January Home Sales: Oswego Doubles Number of Home Sales from Last Year

The 26 detached, single-family homes sold in Oswgeo during January represented a 100 percent increase over January 2012, when 13 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

The number of sales continues an upward trend for the Oswego housing market, which saw 32 homes sold in December.

The median price of homes sold in January was reported as down, at $197,500 in January 2013 compared to $230,000 in January 2012. 

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

Oswego saw the largest percent increase, with 100 percent more homes sold year over year in January. 

Joliet was the only suburb in the sample to see a decline. There were 63 homes sold in January 2013, a fall of 7.4 percent from 2012.

Overall across the Chicago suburbs, sales of single-family detached homes rose 37.5 percent in January over the same month in 2012, according to MORe. 

MORe predicts February will be another month of local housing market growth, as the number of detached homes under contract in January 2013 was 60 percent higher than in January 2012. 

“I am encouraged to see yet another month of double-digit growth in sales volume in January,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “The opportunity available in today’s marketplace is almost unprecedented. Fasten your seatbelts because this promises to be an outstanding year for the Chicago area housing market.”

150,000

141,000

229,900

222,000

113,950

81,599

150,000

126,450

118,950

134,500

197,500

230,000

185,000

159,000

130,000

137,900

210,000

226,250

223,000

Source: Mainstreet Organization of Realtors