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

Housing Market Conditions



Gauge showing Cook County is a seller's market


Difference Since August 2022

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.

Housing Prices

How much do homes in Cook County, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

The sold price of homes in Cook County has remained the same since last year.

Summary: The median home sold price in Cook County was $307,937 in August 2023, the same as last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $184.4K$190.2K
2 $250.1K$253.2K
3 $318.1K$319.7K
4 $408.5K$409.5K
5+ $455.9K$447.3K

Summary: Cook County housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Counties

Kane County
Lake County
Will County
DuPage County
Cook County

Housing Supply

How many homes are available in Cook County, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Cook County real estate market had 20,042 homes for sale in August 2023, a 9.9% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 1,3941,544
2 4,3934,753
3 6,4747,120
4 3,2743,625
5+ 2,7033,000

Summary: The Cook County housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 11%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

2,053 Homes Were Sold
Under Asking

754 Homes Were Sold
At Asking

1,918 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. 43.4% of homes here sold below asking price last month.

Summary: A total of 4,727 homes were sold or pending in Cook County in August 2023, up by 0.2% month-over-month. Of the 4,725 sold homes, 43% were sold under asking, 16% were sold at asking, and 41% were sold over asking.

Days on Market

How long does it take to sell a home in Cook County, IL?

Average Sale Time

Aug 2022Aug 2023CHANGE
24 Days25 Days+6.9%

Summary: Homes in Cook County had an average of 25 days on market in Aug 2023, up by 6.9% compared to last year.

Breakdown of Home Sale Times

3,648 Homes Were Sold
Under 30 Days

820 Homes Were Sold
In 30 - 90 Days

258 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.

Summary: During August 2023, 4727 homes were sold in Cook County; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

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Nearby Markets

What housing markets are near Cook County, IL?