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Bolingbrook Home Sales, Prices Continue to Climb: January Sales Report

More homes were sold in January 2013 in Bolingbrook compared with a year earlier; the median sale price has also increased by more than 6 percent.

The 41 detached, single-family homes sold in Bolingbrook during January represented a 20.6 percent increase over January 2012, when 34 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

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Home sales were slightly down (3.4 percent) in December from 2011, but home prices were up 21.5 percent. The median price of homes sold in January was up 6.4 percent, at $150,000 in January 2013 compared to $141,000 in January 2012. 

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

Oswego saw the largest percent increase, with 100 percent more homes sold year over year in January. There 26 homes sold that month in 2013 and 13 in 2012. 

Joliet was the only suburb in the sample to see a decline. There were 63 homes sold in January 2013, a fall of 7.4 percent from 2012.

Overall across the Chicago suburbs, sales of single-family detached homes rose 37.5 percent in January over the same month in 2012, according to MORe. 

MORe predicts February will be another month of local housing market growth, as the number of detached homes under contract in January 2013 was 60 percent higher than in January 2012. 

“I am encouraged to see yet another month of double-digit growth in sales volume in January,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “The opportunity available in today’s marketplace is almost unprecedented. Fasten your seatbelts because this promises to be an outstanding year for the Chicago area housing market.”

# of homes sold Median price Town January 2013 January 2012 % change January 2013 January 2012 % change BOLINGBROOK 41 34 20.6%

150,000

141,000

6.4% CHANNAHON 7 6 16.7%

229,900

222,000

3.6% JOLIET 63 68 -7.4%

113,950

81,599

39.7% MINOOKA 5 4 25%

150,000

126,450

18.6% MONTGOMERY 24 24 0%

118,950

134,500

-11.6% OSWEGO 26 13 100%

197,500

230,000

-14.1% PLAINFIELD 57 54 5.6%

185,000

159,000

16.4% ROMEOVILLE 29 19 52.6%

130,000

137,900

-5.7% SHOREWOOD 12 10 0%

210,000

226,250

-7.2% YORKVILLE 16 12 33.3%

223,000

205,000 8.8%

Source: Mainstreet Organization of Realtors

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