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Glen Ellyn: November Home Sales

In November, the median home price in Glen Ellyn went up and the number of homes sold increased significantly compared with November 2011, according to the Mainstreet Organization of Realtors.

The 39 detached, single-family homes sold in Glen Ellyn during November represented an 85.7 percent increase over November 2011, according to the Mainstreet Organization of Realtors (MORe).

There were 18 homes sold in Glen Ellyn during October.

In addition, the median price of homes sold in November ($418,000) was 30.6 percent higher than the median price of homes sold in October 2011 ($320,000). 

The market for detached, single-family homes in suburbs throughout DuPage County saw growth in November, MORe reported. MORe gets its statistics from Midwest Real Estate Data.

Downers Grove saw the largest percent increase, with 137.5 percent more homes sold year over year in November. There were 16 homes sold that month in 2011 and 38 in 2012.

Lisle saw the largest percent drop, with 38.5 percent fewer homes sold year over year in November. That shakes out to 8 homes sold in November 2012 compared to 13 sold in November 2011.

Overall across the Chicago suburbs, sales of single-family detached homes rose 35.6 percent in November over the same month in 2011, according to MORe. 

MORe predicts December will be another month of local housing market growth, as the number of detached homes under contract in November 2012 was 54 percent higher than in November 2011. 

“We are on pace to finish strong in 2012,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “It is a great time to be in the market, especially in the Chicago area. Every day we see signs that conditions are continuing to improve to the benefit of both buyers and sellers.”

# of homes sold
Median price Town 2012 2011 % change 2012 2011 % change Burr Ridge 12 6 100%

512,500

749,500

-31.6% Darien 13 13 0%

281,500

270,000

4.3% Downers Grove 38 16 137.5%

314,720

227,500

38.3% Elmhurst 31 29 6.9%

315,000

255,000

23.5% Glen Ellyn 39 21 85.7%

418,000

320,000

30.6% Hinsdale 26 13 100%

797,500

687,000

16.1% Lisle 8 13 -38.5%

359,950

285,000

26.3% Naperville 109 72 51.4%

375,000

333,500

12.4% Wheaton 43 38 13.2%

300,000

237,250

26.5% Woodridge 21 11 90.9%

209,000

215,000

-2.8%

Source: Mainstreet Organization of Realtors

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