62% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Chicago has a moderate risk of flooding. 1,924 properties in South Chicago are likely to be
severely affected
by flooding over the next 30 years. This represents 62% of all properties in South Chicago. Flood risk is increasing slower than the national average.
South Chicago has minimal risk of severe winds over the next 30 years
Wind Factor
South Chicago has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.