Real Estate Market Statistics

2016 Real Estate Sales Statistics

I have included areas that are on my mailing list of friends, family and clients.  If your area isn't listed please mention it in the comments section below and I'll add it.  If you'd like to receive an instant home value click here.  Please note that although this home value provider is the most accurate I have used (and I've tried a few), a better market value could be received by filling out this form.  

It's always nice to see positive figures for annual Orland Park homes for sale comparing 2015 to 2016.  This year was a good one!

The number of single family homes sold in Orland Park in 2016 increased by 13.4%

2015 - 486 homes were sold in Orland Park

2016 - 551 homes sold

More good news is that average sale prices increased by 3.1%

2015 - average sale price for homes in Orland Park was $324,145

2016 - average sale price was $334,081

More stats for Orland Park homes sold in 2016 

Average market time in 2016 was 100 days

Average sales price ratio to original list price was 94%

Average sales price ratio to most recent list price was 97%

We live and work in Orland Park so it is our main hub for real estate in the southwest

2015 Real Estate Sales Statistics

The table below will show real estate sales statistics for [detached] single family homes comparing 2014 and 2015. I have tried to list each suburb/area on my mailing list of prior clients. If you'd like to see the stats on another suburb please let me know in the comment section.  The towns with a link will take you to individual stat pages over the years for that particular suburb.

Following is some information from a program called Infosparks, a data gathering company.

February Months Supply of Orland Park Homes For Sale

The chart above tells us that we are close to a Seller's Market.  If this keeps up prices will continue to rise.  Anything from 1-4 months supply of homes denotes a Seller's Market.  5-6 months is a neutral market and more than a 6 month supply is a Buyer's Market.  It's been a busy couple of months with buyers and many are feeling the pinch when they finally decide to make an offer and the house they loved is already under contract.

Days on Market for Orland Park Homes

We had one of our best years in 2014, and I remember having an active winter season.  You can see the change from February

We prefer to get you the year-end stats some time in January or February, but because we've been working on this new site we're running behind.  Year-end stats are available to us from Mainstreet Organization of REALTORS some time in January.  The following statistics are for single family Homer Glen homes.

Amount of Of Homer Glen homes sold:  

• there was a 4.1% decrease in the total amount of Homer Glen homes sold in 2014 compared to 2013
• 2013 - 217 Homer Glen homes sold
• 2014 -  a decrease to 209 sold

Homer Glen home prices:

• prices went up .7% comparing 2013 to 2014
• 2013 - the average price for a single family Homer Glen home was $301,367
• 2014 - the average price jumped to $303,312

The table below shows Homer Glen

My prior post had a lot of data for Orland Park real estate market statistics for 2014.  It was a long post and I decided to create a separate post for the month-by-month comparison.  This is one of my favorite graphs to view at year end since I like to see which months had the most single family Orland Park homes go under contract.

Orland Park Homes Under Contract

The reason I feel this is the most important factor on the graph is to show actual buyer and sales activity from month to month in a given year.  This shows whether seasons and weather really do affect sales.  The months with the highest under contract listings means that was when the most buyers were out looking at Orland Park homes for sale.

The graph above shows us that our

Because we've been working on our new website behind the scenes for a couple months we haven't had a chance to post our year-end sales statistics sooner.  This data is for single family Orland Park homes sold and closed in 2014.

Amount of Of Orland Park homes sold:  

• there was a 6.4% decrease in the total amount of Orland Park homes sold in 2014 compared to 2013
• 2013 - 441 Orland Park homes sold
• 2014 -  a decrease to 413 sold

Orland Park home prices:

• prices went up 3.4% comparing 2013 to 2014
• 2013 - the average price for a single family Orland Park home was $302,827
• 2014 - the average price jumped to $313,081

The table below shows Orland Park homes sold in 2014 broken down by price:

The minimum sale price was

I am happy to announce that for the first time since I've started recording Orland Park real estate sales statistics, 2013 brings increases in both categories - the amount of properties sold and average sale prices.  These increases were for both single family Orland Park homes and attached properties (condos and townhomes).

Not only were there increases, but there were double digit increases in the amount of properties sold as follows:

• 35.4% increase in the amount of single family homes sold in Orland Park in 2013 vs. 2012
• 34.4% increase in Orland Park condos and townhomes sold

A surprise statistic - average sale prices

I'm always kind of surprised each year with sale stats, although we've come to expect decreases in some of the data

Now that I have a 3 person family team we are able to go out of our normal service area which spans around Oak Lawn/Evergreen Park to the northeast, La Grange area to the near west, Lockport, Lemont and New Lenox to the southwest and Oak Forest to the southeast and everything in between. Those are just general parameters and we do go out of them regularly, but for this article we will stick to our smaller area. Here are the top 5 southwest suburbs that we work in with the most amount of single family home sales for 2012:

1. Oak Lawn - 448
2. Orland Park - 325
3. Lockport - 294
4. Frankfort - 275
5. New Lenox - 265

Our Northern IL MLS used to be the largest in the nation and it is still up there. Some states are consolidating into statewide

I was really looking forward to see how 2012 compared with 2011 for the towns I work in the most. Although some figures are better, I don't think last year was as wonderful as some gurus were predicting. Real estate is local and some areas across the nation have shown dramatic increases and well priced homes are receiving multiple offers. The only properties I'm seeing getting multiple offers in this area are low priced foreclosures.

Single Family Orland Park homes

Single family Orland Park homes for sale showed an increase in amount of sales of 15.3%. At least it's a double digit increase.

Unfortunately, prices showed a decrease of of 7.4%. The good news is that 2011's decrease was in double digits, so now we're down to single digits. The