Craig Sebert's Market Report

Downers Grove, IL

Single-Family Homes

Craig.Sebert@kw.com | (331) 481-3051 | CraigSebert.com



Downers Grove, IL

Sat Jun 12 2021
This week the median list price for Downers Grove, IL is $535,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has increased to 109. Click here to stay informed with the Downers Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Downers Grove, IL

Sat Jun 12 2021
This week the median list price for Downers Grove, IL is $535,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has increased to 109. Click here to stay informed with the Downers Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $535,000
Median Price of New Listings $517,000
Per Square Foot $235
Average Days on Market 98
Median Days on Market 35
Price Decreased 44%
Price Increased 8%
Relisted 26%
Inventory 109
Median Rent $2,000
Market Action 50
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,050,000 4,146 0.25 - 0.5 acre 5 4 11 3 1 84
$685,000 2,892 0.25 - 0.5 acre 4 3 32 4 8 35
$450,000 2,049 0.25 - 0.5 acre 3 2 65 6 4 28
$326,000 1,336 0.25 - 0.5 acre 3 1 63 3 8 28