Hinsdale has long been known for its seemingly constant conversions from teardowns to new construction of ever increasing larger homes. If you’re planning on selling your home in Hinsdale, here are some quick current market trend figures that may help you:
The overall median price of homes that have sold in Hinsdale over the last 2 years has risen from approximately $825,000 in January 2005 to just over $1,000,000+ in January 2007.
The average days on market for all single family homes in Hinsdale have been slowly rising since January 2005 with the average market time being around 55 days. Two years later, in January 2007 that number has risen to 120+ days. This may primarily be due to the fact that many of the homes in Hinsdale are in the upper end of home price ranges, which typically take a longer time to sell due to the smaller sized market and need for higher priced homes.
Hinsdale homes priced at $600,000 or less had an average days on market high of 90 days in June of 2005 which dropped to a low of less than 20 days in June of 2006 but most recently as of January 2007 has trended back up to 90 days again.
If you’re beginning to search for a home in Hinsdale you will find a large variety of architectural styles and price ranges. You’ll find the largest and most expensive homes closer to its downtown area and along/near County Line Road. With less expensive more affordable homes located further out near Hinsdale’s village limits and un-incorporated portions of Hinsdale.