Key indicators of the residential real estate market in a bellwether community in the near western suburbs of Chicago

Hinsdale is a bellwether community in the sense that what happens in Hinsdale IL tends to be fairly representative of the small villages which surround it in the near western suburbs of Chicago. These towns include Clarendon Hills, Western Springs, La Grange, Burr Ridge, Westmont, Oak Brook, Elmhurst, Downers Grove and Burr Ridge.

As of today, per MLS data, there are 360 active property listings in the town of Hinsdale. These house listings have an average market exposure time of 216 days. The median asking price is $1,049,000 whereas the average list price is $1,434,344.

Of these aforementioned home listings, 22 are under contract. These "under contract" properties have an average market exposure time of 221 days.

In 2007 year-to-date, Hinsdale has 137 sold properties. Their average marketing time was 210 days. The median sold price was $1,045,000 and the average sales price was $1,208,461.

This information was extracted from the MLSNI. This information is considered reliable, but is not guaranteed.  

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