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December Home Sales: Plainfield Real Estate Market Continues Upward Trend

Sales, median price are up compared with a year ago.

The 81 detached, single-family homes sold in Plainfield during December represented a 9.5 percent increase over December 2011, according to the Mainstreet Organization of Realtors (MORe).

There were 92 homes sold in Plainfield during November.

The median price of homes sold in December ($195,101) also represented an increase, rising 1.5 percent compared to the median price of homes sold a year ago ($192,250). 

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

Minooka saw the largest percent increase, with 71.4 percent more homes sold in December 2012 than in December 2011. Channahon saw the largest percent drop, with 38.5 percent fewer homes sold year over year in December.

Overall across the Chicago suburbs, sales of single-family detached homes rose 17.1 percent in December over the same month in 2011, according to MORe. 

MORe predicts January will be another month of local housing market growth, as the number of detached homes under contract in December 2012 was 58.3 percent higher than in December 2011. 

“We are cautiously optimistic for 2013, but that doesn’t mean people should wait to take advantage of this market,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “Interest rates will rise as the economy improves, making it more expensive to finance the purchase of a home.”

# of homes sold Median price Town 2012 2011 % change 2012 2011 % change BOLINGBROOK 56 58 -3.5%

162,750

134,000

21.5% CHANNAHON 8 13 -38.5%

176,500

160,625

9.9% JOLIET 83 72 15.3%

105,000

73,500

42.9% MINOOKA 12 7 71.4%

162,000

150,000

8% MONTGOMERY 31 28 10.7%

148,000

136,198

8.7% OSWEGO 32 27 18.5%

218,555

210,000

4.1% PLAINFIELD 81 74 9.5%

195,101

192,250

1.5% ROMEOVILLE 31 21 47.6%

140,000

122,000

14.8% SHOREWOOD 15 15 0%

197,000

201,150

-2.1% YORKVILLE 24 17 41.2%

183,500

200,000 -8.3%

Source: Mainstreet Organization of Realtors

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