West Loop Market Report
Attached
90-day market data from Chicago MLS — updated February 8, 2026
Source: MRED MLS, 90-day sold data. Updated February 8, 2026.
Example 2.5% commission on the West Loop median of $465K = $11,625. Net Gain's flat fee = $1,995.
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Price Band Breakdown
Where buyers are actually competing in West Loop
| Price Range | Sold | Avg Days | Sale-to-List | Active |
|---|---|---|---|---|
| $350K-$400K Strongest Demand | 14 | 31d | 104% | 6 |
| $450K-$500K | 5 | 31d | 100% | 4 |
| $650K-$700K | 6 | 27d | 96% | 4 |
| $400K-$450K | 8 | 48d | 100% | 6 |
| $250K-$300K | 10 | 58d | 96% | 1 |
| $500K-$550K | 6 | 70d | 100% | 4 |
| $300K-$350K | 4 | 70d | 94% | 10 |
The $350K-$400K price range in West Loop shows the strongest buyer demand over the last 90 days with 14 closed sales, averaging 31 days from listing to contract, with buyers paying 104% of asking price. There are currently 6 active listings in this range, so sellers pricing into this band should expect buyer interest but need to differentiate on condition, presentation, and accurate pricing relative to comparable recent sales. Sellers in adjacent price bands should study this range carefully, as it represents the concentration point where the most transactions are occurring and where buyers have demonstrated the greatest willingness to compete.
Market Velocity
How fast the West Loop market is moving
Only 10% of active listings in West Loop have required price reductions, which indicates that most sellers entered the market with realistic expectations and found buyers without adjusting. Homes in West Loop are taking a median of 46 days to go under contract, though competitively priced properties are moving faster at 21 days. The gap between those two numbers reflects the penalty for overpricing in this market. At 2.1 months of supply with 58 active listings, West Loop is in balanced territory where neither buyers nor sellers hold a decisive advantage. In this environment, pricing strategy and presentation quality determine which listings attract competitive offers and which linger.
What This Means for Your Listing
Commission savings at the West Loop median
In a market where correctly priced homes in West Loop sell in 46 days, the listing agent's job is straightforward: accurate pricing based on comparable sales data, professional photography and MLS marketing, and responsive transaction management through closing. These are execution tasks with well-established processes, not creative problem-solving that justifies a percentage of your home's value. At the West Loop median of $465K, a traditional commission in the 2-3% range costs $11,625. Net Gain Realty provides the same MLS listing, the same buyer exposure, and the same professional service for a flat fee of $1,995. That is a potential difference of $9,630 that stays in your pocket at closing. The service does not change. The exposure does not change. The only difference is what you pay for it.
Or send your address to matthew@netgain.realty for a property-specific analysis
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