Real Estate
Burr Ridge Housing Market: January Sales, Median Price Up From 2012
The number of home sales in Burr Ridge increased by 50 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 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.
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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.
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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.”
# of homes soldMedian 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
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
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
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