The South Chicago neighborhood real estate market vary depending on a number of factors, such as location, property type, and market conditions.

According to recent data, the median home value in South Chicago is around $97,000, which is lower than the median home value in Chicago as a whole. However, some areas within South Chicago may have higher or lower home values.

The South Chicago real estate market has seen some changes in recent years due to the area’s economic development and revitalization efforts. Some parts of South Chicago are experiencing a surge in new construction and renovations of existing properties, which may drive up property values.

If you are interested in investing in South Chicago real estate, it’s important to do your research and work with a knowledgeable real estate agent who has experience working in the area. They can provide you with insights into market trends, property values, and investment opportunities that may be available in the area.

South Chicago Real Estate Market

At the same time, South Chicago dropped their median list price Q1 of 2021, when the price was $135,000 to $178,500. That compares to a .4% increase in prices for the whole of the city of Chicago. That said, it is similar to what happened in other neighborhoods like Englewood and Chatham

Due to the effects of inflation, the total South Chicago sales volume dropped from $10.1 million in Q1 of 2021 to $8.9 million in Q1 of 2023. That was due to a sales volume drop from 68 units in the first quarter of 2021 to 51 units in the first quarter of 2023. 

Contact our South Chicago Real Estate Specialists for More Info on Your Property

In the meantime, if you are in South Chicago and need to sell your home, contact us at 847-710-7093 to set up a free appointment with our team. We come to see your property and make offers on properties in almost any condition.