La Grange, IL Market Update May 2013
The real estate market in La Grange, IL is continuing to climb upwards as the inventory of distressed properties is disappearing from the local market. Buyers are realizing that their window to purchase a home near the bottom of the market is closing quickly. The lower inventory and increased demand are working together to drive median home prices up more quickly than anyone expected. It is an excellent time to list your La Grange home for sale. A well-priced home should attract a quick offer in this market. However, there are still deals out there for a buyer who is not afraid to negotiate aggressively. It is more important now than ever to work with an experienced Realtor who is an expert in the La Grange market.
La Grange, IL Real Estate Report Summary
The median list price in May for single family homes for sale in La Grange, IL is $459,900. The list prices increased by 4.54% from the previous month. The price per square foot for listings in the La Grange area is $209.
The median number of days active homes for sale in La Grange have been listed is 47. This is significantly shorter than the national average.
The percent of unoccupied properties is very low in La Grange. It is -8.6% below the national average. The percent of owner occupied properties in La Grange is 12.63% above the national average.
Find Homes For Sale in La Grange, IL
Visit my website to search for homes for sale in La Grange, IL or to be notified when La Grange homes come on the market.
To find out what you La Grange home is worth email me or call me at 773-343-6375.