Wheaton Home Sales Climb as Chicago Area Hits Six-Year High

Wheaton's real estate market had a small bump in September as the bulk of the Chicago area saw a bump in year-over-year comparisons.

Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report—but it was a mixed bag if you were trying to sell property in DuPage County.

The number of homes sold dropped in Burr Ridge, Darien, Downers Grove, Glen Ellyn and Hinsdale in September 2012 compared to September 2011, according to the Mainstreet Organization of Realtors (MORe).

Wheaton saw a 9.3 percent bump in the number of homes sold in September 2012 over September 2011. The average sale price in Wheaton dropped 1.9 percent, showing the least change of the DuPage sample. With 47 homes sold, Wheaton was second to Naperville's 123 in the DuPage sample. 

Elmhurst, Lisle, Naperville and Woodridge all saw the number of homes sold increase by double-digit percentages, according to MORe.

Lisle had the greatest leap in home sales, with a 57.1 percent increase in Sept. 2012 over Sept. 2011. The average sales price dropped, however, by 13.9 percent. 

Across the Chicago area, the number of homes sold in September rose by 22 percent over Sept. 2011, according to RE/MAX. At 7,396 transactions, it was the busiest September for home sales since 2006. 

“We continue to see good news in the Chicagoland housing market,” said Laura Ortoleva, media spokesperson for the RE/MAX Northern Illinois real estate network. “Sales are up, average days on the market continue to drop and home prices are stabilizing. These are trends everyone likes to see.”

# of homes sold

Avg. price

Town

2012

2011

% change

2012

2011

% change

Burr Ridge

5

8

-37.5%

568,600

708,785

-19.8%

Darien

7

10

-30%

339,785

267,250

27.1%

Downers Grove

27

33

-18.2%

330,607

318,459

3.8%

Elmhurst

41

36

13.9%

374,256

402,136

-6.9%

Glen Ellyn

27

29

-6.9

313,543

432,250

-27.5%

Hinsdale

16

24

-33.3%

752,131

848,484

-11.4%

Lisle

11

7

57.1%

307,250

356,992

-13.9%

Naperville

123

94

30.9%

420,784

400,323

5.1%

Wheaton

47

43

9.3%

339,542

345,968

-1.9%

Woodridge

20

14

42.9%

243,871

213,946

14%

Source: Mainstreet Organization of Realtors

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» View the Article on the Wheaton Patch Website.
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