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Still ‘crazy,’ but less so: Low inventory, high interest rates push local home prices to record

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Theresa and Gabriel Wisland bought this house on Clover Chase Circle in late July. Looking at ranch homes, which were “few-and-far between,” Theresa Wisland said, they were unsuccessful bidders on one home before buying on Clover Chase. (Independent photo by Ken Farver)

Back in 2006, just before the real estate market crash flattened prices, the median price for a detached, single-family home in the 60098 ZIP code was $240,000. In the past six months, the median price was $317,500, said Keller Williams Success Realty agent Rich Toepper, tapping statistics from Midwest Real Estate Data. A combination of […]

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Picture of Susan W. Murray

Susan W. Murray

Susan W. Murray wrote for The Independent, covering various beats, from 2005 to 2008, returning to the paper as a writer in 2018. A 26-year resident of Woodstock, she taught English, American history, and religion to junior high students at St. Mary School for nine years.
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Picture of Susan W. Murray

Susan W. Murray

Susan W. Murray wrote for The Independent, covering various beats, from 2005 to 2008, returning to the paper as a writer in 2018. A 26-year resident of Woodstock, she taught English, American history, and religion to junior high students at St. Mary School for nine years.
All Posts
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