There were 114 condo sales in Chicago's South Loop,
(zip codes 60605 and 60616), during March 2016.
The average sales price was $360, 724 and on average
sold at 100% of asking price. The average market time was 104 days.
At the end of March 2016, there was a 3.1 month supply of condos on the market in the South Loop.
That remains virtually unchanged from the same time last year. March 2015 ended with a 3.4 month supply of condos on the market.
Buyer interest in South Loop condominiums remains strong. Top reasons include proximity to downtown, a care-free and “car” free lifestyle and an abundance of nearby shopping, dining and recreation spots.
Data in this market snapshot is derived from our local Multiple Listing Service, Midwest Real Estate Data,(MRED). This report may not include all sales condo sales in Chicago's South Loop neighborhood.