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

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.”

679,918

500,950

235,000

285,000

257,500

275,000

327,500

222,500

307,500

321,000

837,500

850,000

295,000

178,000

341,250

335,450

295,000

385,500

160,000

287,000

Source: Mainstreet Organization of Realtors