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Chicago City Wire

Sunday, November 24, 2024

Home prices in Cook County during November 2023 increased compared to the same period in 2022

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Adobe Stock

In November 2023, the median sale price of a home in Cook County rose by $20,500 from the same period in the previous year, while total sales decreased by 11.5%, according to BlockShopper.com.

Data shows that there were 4,020 homes sold in November 2023, with a median sale price of $280,000 - a 7.9% increase over the $259,500 median sale price for the same period of the previous year. There were 4,542 homes sold in Cook County in November 2022.

For context, the median sales tax in Cook County, based on the latest available data from 2022, was $5,508, which stands at 2% of November 2023's median home sale price.

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

November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023$259,500$259,500$265,000$265,000$250,000$250,000$245,000$245,000$262,000$262,000$285,000$285,000$290,000$290,000$307,000$307,000$307,000$307,000$300,000$300,000$295,000$295,000$280,000$280,000$280,000$280,000

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