Real Estate
March Home Sales: Glen Ellyn Market Shows No Change; Median Price Rises
Year-over-year, Glen Ellyn saw no increase in the number of homes sold, though the median home price saw a more than 30 percent increase, according to the Mainstreet Organization of Realtors.
The 32 homes sold in Glen Ellyn during March 2013 represented no growth in sales over March 2012, when the same number of homes were sold, according to the Mainstreet Organization of Realtors (MORe).
There were 14 homes sold in Glen Ellyn during February.
While the number of homes sold was stagnant, the median price of homes sold in March increased in Glen Ellyn. The median price rose 32.4 percent to $338,500 from $255,625 in March 2012.
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The market for detached, single-family homes in suburbs throughout DuPage County experienced notable sales gains in March, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
Glen Ellyn was the only community in DuPage County, to see no change year-over-year in March.
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Elmurst had the highest percent change, with 64.3 percent more homes sold year over year. That adds up to 46 homes sold during March 2013 compared with 28 sold in March 2012.
Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park, cautioned sellers that the market still needs to shed more distressed properties before home prices make a complete recovery.
“The spring market hasn’t been this busy since 2007,” Corder said. “For homes that are priced right, multiple offers are coming in.”
# of homes sold
Median sale price
Town
2013
2012
% change
2013
2012
% change
Burr Ridge
15
19
-21.1%
655,000
658,000
-0.5%
Darien
7
10
-30%
246,000
239,500
2.7%
Downers Grove
39
25
56%
274,000
267,000
2.6%
Elmhurst
46
28
64.3%
375,500
351,500
6.8%
Glen Ellyn
32
32
0%
338,500
255,625
32.4%
Hinsdale
18 29-37.9%
-0.6%
Lemont
16
13
23%
326,250
192,000
69.9%
Lisle
8 12-33.3%
4.2%
Naperville
102 8520%
379,950 335,00013.4%
Wheaton
25.7%
324,000 285,50013.5%
Woodridge
9 11-18.2%
212,000 166,00027.7%
Source: Mainstreet Organization of Realtors
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