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Chicago City Wire

Monday, June 24, 2024

Cook County home prices rose in Q1

Re 6

The median sale price of a home sold in the first quarter of 2023 in Cook County rose by $3,000 while total sales increased by 390.7%.

From January through March of 2023, there were 10,829 homes sold, with a median sale price of $253,000 - a 1.2% increase over the $250,000 median sale price for the same period of the previous year. There were 2,207 homes sold in Cook County in the first quarter of 2022.

The median sales tax in Cook County for the most recent year with available data, 2022, was $5,508 approximately 2.2% of the median home sale price for the first quarter of 2023.

The following histogram displays changes in median sales prices in Cook County from January 2022 to March 2023.

Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023$250000$250000$275000$275000$302000$302000$268500$268500$253000$253000

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