Real Estate
Home Sales Up Again in La Grange, La Grange Park in December
Both number of homes sold and median selling price were up in December versus December of 2011.
A total of 12 homes were sold in La Grange Park in December, versus four in December 2011 (a 200 percent increase), while La Grange went up to 13 from 11 a year ago (+18 percent), according to the Mainstreet Organization of Realtors (MORe).
The median price of homes sold in both Villages also increased over December 2012, with La Grange going to $520,000 from $447,500 a year ago (a 16 percent increase) and La Grange Park to $258,500 from $192,500 (+34 percent).
The market for detached, single-family homes in suburbs throughout west suburban Cook County saw growth in December, 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.
Forest Park and La Grange Park tied for the largest percent increase, with 200 percent more homes sold year over year in December. In Forest Park, there were three homes sold that month in 2011 and nine in 2012. There were four homes sold in La Grange Park during December 2011 and 12 sold in December 2012.
La Grange saw the smallest amount of growth, with 18.2 percent more homes sold year over year in December. That shakes out to 13 homes sold in November 2012 compared to 11 sold in December 2011.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Overall across the Chicago suburbs, sales of single-family detached homes rose 17.1 percent in December over the same month in 2011, according to MORe.
MORe predicts January will be another month of local housing market growth, as the number of detached homes under contract in December 2012 was 58.3 percent higher than in December 2011.
“We are cautiously optimistic for 2013, but that doesn’t mean people should wait to take advantage of this market,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “Interest rates will rise as the economy improves, making it more expensive to finance the purchase of a home.”
# of homes sold Median price Town 2012 2011 % change 2012 2011 % change FOREST PARK 9 3 200%235,000
135,000
74.1% LA GRANGE 13 11 18.2%520,000
447,500
16.2% LA GRANGE PARK 12 4 200%258,500
192,500
352,500
286,000
23.3% OAK PARK 25 17 47.1%395,000
297,000
33% RIVER FOREST 6 3 100%892,000
460,000
93.9% WESTERN SPRINGS 13 9 44.4%385,000
500,000
-23%Source: Mainstreet Organization of Realtors
Get news alerts and Facebook updates from these Patch sites:
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
