Real Estate
March Home Sales: Lemont Market Shows Increase; Median Price Rises Significantly
Year-over-year, Lemont saw a slight increase in the number of homes sold. The median home price rose significantly, according to the Mainstreet Organization of Realtors.
The 16 homes sold in Lemont during March 2013 represented a 23 percent increase over March 2012, when 13 homes were sold, according to the Mainstreet Organization of Realtors (MORe).
While the number of homes sold increased slightly, the median price of homes sold in March rose significantly in Lemont. The median price increased 69.9 percent to $326,250 from $192,000 in March 2012.
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.
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Hinsdale had the biggest percentage drop in the number of homes sold, with -37.9 percent fewer homes sold year over year. That adds up to 18 homes sold during March 2013 compared with 29 sold in March 2012.
Elmhurst had the biggest percentage increase, 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.
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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%
775,000 780,000-0.6%
Lemont
16
13
23%
326,250
192,000
69.9%
Lisle
8 12-33.3%
272,050 261,0004.2%
Naperville
102 8520%
379,950 335,00013.4%
Wheaton
44 3525.7%
13.5%
Woodridge
9 11-18.2%
212,000 166,00027.7%
Source: Mainstreet Organization of Realtors
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