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Chicago City Wire

Wednesday, November 13, 2024

Home prices in Cook County during June 2024 increased compared to the same period in 2023

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In June, the median sale price of a home in Cook County rose by $24,000 from the same period in the previous year, while total sales decreased by 19.3%, according to BlockShopper.com.

Data shows that there were 4,977 homes sold in June, with a median sale price of $331,000 - a 7.8% increase over the $307,000 median sale price for the same period of the previous year. There were 6,170 homes sold in Cook County in June 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 June's median home sale price.

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

June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024$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$331,000$331,000

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