Like the city’s summer temperatures, Chicago’s suburban housing market continued to heat up in June with a rising median sales price and fewer days on the market overall, according to The Mainstreet Organization of Realtors’ (MORe) report on the June market.
- Real estate markets continued to grow in 200 communities across DuPage, Lake and suburban Cook Counties.
- The median sale price within the studied Chicago suburbs grew 7.2 percent year-over-year to reach $268,000 in June.
- A total of 4,798 single-family detached homes sold in the Chicago suburbs in June -- an increase of 2.6 percent since June 2015.
- The highest increase of homes sold in the suburbs fell in St. Charles (DuPage) at 25 percent.