Tinley Park Home Sales Slump in January 2014

Home sales in Tinley Park are down 42 percent from this time last year.

The 16 single, detached homes sold in Tinley Park during January 2014 represented a 42.9 percent decrease from January 2013, when 28 homes were sold, according to statistics provided by the Mainstreet Organization of Realtors and the North Shore-Barrington Association of Realtors.

There were 20 homes sold in Tinley Park during December 2013. 

Meanwhile, the median home sales price decreased in Tinley Park during January. The median price dropped 7.6 percent to $177,500 from $192,000 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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