Wheaton Housing Market: December Home Sales Up From 2011

By Lauren Williamson

The 34 detached, single-family homes sold in Wheaton during December represented a 70 percent increase over December 2011, according to the Mainstreet Organization of Realtors (MORe).

There were 43 homes sold in Wheaton during November.

In addition, the median price of homes sold in December ($315,000) was 2.4 percent higher than the median price of homes sold in December 2011 ($307,500). 

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

Darien saw the largest percent increase, with 125 percent more homes sold year over year in December. There were 18 homes sold that month in 2011 and 8 in 2012.

Elmhurst was the only town in DuPage that didn't see growth, with home sales remaining flat at 28 during December 2012 and 2011. 

Overall across the Chicago suburbs, sales of single-family detached homes rose 17.1 percent in December over the same month in 2011, according to MORe. 

MORe predicts January will be another month of local housing market growth, as the number of detached homes under contract in December 2012 was 58.3 percent higher than in December 2011. 

“We are cautiously optimistic for 2013, but that doesn’t mean people should wait to take advantage of this market,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “Interest rates will rise as the economy improves, making it more expensive to finance the purchase of a home.”

768,439

590,000

260,000

218,750

255,000

262,972

367,500

378,750

303,000

432,500

862,000

740,000

311,500

227,000

379,000

357,500

315,000

307,500

179,000

162,500

Source: Mainstreet Organization of Realtors