Sales in Chicagoland’s suburbs were positive in May, but what communities saw the most sales activity?
Earlier this week, Chicago Agent reported that home sales in the Chicagoland area rose 7 percent year-over-year in May, with sales in the area’s suburban housing markets rising 9.2 percent.
What specific suburban housing markets, though, saw the greatest sales activity in May? To find out, we combed through exclusive numbers from Redfin and the Mainstreet Organization of Realtors, and put together the following graphs.
Below were May’s top-selling suburbs:
As usual, Aurora and Naperville were at the top of the pack, though home sales in those communities were up 28.9 and 27.5 percent from April to May, respectively.
The most dramatic increase, though, occurred in Plainfield, where sales jumped 64.1 percent and vaulted the suburb into the No. 3 slot. Also of note were Joliet, where sales rose 47.7 percent, and Arlington Heights, where sales rose 33 percent.
The graph below features the Chicagoland’s suburbs with the most single-family sales:
The top slots in the single-family rankings always mirror the overall housing market closely, given single family’s prominence in suburban housing markets. That said, the markets of Crystal Lake, St. Charles and Oswego joined the fray, and there were still notable increases in home sales for several areas, including Plainfield (up 65.5 percent), Arlington Heights (50.8 percent) and St. Charles (up 26.8 percent).
The scenery changes a bit, though, for the condo/townhome marketplace:
Schaumburg and Evanston now complete the top five, and Orland Park, Oak Park and Glenview also join the ranks.
From April, condo/townhome sales were up 51.9 percent in Aurora, 48 percent in Naperville and 37.1 percent in Des Plaines.
This is just a ranking of which towns have the most housing stock, correct? If you are looking for a barometer of which towns have the best price appreciation, or best place to invest…you should measure current prices to last month’s or last year’s. Thanks
Thanks for your comment, Marc! We realized that same limitation a few months back, so we started publishing complementary reports that look at time on market and housing inventory. Here’s a recent example: https://chicagoagentmagazine.com/the-10-most-competitive-housing-markets-in-suburban-chicago/.