The Near South Side housing market is somewhat competitive. The median sale price of a home in Near South Side was $385K last month, up 6.2% since last year. The median sale price per square foot in Near South Side is $336, up 2.7% since last year.
What is the housing market like in Near South Side today?
In February 2025, Near South Side home prices were up 6.2% compared to last year, selling for a median price of $385K. On average, homes in Near South Side sell after 75 days on the market compared to 107 days last year. There were 103 homes sold in February this year, up from 86 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$385,000
+6.2% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Near South Side, IL
$385,000
+6.2%
United States
To compare other locations to the Near South Side and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chicago add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Near South Side
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Near South Side housing market?
Near South Side is somewhat competitive. Homes sell in 76 days.
0
100
47
Somewhat 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
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 76 days.
Hot homes
can sell for about 4% above list price and go pending in around 37 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 Near South Side housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Near South Side.
Flood Factor - Moderate
26% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Near South Side has a moderate risk of flooding. 282 properties in Near South Side are likely to be
severely affected
by flooding over the next 30 years. This represents 26% of all properties in Near South Side. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Near South Side has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Near South Side is most at risk from hurricanes. 2,556 properties in Near South Side have some risk of being in a severe wind event within the next 30 years.
94% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Near South Side has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 94% of homes in Near South Side have a Moderate Heat Factor®.
Near South Side is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Near South Side is expected to experience 8