Home Sales Flat Year Over Year in Elmhurst for December

The 28 detached, single-family homes sold in Elmhurst during December is exactly the same number of homes sold during the same period in December 2011, according to the Mainstreet Organization of Realtors (MORe).

There were 31 homes sold in Elmhurst during November.

In addition, the median price of Elmhurst homes sold in December ($367,500) was 3 percent lower than the median price of homes sold in December 2011 ($378,750). The only other DuPage towns that saw a decrease in value year over year were Downers Grove and Glen Ellyn.

The market for detached, single-family homes in suburbs throughout DuPage County saw growth in December, MORe reported. MORe gets its statistics from Midwest Real Estate Data.

Elmhurst was the only town in DuPage that didn't see growth. 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 eight in 2012.

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.”

768,439

590,000

260,000

218,750

255,000

262,972

367,500

378,750

303,000

432,500

862,000

740,000

311,500

227,000

379,000

357,500

315,000

307,500

179,000

162,500

Source: Mainstreet Organization of Realtors