Western Springs Real Estate Market Sees Year-Over-Year Sales Increase

The 15 single, detached homes sold in Western Springs during September 2013 represented a 25 percent increase over September 2012, when 12 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

The median home price of sold Western Springs homes, meanwhile, decreased year over year. The median price dropped 16.8 percent from $513,750 in September 2012 to $427,500 in September 2013, according to the statistics.

In the wider Western Springs area, Burr Ridge experienced the most significant increase in sales over the same period last year (120 percent), with Forest Park and Lemont also seeing big jumps. La Grange had the greatest percentage increase in median sales price, up 82 percent from September 2012 to September 2013. 

Overall, September 2013 sales in the Chicago suburbs were up 30.7 percent compared to the same time last year. The median sale price for detached homes increased 12.6 percent from the previous September, and the number of homes under contract rose by 30.4 percent