Community Corner
Western Springs Home Prices Soar in March
The median price of homes sold this March in Western Springs was up 68.1 percent compared to March 2012.
The 10 detached, single-family homes sold in Western Springs during March represented an 11 percent increase from March 2012, when nine homes were sold, according to the Mainstreet Organization of Realtors (MORe).
Median home prices jumped much more, though. The median price rose 68.1 percent to $546,250 from $325,000 during March 2012.
This is consistent with .
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The market for detached, single-family homes in suburbs throughout west Cook County saw growth in March, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
River Forest saw the largest percent increase in sales, with 200 percent more homes sold year over year in March. Forest Park, Lemont and Western Springs had the highest percentage increase in median price.
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The momentum is expected to continue as the number of detached homes under contract in March grew by 46 percent in those same communities. The median sale price for detached homes also increased 2 percent from the previous March.
“The spring market hasn’t been this busy since 2007,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “For homes that are priced right, multiple offers are coming in.”
221,500
128,000
388,000
375,000
3.5% LA GRANGE PARK 10 4 150%334,950
327,500
2.3% LEMONT 16 13 23.1%326,250
192,000
69.9% OAK PARK 35 28 25%370,000
300,500
23.1% RIVER FOREST 9 3 200%550,000
375,000
546,250
325,000
68.1%Source: Mainstreet Organization of Realtors
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