Community Corner
Orland Park Homes Sales Rise, Prices Continue Downward in 2013
Orland Park saw a solid rise in home sales compared to Jan. 2012, but median prices went down again, compared to both Jan. 2012 and Dec. 2012, according to the Mainstreet Organization of Realtors.
The 30 detached, single-family homes sold in Orland Park during January was noticeably higher than January 2012, when five homes were sold, according to the Mainstreet Organization of Realtors (MORe).
But the median house price paints a different picture, with prices sharply heading downward. In January 2012, the median cost for house was about $345,000 in the village, while last month the median cost was about $237,750, a drop in price of about 31.1 percent, according to MORe.
In Dec. 2012, .
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The market for detached, single-family homes in suburbs throughout the Southland saw growth in January, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
Evergreen Park saw the largest percent increase, with 850 percent more homes sold year over year in January. There were 19 homes sold that month in 2013 and 2 in 2012.
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Palos Hills had the greatest drop, with 57.1 percent fewer homes sold year over year. That shakes out to 3 homes sold during January 2013 compared to 7 sold in January 2012. (It's worth noting the particularly small sample size.)
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.”
70,000
55,000
27.3% EVERGREEN PARK 19 2 850%125,100
159,995
-21.8% FLOSSMOOR 7 4 75%215,000
147,750
45.5% FRANKFORT 17 12 41.7%280,000
297,500
-5.9% HOMEWOOD 19 18 5.6%89,000
89,950
237,750
302,000
-21.3% NEW LENOX 12 11 9.1%242,500
220,000
10.2% OAK FOREST 18 16 12.5%135,000
157,555
-14.3% OAK LAWN 27 2128.6%
150,000
155,000
-3.2% ORLAND PARK 30 5 500%237,750
345,000
-31.1% PALOS HEIGHTS 8 3 166.7%229,950
100,000
130% PALOS HILLS 3 7 -57.1%290,000
175,000
340,000
280,000 21.4% TINLEY PARK28
10 180%192,000
159,950
20%SOURCE: Mainstreet Organization of Realtors.
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