Real Estate
Hinsdale Housing Market: February Sales, Median Price Up From 2012
The number of homes sold in Hinsdale last month was 60 percent higher than it was one year before, according to the Mainstreet Organization of Realtors.
The 16 detached, single-family homes sold in Hinsdale during February 2013 represented a 60 percent increase over February 2012, when 10 homes were sold, according to the Mainstreet Organization of Realtors (MORe).
The number was also up from January 2013, when 12 homes were sold.
The median price of homes sold was also up in Hinsdale. The median price rose 152.9 percent year over year, from $448,750 in February 2012 to $1,135,000 in February 2013.
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The market for detached, single-family homes in suburbs throughout DuPage County saw growth in January, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
Wheaton saw the second largest percent increase in DuPage County. Burr Ridge had the largest percent increase, with 11 homes sold, a 175 percent increase from February 2012.
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Downers Grove had the smallest percent change, with a 4.8 percent increase in February of this year over 2012.
Overall across the Chicago suburbs, sales of single-family detached homes rose 37.5 percent in January over the same month in 2012, according to MORe.
MORe predicts February will be another month of local housing market growth, as the number of detached homes under contract in January 2013 was 60 percent higher than in January 2012.
“In many cases the cost of buying a home today is cheaper than renting,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “When you factor in affordable home prices and historically low interest rates, today’s market represents a ‘perfect storm’ of conditions that may not exist again in our lifetimes.”
Median price Town 2013 2012 % change 2013 2012 % change Burr Ridge 11 4 175%
585,000
317,500
84.3% Darien 8 6 33.3%273,750
257,500
6.3% Downers Grove 22 21 4.8%282,322
286,000
-1.3% Elmhurst 24 22 9.1%403,750
282,500
42.9% Glen Ellyn 14 15 -6.7%366,000
275,000
1,135,000
448,750
152.9% Lisle 6 9 -33.3%319,250
215,000
48.5% Naperville 65 55 18.2%385,000
382,000
0.8% Wheaton 28 13 115.4%265,000
282,000
-6.0% Woodridge 10 12 -16.7%236,500
226,975
Source: Mainstreet Organization of Realtors
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