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Bolingbrook Home Sales Increase in October

After a decline in September, Bolingbrook home sales were up over 2011 October numbers, according to the Mainstreet Organization of Realtors.

Bolingbrook home sales saw a decline of 25.9 percent in September over 2011 numbers. In October, home sales swung in the other direction. 

Bolingbrook home sales were up 28.9 percent from Oct. 2011 to Oct. 2012, according to the Mainstreet Organization of Realtors, from 52 units in 2011 to 67 in 2012. 

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Median prices for homes, however, continued to fall. Bolingbrook prices fell 16.6 percent, from $179,950 in Oct. 2011 to $150,000 in Oct. 2012. 

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

Shorewood experienced the most dramatic percent change in the number of homes sold, with an uptick of 175 percent in October 2012 over October 2011. The number of actual homes sold this October was 11, compared to the four sold during the same period last year.

Romeoville saw the largest percent drop, with 18.2 percent fewer homes sold year over year in October. That shakes out to 27 homes sold in October 2012 compared to 33 sold in October 2011.

Overall across the Chicago suburbs, sales of single-family detached homes rose 44.6 percent in October over the same month in 2011, according to MORe. 

MORe predicts November will be another month of local housing market growth, as the number of detached homes under contract in October 2012 was 65.8 percent higher than in October 2011. 

“2012 has already been a strong year for the housing market, and we are seeing activity continue to increase,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “Affordable home prices and historically low interest rates have created a rare opportunity for buyers. We are actually back to the point where we are seeing multiple offers on properties.”

# of homes sold Median price Town 2012 2011 % change 2012 2011 % change BOLINGBROOK 67 52 28.9%

150,000

179,950

-16.6% CHANNAHON 11 10 10%

168,000

190,000

-11.6% JOLIET 91 98 -7.1%

104,000

105,000

-1% MINOOKA 9 6 50%

160,000

103,950

53.9% MONTGOMERY 39 20 95%

155,000

154,000

0.7% OSWEGO 42 31 35.5%

212,610

219,290

-3.1% PLAINFIELD 98 74 21.3%

174,950

199,500

-12.3% ROMEOVILLE 27 33 -18.2%

125,000

122,000

2.5% SHOREWOOD 11 4 175%

185,000

196,500

-3.9% YORKVILLE 17 18 -5.6%

240,000

185,813 22.1%

Source: Mainstreet Organization of Realtors

Editor's note: Patch Editor Lauren Williamson contributed to this report. 

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