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Research / study

Cook, DuPage and Lake County Negotiating Conditions: May 2026

A historical Redfin county comparison separates sale-to-list ratios, price drops, market speed, inventory, and months of supply without turning county averages into property predictions.

Research period: May 1 to May 31, 2026

Scope: Redfin county archive, all residential, 30-day, not seasonally adjusted; broad historical county contextWebsite publication: 2026-09-29JProctor Group Research

The three counties had similar average sale-to-list ratios and price-drop shares, but DuPage and Lake moved off market within two weeks more often than Cook in the May 2026 archive.

Analysis published by JProctor Group. Methods, source notes, and scope limits appear in the publication below.

Executive summary

  • Average sale-to-list ratios were close: 101.32% in Cook, 101.44% in DuPage, and 101.52% in Lake County.
  • The share sold above list ranged from 48.64% in Cook to 52.34% in DuPage. Those shares are not probabilities for a future listing.
  • The share going off market within two weeks was 52.09% in Cook, 63.97% in DuPage, and 62.51% in Lake County.
  • Price-drop shares were also close, ranging from 13.63% in Lake to 14.26% in Cook.

One month, several negotiating signals

Data table from Cook, DuPage and Lake County Negotiating Conditions: May 2026
County Median sale price Inventory Inventory change Months of supply Median days on market
Cook $390,000 14,057 -8.26% 2.8 46
DuPage $460,000 2,429 +2.19% 2.6 42
Lake $434,429 2,055 -2.42% 2.6 45
Data table from Cook, DuPage and Lake County Negotiating Conditions: May 2026
County Average sale to final list Sold above list Price drops Off market in two weeks
Cook 101.32% 48.64% 14.26% 52.09%
DuPage 101.44% 52.34% 14.12% 63.97%
Lake 101.52% 49.94% 13.63% 62.51%
Share of listings with a price drop in Cook, DuPage, and Lake Counties in May 2026.
Redfin county price-drop shares for May 2026
Open full-size chart

Similar price-drop shares did not mean identical market speed

The three price-drop shares fit within a 0.64-percentage-point range. The two-week off-market shares spanned 11.88 points, from Cook to DuPage.

Those measures describe different stages. Redfin defines a price drop as an active listing reducing its asking price below the original ask. Its off-market-within-two-weeks measure concerns homes that went under contract within 14 days. A county can therefore show a similar rate of price reductions while moving a different share of new listings into contract quickly.

The sale-to-list ratio needs its own denominator

Redfin calculates the average ratio using each sold home's final sale price and final list price, with outlier exclusions. A 101.5% county average does not mean every buyer paid 1.5% over asking. It also does not reveal the original list price, concessions, credits, repairs, financing terms, or the distribution around the average.

The separate sold-above-list share shows that about half of sales closed above final list in each county. That still does not tell us how many offers a property received or whether price changes occurred before the final ask.

Broad counties are context, not a suburb comparison

Cook, DuPage, and Lake Counties contain many distinct cities, neighborhoods, property types, and price ranges. Chicago is part of Cook County, while Elmhurst, Hinsdale, Glen Ellyn, and Clarendon Hills are associated with DuPage County geography. County data cannot be relabeled as a result for any one community.

For a buyer or seller, the useful next step is a direct comparison of current alternatives and recent transactions matching the property's location and type. County figures can identify which questions to ask about speed, pricing history, and competition. They cannot determine an offer or asking price.

Sources, calculation, and limits

  • Redfin Data Center downloads supplied the retained county archive.
  • Redfin metric definitions define sale-to-list ratio, days on market, price drops, months of supply, and two-week contract speed.
  • Redfin methodology explains the market tracker and source revisions.
  • Exact filter: county region, all residential, 30-day period, not seasonally adjusted, period ending May 31, 2026.

The retained archive was last updated June 2, 2026. This is explicitly historical May context, not a September market claim. Redfin data can be revised. The study does not measure a specific suburb, property, concession, multiple-offer count, future outcome, causation, or forecast.

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