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January Home Sales: Wheaton Home Sales Up, Median Prices Down

Home sales increase 19.1 percent in January 2013 from January 2012, while the median price of homes sold drops 23.5 percent, according to the Mainstreet Organization of Realtors (MORe).

The 25 detached, single-family homes sold in Wheaton during January represented a 19.1 percent increase over January 2012, when 21 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

There were 34 homes sold in Wheaton during December.

While the number of home sales was up, the median price of homes sold in January was down. The median price fell 23.5 percent to $295,000 from $385,000 in January 2012. 

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.

Glen Ellyn saw the largest percent increase, with 312.5 percent more homes sold year over year in January. There were 33 homes sold that month in 2013 and 8 in 2012.

Naperville had the smallest percent change, with 16.7 percent more homes sold year over year. That shakes out to 70 homes sold during January 2013 compared to 60 sold in January 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. 

“I am encouraged to see yet another month of double-digit growth in sales volume in January,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “The opportunity available in today’s marketplace is almost unprecedented. Fasten your seatbelts because this promises to be an outstanding year for the Chicago area housing market.”

# of homes sold
Median price Town January 2013 January 2012 % change January 2013 January 2012 % change Burr Ridge 12 8 50%

679,918

500,950

35.7% Darien 7 4 75%

235,000

285,000

-17.5% Downers Grove 28 18 55.6%

257,500

275,000

-6.4% Elmhurst 35 18 94.4%

327,500

222,500

47.2% Glen Ellyn 33 8 312.5%

307,500

321,000

-4.2% Hinsdale 12 17 -29.4%

837,500

850,000

-1.5% Lisle 9 3 200%

295,000

178,000

65.7% Naperville 70 60 16.7%

341,250

335,450

1.7% Wheaton 25 21 19.1%

295,000

385,500

-23.5% Woodridge 14 9 55.6%

160,000

287,000

-44.3%

Source: Mainstreet Organization of Realtors

Gregg Slapak February 22, 2013 at 03:23 PM
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