Orland Park Home Sales Up Slightly as Chicago Area Hits Six-Year High
Orland Park's real estate market perked up a pinch in September, as the bulk of the Chicago area saw a bump in year-over-year comparisons. See how the village fared compared to nearby towns.
Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report—and most of the Southland saw a similar boost.
Orland Park saw a slight increase in the area, with the number of homes sold increasing from 19 sold in Sept. 2011 to 22 sold in Sept. 2012, according to the Mainstreet Organization of Realtors (MORe). On the down side for Orland's market, the average price of those homes decreased slightly by 3 percent year over year, from $283,942 to $275,318.
Across the Chicago area, the number of homes sold in September rose by 22 percent over September 2011, according to RE/MAX. At 7,396 transactions, it was the busiest September for home sales since 2006.
“We continue to see good news in the Chicagoland housing market,” said Laura Ortoleva, media spokeswoman for the RE/MAX Northern Illinois real estate network. “Sales are up, average days on the market continue to drop and home prices are stabilizing. These are trends everyone likes to see.”
| # of homes sold | Avg. price | |||||
| Town | 2012 | 2011 | % change | 2012 | 2011 | % change |
| CHICAGO HEIGHTS | 19 | 12 | 58.3% | 47,468 | 47,116 | 0.8% |
| EVERGREEN PARK | 17 | 18 | -5.6% | 120,617 | 131,355 | -8.2% |
| FLOSSMOOR | 10 | 9 | 11.1% | 155,600 | 257,055 | -39.5% |
| FRANKFORT | 19 | 16 | 18.8% | 328,805 | 331,031 | -0.7% |
| HOMEWOOD | 14 | 11 | 27.3% | 105,942 | 116,444 | -9% |
| MOKENA | 14 | 11 | 27.3% | 250,285 | 315,318 | -20.6% |
| NEW LENOX | 30 | 15 | 100% | 235,225 | 264,710 | -11.1% |
| OAK FOREST | 15 | 13 | 15.4% | 162,733 | 168,284 | -3.3% |
| OAK LAWN | 33 | 33 | 0% | 181,400 | 162,848 | 11.4% |
| ORLAND PARK | 22 | 19 | 15.8% | 275,318 | 283,942 | -3% |
| PALOS HEIGHTS | 8 | 5 | 60% | 254,612 | 340,400 | -25.2% |
| PALOS HILLS | 4 | 7 | -42.9% | 173,682 | 214,257 | -18.9% |
| PALOS PARK | 7 | 4 | 75% | 262,000 | 303,915 | -13.8% |
| TINLEY PARK | 29 | 14 | 107.1% | 229,024 | 183,507 | 24.8% |
SOURCE: Mainstreet Organization of Realtors
YOUR TURN: What do you think these numbers say about the housing market in Orland? Is it on the upswing for the long haul? Or is this just a short-term blip? Share you thoughts in the comments section.
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