The 12 detached, single-family homes sold in Burr Ridge during January represented a 50 percent increase from January 2012, when eight homes were sold, according to the Mainstreet Organization of Realtors (MORe).

Sales in January were also up from December 2012, when seven homes sold in Burr Ridge.

And there's more good news.

The median price of the Burr Ridge homes sold in January ($679,918) was 35.7 percent higher than the median price in January 2012 ($500,950). 

Overall, 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.

The Hinsdale housing market had the worst year-over-year change MORe reported, with a 29.4 percent decrease in sales from January 2012 to January 2013.

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.”

Source: Mainstreet Organization of Realtors