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January Home Sale Prices Up Significantly in Deerfield

Fifty percent more homes were sold in Jan. 2014 than Jan. 2013 and at a much higher median price.

By Michael Sewall

The 12 single, detached homes sold in Deerfield during January 2014 represented a 50 percent increase from January 2013, when just 8 homes were sold, according to statistics provided by the Mainstreet Organization of Realtors and the North Shore-Barrington Association of Realtors.

Meanwhile, the median home sales price increased dramatically in Deerfield during January. The median price went up 90 percent to $530,000 from $279,000 in January 2013, according to the statistics.

“Home prices in suburban Chicago have continued to experience healthy, sustainable growth in the first month of 2014,” said Michael Parent, president of MORe and Vice President of Operations for Burnet Title’s Chicago Region. “One of many factors driving increased prices is a continued lack of inventory, which will likely improve as people come out of hibernation and the market starts breaking open in March or April.”

Top Performers

  • Largest percentage increase in homes sold: Darien (100 percent)
  • Largest percentage increase in median sales price: Kenilworth (121.6 percent)
  • Most homes sold in January 2014: Naperville (74)
  • Highest median sales price in January 2014 (MORe): Hinsdale ($770,000)
  • Highest median sales price in January 2014 (NSBAR): Winnetka ($1.578 million)

Related: A chart of January sales for all Patch towns in the Chicago area. 

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McCloud February 27, 2014 at 08:54 PM
You mean $700 billion is twice as small as most of Obama's 1.5 trillion. Follow me here, billion is quite a bit smaller than trillion.
Walter White February 27, 2014 at 08:57 PM
Took Clinton two terms to get to a surplus, only to be squandered by Sonny Boy. Obama will get there, and set up the Stupid Party for failure AGAIN.
McCloud February 27, 2014 at 09:00 PM
Maybe you need to learn what surplus means, before using it in a sentence. Just a suggestion, since in certain circles you would be known as ill informed. I know that kind of stuff works on shows like the View, but Neil Cavuto would have you for lunch. He's a Fox guy.
Walter White February 27, 2014 at 09:01 PM
LOL
Jon Hall February 28, 2014 at 08:54 AM
I'll informed? C'mon, Walter is the guy who cut a hole in his pants pocket so he could learn to multiply times zero.

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