Is Cook County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cook County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Cook County has remained a Seller's Market.

Key Takeaway

Cook County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cook County, IL cost?

Median Sold Price

$308,421

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$10,381(+3.5%)

Key Takeaway

Homes in Cook County have sold for 3.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $178.7K$184.7K
+3.4%
2 $239.8K$250K
+4.3%
3 $300.1K$319.6K
+6.5%
4 $399.4K$409.8K
+2.6%
5+ $449.9K$454.3K
+1.0%

Median Sold Price Compared To Nearby Counties

Will County
+9.4%
Kane County
+6.7%
DuPage County
+6.6%
Lake County
+4.5%
Cook County
+3.5%

How many homes are available in Cook County, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
22,51124,606+9.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1,8021,836
+1.9%
2 5,5776,092
+9.2%
3 7,8218,588
+9.8%
4 3,9274,418
+12.5%
5+ 3,3843,672
+8.5%

Number of Homes Sold

Aug 2022Sep 2022%
5,6624,628-18.3%

Asking Price vs. Sold Price

2,526 Homes Were Sold
Under Asking

793 Homes Were Sold
At Asking

1,309 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cook County, you may be able to get a good deal. 54.6% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
26 Days26 Days+1.1%

Breakdown of Home Sale Times

3,327 Homes Were Sold
Under 30 Days

1,069 Homes Were Sold
In 30 - 90 Days

232 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cook County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cook County, IL

Cook County, IL has 24,606 homes for sale to choose from. The number of listings in Cook County, IL increased by 9.3% between August 2022 and September 2022. In September 2022, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $308,421. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 3.4%, prices of 2 bedrooms properties increased by 4.3%, prices of 3 bedrooms properties went up by 6.5%, 4 bedrooms properties prices increased by 2.6%, prices of 5 bedrooms properties went up by 1%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 1.9%, number of 2 bedrooms homes increased by 9.2%, the quantity of 3 bedrooms homes went up by 9.8%, the quantity of 4 bedrooms homes went up by 12.5%, the quantity of 5 bedrooms homes went up by 8.5%. In September 2022, from all listings sold in Cook County, IL there were more than 1309 sold above asking price, over 2526 sold below and more than 793 were sold right at the asked price.

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