Haocheng Fang and Xiuyuan Chen sell 701 S Wells St. 1506, Chicago

The home at 701 S Wells St. 1506, Chicago, Cook County, was sold on May 22 by Haocheng Fang and Xiuyuan Chen for $292,500.

Justin Porter was listed as the buyer.

Property taxes on the home totaled $4,966 in 2024, or 1.7% of the sale price.

This property is one of 2,750 sales in Chicago, Cook County, between April 22 and May 22.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.