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Chicago City Wire

Sunday, December 22, 2024

Cook County home prices rose in May 2024 compared to May 2023

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Adobe Stock

In May, the median sale price of a home in Cook County rose by $30,000 from the same period in the previous year, while total sales decreased by 4.7%, according to BlockShopper.com.

Data shows that there were 5,401 homes sold in May, with a median sale price of $320,000 - a 10.3% increase over the $290,000 median sale price for the same period of the previous year. There were 5,668 homes sold in Cook County in May 2023.

For context, the median sales tax in Cook County, based on the latest available data from 2022, was $5,508, which stands at 1.7% of May's median home sale price.

The following histogram displays changes in median sales prices in Cook County from May 2023 to May 2024.

May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024$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$285,000$285,000$277,250$277,250$275,000$275,000$297,000$297,000$307,000$307,000$320,000$320,000

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