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Local News

Home sales fairly consistent from last month, lagging behind last year

LEMONT – Total home sales and median sale prices for Lemont in June were slightly down from last month and even more down from June 2013, according to data from the Mainstreet Organization of Realtors.

Fourteen homes were sold in Lemont in June, according to the data, two less than in May and eight less than in June 2013.

The median sale price for June was $308,750 – a 5.1 percent decrease from May and a 14.9 percent decrease from June 2013.

The May home sales saw a similar decline compared to May 2013 in number of homes sold, but the median sale price for May 2013 was up by 1.6 percent from the previous year.

For two nearby southwest suburban Cook County towns, the number of home sales was also down for June. Sales were down from 32 to 30 in Homer-Lockport and 22 to 17 in Homer Glen.

The median sale price was down by 18.1 percent in Homer-Lockport but up by 2.3 percent in Homer Glen.

In Woodridge, home sales were steady from May to June, but median home prices saw a 19 percent increase over the same time period.

In June, 19 homes were sold in town at a median price of $299,900 – up from $252,500 in May, when 22 homes sold.

June's 19 home sales in Woodridge is down compared to 28 homes sold in June 2013, according to the data. Those numbers continue a decreasing trend in overall sales by month – 30 homes sold in May 2013 and 22 in May 2014.

In Downers Grove, home sales were down in June from the previous month, and lagged behind the same month's totals from 2013.

Data showed that 52 single family homes were sold in June in Downers Grove, three less than in May, and 10 less than a year ago, a 16 percent decrease.

The median sales price did increase this June over last June, though it showed a slight dip from the previous month. The price increased from $306,500 to $320,500, a 4.6 percent jump. May 2014's figure was $349,900, 8.4 percent higher.

The year-over-year numbers continued the trend from the previous month, when slightly less homes sold in Downers Grove compared to the same month in 2013, but the homes that did sell did so at a higher price, on average.

In May 2013, 71 homes sold at a median price of $335,000.

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