2008 Westmont, IL 60559 Real Estate Information - Median Sold vs. Average Sold Price

Here is a quick look at median vs. average sale price in Westmont, IL for 2008:

This is the one graph I just can’t fit the numbers in ’cause they are so large.  So I’ll lay it out for you here:

• Average price in Westmont for January 2008 was $305K and the Median price was $305K.  A difference of $0.  Median price was 100% of Average price and this is based on 7 sales in January.
• Average price in Westmont for February was $376K and the Median was $236K.  A difference of $139K.  Median was 63% of Average and this is based on 8 sales.
• Average price in Westmont for March was $388K and the Median price was $315.  A difference of $73K.  Median was 81% of Average and this based on 7 sales.
• Average price in Westmont for April was $355K and the Median price was $266K.  A difference of $89K.  Median was 75% of average and this is based on 8 sales.
• Average price in Westmont for May was $372K and the Median price was $292K.  A difference of $80K.  Median was 79% of Average and this is based on 16 sales for the month.
• Average price in Westmont for June was $385K and the Median price was $330K.  A difference of $55K.  Median was 86% of Average and this is based on 11 sales for the month.
• Average price in Wetsmont for July was $307K and the Median price was $322K.  A difference of $15K in favor of Median.  Median was 105% of Average and this is based on 10 sales for the month.
• Average price in Westmont for August was $322K and the Median price was $255K.  A difference of $67K.  Median was 79% of Average and this is based off of 15 sales.
• Average price in Westmont for September was $300K and the Median was $320K.  A difference of $20K in favor of Median.  Median was 107% of Average and this is based on 11 sales.
• Average price in Westmont for October was $475K and the Median price was $544K.  A difference of $70K in favor of Median.  Median was 115% of Average and this is based on 6 sales.
• Average price in Westmont for November was $416K and the Median was $360K.  A difference of $56K.  Median was 87% of Average and this is based on 4 sales.
• Average price in Westmont for December was $372K and the Median was $312K.  A difference of $59K.  Median was 84% of Average and this is based on 11 sales.

We were talking in the office about a slight uptick in December and there are the numbers.  11 sales is pretty good….January went back down to 4 but let’s focus on the positive.  What effects these prices is a combination of Days on Market, Months Supply of Inventory and the # of Active, New and Sold listings.

Let me know if you have any questions.  I’d love to put something together specific to your needs.  Also, please subscribe if you’re interested in the blog and spread the word.  Enjoy!