At the end of 2019, the Conservancy reported on a record-breaking year for Wright house sales, noting a large number of Wright homes that had changed hands that year.
Despite the pandemic, the active market for Wright houses has continued, with fourteen sales in 2020 and thirteen in 2021. At the end of 2021, there were only two houses listed on Wright on the Market, the Lykes House in Phoenix and the Freeman House in Los Angeles. This small number of available Wright houses was unprecedented in the Conservancy’s recent history of tracking real estate.
While the 2019 sale of Wright’s Ennis House (Los Angeles, 1924) for $18 million set a record house sale amount, prices in 2021 have been much more affordable. Of the thirteen sales in 2021, only two were over $2 million: the Thaxton House in Bunker Hill Village, Texas, which includes a very large non-Wright addition, and the Jones House in Tulsa, one of Wright’s large house designs.
The other houses sold in 2021 were all in the Midwest, and all in the $1-$2 million range:
- The Harper House, fronting Lake Michigan, in St. Joseph, Michigan
- The Bagley House in affluent Hinsdale, Illinois
- The Carr House in Glenview, Illinois
Seven houses–over half of those sold–went for less than $1,000,000. In Indiana, the DeRhodes House in South Bend and the Armstrong House in Ogden Dunes changed hands. In Illinois, the Gregory House in Wilmette and the Nichols House in Flossmoor found new owners. Ohio, Michigan and Iowa each had a sale under $1 million, with the Boulter House in Cincinnati, the McCartney House in Kalamazoo and the Alsop House in Oskaloosa.
It is worth pointing out that the DeRhodes house, which was protected by a preservation easement donated by its previous owner, sold in less than three weeks at a sale price over its asking price. The Conservancy encourages all Wright building stewards to consider protecting their buildings through strong local landmark designation or the donation of a preservation easement. Contact us at 312.663.5500 or email@example.com for more information.
Posted February 18, 2022