Real Estate
Median Price of Woodridge Homes Down 19% in October
Nineteen homes were sold in October 2012, up from 17 in October 2011. See how that compares to the rest of DuPage County.
Home sales increased slightly in Woodridge during October 2012 compared to the same month last year, but the increase wasn't as high as other neighboring DuPage County communities.
Nineteen homes were sold in Woodridge last month, compared to 17 in October 2011. The median price of homes sold in Woodridge was down 19.2 percent, the largest drop in Patch's DuPage County coverage area.
The market for detached, single-family homes in suburbs throughout DuPage County saw growth in October, according to the Mainstreet Organization of Realtors (MORe). MORe gets its statistics from Midwest Real Estate Data.
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Burr Ridge experienced the most dramatic percent change in the number of homes sold, with an uptick of 175 percent in October 2012 over October 2011. The number of actual homes sold this October was 11, compared to the four sold during the same period last year.
Glen Ellyn saw the largest percent drop, with 18.2 percent fewer homes sold year over year in October. That shakes out to 18 homes sold in October 2012 compared to 22 sold in October 2011.
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Overall across the Chicago suburbs, sales of single-family detached homes rose 44.6 percent in October over the same month in 2011, according to MORe.
MORe predicts November will be another month of local housing market growth, as the number of detached homes under contract in October 2012 was 65.8 percent higher than in October 2011.
“2012 has already been a strong year for the housing market, and we are seeing activity continue to increase,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “Affordable home prices and historically low interest rates have created a rare opportunity for buyers. We are actually back to the point where we are seeing multiple offers on properties.”
# of homes soldMedian price Town 2012 2011 % change 2012 2011 % change Burr Ridge 11 4 175%
570,000
630,000
-9.5% Darien 10 7 42.9%237,500
280,000
-15.2% Downers Grove 38 30 26.7%332,500
289,000
312,500
316,500
-1.3% Glen Ellyn 18 22 -18.2%487,200
286,000
70.4% Hinsdale 16 7 128.6%922,500
575,000
60.4% Lisle 10 11 -9.1%319,000
243,500
31% Naperville 119 83 43.4%380,000
390,000
300,000
317,500
-5.5% Woodridge 19 17 11.8%198,000
245,000
-19.2%Source: Mainstreet Organization of Realtors
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