March Home Sales: Wheaton Market Makes Gains; Median Price Rises

The 44 homes sold in Wheaton during March 2013 represented a 25.7 percent increase over March 2012, when 35 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

There were 28 homes sold in Wheaton during February. 

As the number of homes sold increased, the median price of homes sold in March also increased in Wheaton. The median price rose  13.5 percent to $324,000 from $285,500 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.

Glen Ellyn was the only community in DuPage County, to see no change year-over-year in March. 

Elmurst had the highest percent change, 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