Real Estate

Elmhurst Home Sales Flat for October Compared to Last Year

Median home price increased slightly in Elmhurst during October by 3.7 percent, to $324,000.

The 45 single, detached homes sold in Elmhurst during October 2013 represent a 2.3 percent increase from October 2012, when 44 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

There were 41 homes sold in Elmhurst during September.

The median home sales price increased slightly in Elmhurst during October, from $312,500 to $324,000, or 3.7 percent, according to MORe.

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Meanwhile, in nearby Wheaton there were 31 homes sold during October 2013, which represented a 40.4 percent decrease from October 2012, when 52 homes were sold. The median price dropped 2.5 percent to $300,000 from $292,500 in October 2012 in Wheaton. 

Among the 59 Patch communities surveyed, the number of homes sold increased 12.4 percent, higher than the 9.6 percent increase seen across the estimated 200 Chicago suburbs MORe tracks. The median sales price across all suburbs rose by about 19 percent, while the price increased 11.6 percent in Patch communities.

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“We expect to continue to see strong growth in the housing market in the final months of 2013 and into next year, especially in regard to home prices,” MORe President Michael Parent said in a news release. “However, it’s important to remember that every town is recovering at its own pace. In some communities the engine is just starting back up. In others, it’s already in first or second gear. Either way, we’re seeing progress and some good underlying positives.”

Top Performers

  • Largest percentage increase in homes sold: Palos Heights (200 percent)
  • Largest percentage increase in median sales price: River Forest (81.6 percent)
  • Most homes sold in October 2013: Plainfield (113)
  • Highest median sales price in October 2013: Hinsdale ($922,500)


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