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The area I live is suburban Chicago. Elmhurst, where median income according to the last census was $75,000. The city is an older town, dating to 1850. Some homes are pre-ww2, and alot of post ww2 typical tract homes. They are being torn down in favor of building 3000+ sq. ft. homes. Until last year these homes were being built on spec. And selling fast. Alot of the same type homes are now sitting empty. The price of these...700,000 to 1.7 million. My first home I bought for 160,000 in 1999 and sold last august for 250,000. I bought a home in the same area for 340,000. Dont think this is a mansion-it isnt. 2500 sq.ft Its now worth about 400,000. , after a kitchen remodeling and other such improvements. The market is still tight, taking longer to sell but the cost of living in chicago area is higher than anywhere in the midwest.