Romeoville Home Sales Down, But Prices Up in January

The Mainstreet Organization of Realtors tracks home sales, median sale prices.

Credit: File photo
Credit: File photo

The 25 single, detached homes sold in Romeoville during January 2014 represented a 16.7 percent decrease from January 2013, when 30 homes were sold, according to statistics provided by the Mainstreet Organization of Realtors and the North Shore-Barrington Association of Realtors.

There were 30 homes sold in Romeoville in December.

Meanwhile, the median home sales price increased in Romeoville during January. The median price increased 14.7 percent to $149,000 from $129,950 in January 2013, according to the statistics.

“Home prices in suburban Chicago have continued to experience healthy, sustainable growth in the first month of 2014,” said Michael Parent, president of MORe and Vice President of Operations for Burnet Title’s Chicago Region. “One of many factors driving increased prices is a continued lack of inventory, which will likely improve as people come out of hibernation and the market starts breaking open in March or April.”

Top Performers

  • Largest percentage increase in homes sold: Darien (100 percent)

  • Largest percentage increase in median sales price: Kenilworth (121.6 percent)

  • Most homes sold in January 2014: Naperville (74)

  • Highest median sales price in January 2014 (MORe): Hinsdale ($770,000)

  • Highest median sales price in January 2014 (NSBAR): Winnetka ($1.578 million)

Related: A chart of January sales for all Patch towns in the Chicago area.

Steve Engel February 28, 2014 at 10:39 AM
As a long time Realtor in the area working for Baird and Warner Real Estate, I can tell you that this is a hiccup in the market due to extreme weather conditions. Those conditions not only kept buyers from looking but it kept sellers from listing their property due to weather. This is causing a drop in inventory in the area that will actually help the sellers retain more of their asking price when they do sell. If anyone is interested in finding out their homes market value, they can feel free to contact me at 630 718-3450 or 630-699-8133. Steve Engel, Baird and Warner Real Estate, Broker.
Jello February 28, 2014 at 11:42 AM
Steve, that's hilarious. Housing Bubble 2.0


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