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South Cook News

Monday, November 25, 2024

Cook County home prices fall in February 2023 compared to February 2022

Realestate2

In February 2023, the median sale price of a home in Cook County fell by $17,000 from the same period in the previous year, while total sales increased by 414.7%, according to BlockShopper.com.

Data shows that there were 2,898 homes sold in February 2023, with a median sale price of $245,000 - a 6.5% decrease from the $262,000 median sale price for the same period of the previous year. There were 563 homes sold in Cook County in February 2022.

For context, the median sales tax in Cook County, based on the latest available data from 2022, was $5,508, which stands at 2.2% of February 2023's median home sale price.

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

February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023$262,000$262,000$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

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