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Chicago City Wire

Monday, June 24, 2024

Cook County home prices fell in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Cook County fell by $5,000 while total sales decreased by 12.3%.

From July through December of 2022, there were 32,574 homes sold, with a median sale price of $280,000 - a 1.8% decrease from the $285,000 median sale price for the same period of the previous year. There were 37,159 homes sold in Cook County in the second half of 2021.

The median sales tax in Cook County for the most recent year with available data, 2022, was $5,508 approximately 2% of the median home sale price for the second half of 2022.

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

July - Dec. 2021Jan. - June 2022July - Dec. 2022$285000$285000$262000$262000$280000$280000

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