Home Values

The Loop Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$221,900

  • 7.1% 1-year change
  • 1.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in The Loop is $221,900. The Loop home values have gone up 7.1% over the past year and Zillow predicts they will rise 1.3% within the next year. The median price of homes currently listed in The Loop is $439,900 while the median price of homes that sold is $309,231. The median rent price in The Loop is $2,250, which is higher than the Chicago median of $1,600.

Relative ZHVI
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The Loop Market Overview

Data through Aug 31, 2014
  • $221,900 ZHVI
  • 1.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $439,900 Median listing price
  • $309,231 Median sale price
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The Loop Market Health

Data through Aug 31, 2014
  • 4.7/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)
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Nearby Neighborhoods

Name Median ZHVI
Near East Side $392,700
Streeterville $331,600
Gold Coast $315,800
Name Median ZHVI
River North $259,600
Near North $252,100
Printers Row $250,700
Name Median ZHVI
Fulton River District $236,000
West Loop Gate $232,900
Greektown $232,700

Listings & Sales

Data through Aug 31, 2014
  • $358 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 37.3% Listings with price cut
28.0%
Sold below listing
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The Loop Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,142 The Loop
    $1,701 Chicago
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,250 Rent list price
  • $2.74 Rent list price / sq ft
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