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Chicago City Wire

Sunday, November 24, 2024

Cook County home prices rose in 2022

Realestate1

The median sale price of a home sold in 2022 in Cook County rose by $5,500 while total sales decreased by 14.9%.

From January through December of 2022, there were 69,483 homes sold, with a median sale price of $282,500 - a 2% increase over the $277,000 median sale price for the same period of the previous year. There were 81,614 homes sold in Cook County in 2021.

The median sales tax in Cook County for the most recent year with available data, 2022, was $5,508 approximately 1.9% of the median home sale price for 2022.

The following histogram displays changes in median sales prices in Cook County from January 2021 to December 2022.

20212022$277000$277000$282500$282500

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