Home prices in Cook County increased

Home prices in Cook County increased
County Clerk Cedric Giles, Cook County Clerk — https://www.cookcountyil.gov/all-people/cedric-giles
0Comments

The median sale price of a home sold in the first quarter of 2025 in Cook County rose by $23,000, while total sales increased by 9%, according to BlockShopper.com.

From January through March of 2025, 11,999 homes were sold in the county, with sale prices around $306,000. This is an 8.1% increase over the $283,000 median sale price during the same period in 2024, when there were 11,006 homes sold.

Based on the latest available data from 2024, the median sales tax on homes in Cook County was $6,351, which equates to 2.1% of the median home sale price for the first quarter of 2025.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Cook County from January 2024 to March 2025.



Related

Paul Vallas, Former Chief Executive Officer for Chicago Public Schools

Fmr. Chicago Public Schools CEO Vallas: ‘The Cook County property tax system is broken’

Paul Vallas criticizes Cook County’s property tax system for disproportionately affecting residents while benefiting political figures.

Patricia "P Rae" Easley, Founder & Chair of ChicagoRED

ChicagoRED founder on property taxes: The ‘commercial tax levy was pushed’ onto homeowners

A rise in property taxes for Chicago homeowners is linked to companies leaving downtown due to safety concerns and economic challenges.

County Clerk Cedric Giles, Cook County Clerk

Cook County home sales during week ending Oct. 18

There were 380 reported residential sales in Cook County in the week ending Oct. 18, according to BlockShopper.com.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Chicago City Wire.