Jul 28, 2014
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Lemont Home Sales See Increase in Median Price

There were 13 single-family homes sold in Lemont in November, up from nine the same time last year.

Lemont Home Sales See Increase in Median Price

The 13 detached, single-family homes sold during November in Lemont represented a 44 percent increase over November 2011, according to the Mainstreet Organization of Realtors.

There were 19 homes sold in Lemont during October.

In addition, the median price of homes sold in November ($390,000) was 34.5 percent higher than the median price of homes sold in October 2011 ($290,000). 

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

La Grange saw the largest percent increase, with 220 percent more homes sold year over year in November. There were 5 homes sold that month in 2011 and 16 in 2012.

Oak Park saw the smallest amount of growth, with 15 percent more homes sold year over year in November. That shakes out to 23 homes sold in November 2012 compared to 20 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.”

Read more about Lemont real estate.

# of homes soldMedian priceTown20122011% change20122011% changeFOREST PARK 10 5 100%

144,500

85,000

70% LA GRANGE 16 5 220%

323,500

385,000

-16% LA GRANGE PARK 14 9 55.6%

235,500

190,000

24% LEMONT 13 9 44.4%

390,000

290,000

34.5% OAK PARK 23 20 15%

340,000

338,312

0.5% RIVER FOREST 4 3 33.3%

590,500

610,000

-3.2% WESTERN SPRINGS 15 5 200%

442,500

375,000

18%

Source: Mainstreet Organization of Realtors

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