March Home Sales: Lisle Market Shows Decline; Median Price Makes Slight Gains

The 8 homes sold in Lisle during March 2013 represented a 33.3 percent decrease over March 2012, when 12 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

While the number of homes sold declined, the median price of homes sold in March increased moderately in Lisle. The median price increased 4.2 percent to $272,050 from $261,000 in March 2012.

The market for detached, single-family homes in suburbs throughout DuPage County experienced notable sales gains in March, MORe reported. MORe gets its statistics from Midwest Real Estate Data.

Hinsdale had the biggest percentage decline in the number of homes sold, with -37.9 percent fewer homes sold year over year. That adds up to 18 homes sold during March 2013 compared with 29 sold in March 2012. 

Elmhurst had the biggest percentage increase, with 64.3 percent more homes sold year over year. That adds up to 46 homes sold during March 2013 compared with 28 sold in March 2012. 

Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park, cautioned sellers that the market still needs to shed more distressed properties before home prices make a complete recovery. 

“The spring market hasn’t been this busy since 2007,” Corder said. “For homes that are priced right, multiple offers are coming in.” 

# of homes sold

Median sale price

Town

2013

2012

% change

2013

2012

% change

Burr Ridge

15

19

-21.1%

655,000

658,000

-0.5%

Darien

7

10

-30%

246,000

239,500

2.7%

Downers Grove

39

25

56%

274,000

267,000

2.6%

Elmhurst

46

28

64.3%

375,500

351,500

6.8%

Glen Ellyn

32

32

0%

338,500

255,625

32.4%

Hinsdale

-37.9%

-0.6%

Lemont

16

 13

 23%

326,250 

192,000

69.9% 

Lisle

-33.3%

4.2%

Naperville

20%

13.4%

Wheaton

25.7%

13.5%

Woodridge

-18.2%

27.7%

 Source: Mainstreet Organization of Realtors