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Residential
Chicago

Cook County’s single-family home sales nearly double to $949M in March

Spring market makes strong return despite rising interest rates

@properties' Emily Sachs Wong with 2118 N Hudson Ave Chicago
@properties' Emily Sachs Wong with 2118 N Hudson Ave Chicago (@properties, Google Maps, Getty)

Cook County’s sales volume of single-family homes nearly doubled last month, as the well-underway spring market continues to show strength despite rising interest rates and a cooling market.

In March, 2,272 sales topped $944 million in volume, up from 1,399 deals for nearly $549 million in the month prior.

Emily Sachs Wong, a top broker with @properties Christie’s International Real Estate, bagged last month’s priciest sale, with a $5.5 million deal for a Lincoln Park home sold on the last day of the month. Brian Loomis of Coldwell Banker Realty was the buyer’s agent.

Here’s where March’s single-family home sales took place:

 

   

   

  

  

Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl.

The Lincoln Park home that gave Wong the crown for March is at 2118 North Hudson Avenue. The 9,000-square-foot home was built in 1890, and includes a four-car garage and coach house. Originally two separate townhouses, the previous owners redesigned and rebuilt the homes before selling.

In February, the highest sale price was a suburban home at 711 Lake Avenue in Wilmette. The home, which belonged to Gregg Kaplan, founder of DVD rental service Redbox, sold for $4.2 million. The sale of the 10,500-square-foot home closed on Feb. 7 for more than its asking price. High-end homes have rarely sold over their listing prices in the Chicago area as of late.

Mary Baubonis with @properties Christie’s International Real Estate represented the Kaplans as the sellers while Paige Dooley with Compass represented the buyers on the deal. 

Cook County’s median sale price last month of $317,500 was also up about 6 percent from the month prior, when the metric clocked in at ​​$299,900.

March Single-Family Market Summary:

Most Expensive

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Lincoln Park, 2118 N Hudson Ave Chicago | Price $5,500,000 | $603 psf | Year built: 1890

Least Expensive

Riverdale, 158 W Glen Ln Riverdale | Price $10,000 | $11 psf | Year built: 1944

Highest Price Per Square Foot

Humboldt Park, 835 N Harding Ave Chicago | Price $240,000 | $240,000 psf 

Lowest Price Per Square Foot

Fuller Park, 4733 S Princeton Ave Chicago | Price $10,000 | $7 psf 

Newest

North Center, 3807 N Seeley Ave Chicago | Price $2,600,000 | $491 psf | Year built: 2023

Oldest

Humboldt Park, 931 N Harding Ave Chicago | Price $299,000 | $199 psf | Year built: 1873

Tags
Cook CountyHome SalesHousing MarketSuburban Chicago