West Loop is a neighborhood in the Near West Side area of Chicago. The West Loop lies along the western bank of the Chicago River and is bordered by Grand Avenue on the north, Ashland Avenue on the west and the Eisenhower Expressway on the south. The West Loop is home to many popular Chicago Restaurants. It is a former manufacturing and warehousing area and many of the buildings have been converted to loft condominiums, restaurants, bars and art galleries.
West Loop currently has 1 single family home for sale with a list price of $449,000 and 78 condos for sale with an average list price of $654,375.49. The average annual property tax for West Loop is $8,936.84.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in West Loop, i.e. what's hot and what's not. See What's Hot & What's Not in West Loop
West Loop home sales for the month of February stayed the same in volume when compared to last year, while the median sale price decreased by 5.3% from $567,500 to $537,500. Condo sales stayed the same, while the median sale price decreased by 5.3% from $567,500 to $537,500.
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# of sales per year |
$450,000
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$440,000
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median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.