The South Loop housing market is somewhat competitive. The median sale price of a home in South Loop was $375K last month, up 7.9% since last year. The median sale price per square foot in South Loop is $322, up 10.3% since last year.
What is the housing market like in South Loop today?
In February 2025, South Loop home prices were up 7.9% compared to last year, selling for a median price of $375K. On average, homes in South Loop sell after 83 days on the market compared to 106 days last year. There were 161 homes sold in February this year, up from 142 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$375,000
+7.9% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
South Loop, IL
$375,000
+7.9%
United States
To compare other locations to the South Loop 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.
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How hot is the South Loop housing market?
South Loop is somewhat competitive. Homes sell in 81 days.
0
100
46
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 81 days.
Hot homes
can sell for about 4% above list price and go pending in around 41 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
South Loop, IL
100.1%
-0.17 pt
United States
Home offer insights for South Loop
Explore recent offers and recently sold homes in South Loop
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$275K Offer
Sold for $300K
2bd | 2ba | —sqft
Under List Price
11%
Days on Market
318
Competing Offers
0
Down Payment
<10%
Niko Voutsinas
South Loop Redfin Agent
The REO team managing this South Loop foreclosure did not seem realistic about the subject property's current fair market value, especially given its condition and time vacant, so we passed. …
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 Loop housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Loop.
Flood Factor - Moderate
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Loop has a moderate risk of flooding. 36 properties in South Loop are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in South Loop. Flood risk is increasing slower than the national average.
92% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Loop has a moderate risk of wildfire. There are 393 properties in South Loop that have some risk of being affected by wildfire over the next 30 years. This represents 92% of all properties in South Loop.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
South Loop has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Loop is most at risk from tornadoes. 424 properties in South Loop have some risk of being in a severe wind event within the next 30 years.