Real Estate
Wheaton Housing Market Has Another Good Month: November Home Sales
Twice as many homes were sold in Wheaton in November 2012 than were sold in November 2011, the Mainstreet Organization of Realtors reports.
The 43 homes sold in Wheaton during November represented a 13.2 percent increase over November 2011, according to the Mainstreet Organization of Realtors (MORe).
There were 52 homes sold in Wheaton during October.
In addition, the median price of homes sold in November ($300,000) was 26.5 percent higher than the median price of homes sold in November 2011 ($237,250).
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The market for detached, single-family homes in suburbs throughout DuPage County saw growth in November, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
Downers Grove saw the largest percent increase, with 137.5 percent more homes sold year over year in November. There were 16 homes sold that month in 2011 and 38 in 2012.
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Lisle saw the largest percent drop, with 38.5 percent fewer homes sold year over year in November. That shakes out to 8 homes sold in November 2012 compared to 13 sold in November 2011.
Overall across the Chicago suburbs, sales of single-family detached homes rose 35.6 percent in November over the same month in 2011, according to MORe.
MORe predicts December will be another month of local housing market growth, as the number of detached homes under contract in November 2012 was 54 percent higher than in November 2011.
“We are on pace to finish strong in 2012,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “It is a great time to be in the market, especially in the Chicago area. Every day we see signs that conditions are continuing to improve to the benefit of both buyers and sellers.”
Median price Town 2012 2011 % change 2012 2011 % change Burr Ridge 12 6 100%
512,500
749,500
-31.6% Darien 13 13 0%281,500
270,000
4.3% Downers Grove 38 16 137.5%314,720
227,500
38.3% Elmhurst 31 29 6.9%315,000
255,000
23.5% Glen Ellyn 39 21 85.7%418,000
320,000
797,500
687,000
16.1% Lisle 8 13 -38.5%359,950
285,000
26.3% Naperville 109 72 51.4%375,000
333,500
12.4% Wheaton 43 38 13.2%300,000
237,250
26.5% Woodridge 21 11 90.9%209,000
215,000
Source: Mainstreet Organization of Realtors
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