Is Cook County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cook County has remained a Seller's Market.
Housing Prices in Cook County, IL
How much do homes in Cook County, IL cost?
Median Sold Price
$320,267
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cook County was $320,267 in April 2024, up 4.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188.2K | $200K | +6.3% |
2 Bedrooms | $250.7K | $269.8K | +7.6% |
3 Bedrooms | $320.1K | $331.2K | +3.5% |
4 Bedrooms | $409.1K | $427.1K | +4.4% |
5+ Bedrooms | $450.9K | $460.8K | +2.2% |
Summary: Cook County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Counties
Kane County | $309.5K | $341K | +10.2% |
Lake County | $328.6K | $356K | +8.3% |
Will County | $305.2K | $327.8K | +7.4% |
DuPage County | $359.8K | $382.8K | +6.4% |
Cook County | $306.1K | $320.2K | +4.6% |
Housing Supply in Cook County, IL
How many homes are available in Cook County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16,406 | 19,105 | +16.5% |
Summary: The Cook County real estate market had 19,105 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1,395 | 1,619 | +16.1% |
2 Bedrooms | 4,105 | 4,761 | +16.0% |
3 Bedrooms | 5,701 | 6,574 | +15.3% |
4 Bedrooms | 2,856 | 3,386 | +18.6% |
5+ Bedrooms | 2,349 | 2,765 | +17.7% |
Summary: The Cook County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 17.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,990 | 4,487 | +12.5% |
Asking Price vs. Sold Price
1,806 Homes Were Sold
Under Asking
755 Homes Were Sold
At Asking
1,925 Homes Were Sold
Over Asking
Summary: A total of 4,487 homes were sold or pending in Cook County in April 2024, up by 12.5% month-over-month. Of the 4,486 sold homes, 40% were sold under asking, 17% were sold at asking, and 43% were sold over asking.
Days on Market for Cook County, IL
How long does it take to sell a home in Cook County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 29 Days | -15.1% |
Summary: Homes in Cook County had an average of 29 days on market in Apr 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
3,385 Homes Were Sold
Under 30 Days
681 Homes Were Sold
In 30 - 90 Days
421 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4487 homes were sold in Cook County; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.