Community Corner
Homes Prices on Rise in Arlington Heights
While home prices appear to be on the rise in Arlington Heights, several other suburbs throughout the Chicago area continue to see prices hold steady or continue to drop, according to Crain's Chicago Business.
The housing market appears to be rebounding in Arlington Heights as home prices saw a notable rise over the past year, according to a Crain's interactive map on area housing prices.
The one-year change in prices for Arlington Heights home prices increased by 4.7 percent and the median home price in 2012 was $325,000, according to Crain's. Still, the five year change in prices is at a deficit. In Arlington Heights, the cost of a home is on average 25.5 percent less today than it was five years ago, according to Crain's interactive map.
The Chicago suburb that saw the biggest increase is Austin — located just west of the city — which saw a 16.6 percent change over the past year in home prices while Palos Park saw the largest decrease in home prices at -6.2 percent, according to a different Crain's graphic.
Check out Crain's interactive map to see how other area suburbs compare and to learn more about home prices throughout the area.
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