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Saturday, November 23, 2024

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

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In March 2023, the median sale price of a home in Cook County rose by $22,000 from the same period in the previous year, while total sales increased by 440.2%, according to BlockShopper.com.

Data shows that there were 4,743 homes sold in March 2023, with a median sale price of $262,000 - a 9.2% increase over the $240,000 median sale price for the same period of the previous year. There were 878 homes sold in Cook County in March 2022.

For context, the median sales tax in Cook County, based on the latest available data from 2022, was $5,508, which stands at 2.1% of March 2023's median home sale price.

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

March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023$240,000$240,000$280,000$280,000$266,500$266,500$274,000$274,000$270,000$270,000$290,000$290,000$489,000$489,000$450,000$450,000$259,500$259,500$265,000$265,000$250,000$250,000$245,000$245,000$262,000$262,000

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