North And Northwest of Chicago Real Estate : Des Plaines, IL Real Estate Market Trends 2006 ~ 2010

Des Plaines, IL Real Estate Market Trends 2006 ~ 2010

I collected all single family home data about Des Plaines, IL from MLS and made this easy to understand chart so we can see the real estate market trends for the past five years.

As we can see below, there were 738 properties sold in 2010 in Des Plaines, IL with an average market time of 181 days. Average sold price was $170,829

The current average listing price in Des Plaines is $205,020. Slightly higher compared to the average sold price at the end of 2010. As I type the average market time is 187 days and there are more than 250 homes available from $200,000 - $400,000 price range. If you are thinking of buying a home in Des Plaines, don't wait, as we can see there were 558 homes sold in 2008 compared to 738 in 2010. The highest sold home in 2010 was $690,000 while there where more than 30 homes sold from $400,000 and above in 2010.

 

Des Plaines Real Estate

 

If you are thinking of buying or selling in Des Plaines, feel free to contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract. 

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Glenview, IL
real estate market trends 05-09
Morton Grove, IL real estate market trends 05-09
Niles, IL real estate market trends in 2009

Niles, Morton Grove and Glenview will be the next blog posts in 2006 ~ 2010 series.

 

 Visit and choose to subscribe to my North Of Chicago real estate and other stuff blog for real estate market updates of Des Plaines, IL and other neighboring communities.

Contact me for any real estate needs in Chicago's North And Northwest suburbs.
Des Plaines Real Estate on Homes By Haris.

 Haris Dedic, Realtor®, SFR, SRES

With RE/MAX Villager

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Comment balloon 2 commentsHaris Dedic • February 20 2011 03:23PM

Comments

I’ve always wondered, does 187 days on the market mean that the homes are not priced right or that there are no buyers. Perhaps a combination of both?

Posted by Not a real person over 7 years ago

I want to chime in on Russel's comment need to do the Absorbtion Rate and then you know for sure:)))

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 7 years ago

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