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.
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.
Skokie, IL real estate trends 06-10
Mount Prospect, IL real estate trends 06-10
Park Ridge, IL real estate market trends 06-10
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.