14 Sep 2014
61° Clear
Patch Instagram photo by patch
Patch Instagram photo by patch
Patch Instagram photo by patch

Bolingbrook Home Sales, Prices Both Up in November

More Bolingbrook homes sold in Nov. 2012, and at higher prices, than homes sold in Nov. 2011.

Bolingbrook Home Sales, Prices Both Up in November

The 59 single-family homes sold in Bolingbrook during November represented a 22.9 percent increase over November 2011, according to the Mainstreet Organization of Realtors (MORe).

There were 67 Bolingbrook homes sold during October.

In addition, the median price of homes sold in November ($170,000) was 12.2 percent higher than the median price of homes sold in October 2011 ($151,500). 

The market for detached, single-family homes in suburbs throughout Will and Kendall counties saw growth in November, MORe reported. MORe gets its statistics from Midwest Real Estate Data.

Plainfield saw the largest percent increase, with 73.6 percent more homes sold year over year in November. There were 53 homes sold that month in 2011 and 92 in 2012.

Channahon saw the largest percent drop, with 75 percent fewer homes sold year over year in November. It's worth noting, however, the small sample size: Three homes were sold in November 2012 compared to four sold in November 2011.

Overall across the Chicago suburbs, sales of single-family detached homes rose 35.6 percent in November over the same month in 2011, according to MORe. 

MORe predicts December will be another month of local housing market growth, as the number of detached homes under contract in November 2012 was 54 percent higher than in November 2011. 

“We are on pace to finish strong in 2012,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “It is a great time to be in the market, especially in the Chicago area. Every day we see signs that conditions are continuing to improve to the benefit of both buyers and sellers.”

# of homes soldMedian priceTown20122011% change20122011% changeBOLINGBROOK 59 48 22.9%

170,000

151,500

12.2% CHANNAHON 3 4 -25%

250,000

99,800

150.5% JOLIET 103 69 49.3%

112,000

85,000

31.8% MINOOKA 12 8 50%

155,950

116,750

33.6% MONTGOMERY 27 19 42.1%

134,000

135,000

-0.7% OSWEGO 35 28 25%

210,000

233,475

-10.1% PLAINFIELD 92 53 73.6%

186,950

179,000

4.4% ROMEOVILLE 28 23 21.7%

143,000

129,900

10.1% SHOREWOOD 13 11 18.2%

232,000

268,000

-13.4% YORKVILLE 28 21 36.3%

228,000

205,000 11.2%

Source: Mainstreet Organization of Realtors

Share This Article