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Naperville Home Sales, Median Price Up Slightly: December Home Sales

Naperville's real estate market saw slight growth during December compared to 2011, according to the Mainstreet Organization of Realtors.

The 110 detached, single-family homes sold in Naperville during December represented a 19.6 percent increase over December 2011, according to the Mainstreet Organization of Realtors (MORe).

There were 109 homes sold in Naperville during November.

In addition, the median price of homes sold in December ($379,000) was 6 percent higher than the median price of homes sold in December 2011 ($357,500). 

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.

Darien saw the largest percent increase, with 125 percent more homes sold year over year in December. There were 18 homes sold that month in 2011 and 8 in 2012.

Elmhurst was the only town in DuPage that didn't see growth, with home sales remaining flat at 28 during December 2012 and 2011. 

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 Burr Ridge 7 6 16.7%

768,439

590,000

30.2% Darien 18 8 125%

260,000

218,750

18.9% Downers Grove 31 30 3.3%

255,000

262,972

-3% Elmhurst 28 28 0%

367,500

378,750

-3% Glen Ellyn 27 25 8%

303,000

432,500

-29.9% Hinsdale 22 11 100%

862,000

740,000

16.5% Lisle 8 7 14.3%

311,500

227,000

37.2% Naperville 110 92 19.6%

379,000

357,500

6% Wheaton 34 20 70%

315,000

307,500

2.4% Woodridge 19 11 72.7%

179,000

162,500

10.2%

Source: Mainstreet Organization of Realtors

Keith Dickerson January 17, 2013 at 01:00 PM
I've been a Realtor in Naperville and surrounding areas for over 13 years. The past 5 years have been rough for many homeowners. It's nice that we're finally seeing a light at the end of the tunnel. We had a real good year last year and this year has started out very strong as well with 6 closings already in January. I believe a lot of buyers are going to have hind site 20/20 after this year. This will be the last year for the "DEAL" for we are going to see some major price increases in 2014. So if you know anyone looking to buy, now is the time. You can search for home easy at www.DickersonTeam.com or find out your home value.
gail niermeyer January 18, 2013 at 07:15 PM
I believe this is a good time to buy! The rates will slowly inch upward;the inventory is at an all time low and homes that come on the market will sell quicker because of less competition. You need to get a home ready to sell!! Gail Niermeyer Coldwell Banker www.gailniermeyer.com
Ken Gerrans January 21, 2013 at 03:22 PM
2013 is already proving that our market is regaining strength...and quickly. A listing, on the market for months, suddenly had three offers in two days. My last two buyer transactions were both on homes with multiple offers. My current clients can't wait to see anything new to the market. I would advise prospective sellers to prepare their homes for sale right now and don't wait for the "Spring Market". The buyers are buying now. --Ken Gerrans - John Greene, Realtor kengerrans@johngreenerealtor.com

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