Real Estate
Lemont Home Sales Double From January '12 to '13
See how the local home sales compare to last month and other nearby suburbs.
By Lauren Williamson
The nine detached, single-family homes sold in Lemont during January represented a 125 percent increase over January 2012, when four homes were sold, according to the Mainstreet Organization of Realtors.
The number of sales continues an upward trend for the Lemont housing market, which saw 11 homes sold during December.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
While home sales were up, the median price of homes sold in January was down. The median price fell 23.2 percent to $248,000 from $322,950 in January 2012.
The market for detached, single-family homes in suburbs throughout west Cook County saw growth in January, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Do you want to blog about Lemont real estate news, open houses and more? Get started here.
River Forest saw the largest percent increase, with 400 percent more homes sold year over year in January. There were 5 homes sold that month in 2013 and 1 in 2012. (It's worth noting the small sample size.)
Forest Park was the only suburb in the sample that didn't see growth during January. Its market held flat at five homes sold during both January 2012 and 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 sold Median price Town January 2013 January 2012 % change January 2013 January 2012 % change FOREST PARK 5 5 0%118,000
141,000
-16.3% LA GRANGE 10 6 66.7%438,750
409,750
7.1% LA GRANGE PARK 11 5 200%255,000
206,500
23.5% LEMONT 9 4 125%248,000
322,950
355,000
307,500
15.5% RIVER FOREST 5 1 400%915,000
619,000
47.8% WESTERN SPRINGS 8 8 44.4%420,000
401,250
4.7%Source: Mainstreet Organization of Realtors
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
