.

Hinsdale Housing Market: January Sales, Median Price Down From 2012

Home sales in Hinsdale fell by 29.4 percent year-over-year from January 2012 to January 2013, according to numbers supplied by the Mainstreet Organization of Realtors.

The 12 detached, single-family homes sold in Hinsdale during January represented a 29.4 percent decrease from January 2012, when 17 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

Sales in January were also down from December 2012, when 22 homes sold in Hinsdale.

The median price of homes sold in January ($837,500) was slightly lower than the median price of homes sold in January 2012 ($850,000). 

Despite a slow month in Hinsdale, 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

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something