Craig Sebert's Market Report

Downers Grove, IL

Single-Family Homes

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



Downers Grove, IL

Sat Jan 23 2021
This week the median list price for Downers Grove, IL is $550,000 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has held steady at or around 121. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Downers Grove, IL

Sat Jan 23 2021
This week the median list price for Downers Grove, IL is $550,000 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has held steady at or around 121. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $550,000
Per Square Foot $222
Days on Market 138
Price Decreased 45%
Price Increased 6%
Relisted 26%
Inventory 121
Median Rent $2,100
Most Expensive $2,550,000
Least Expensive $105,000
Market Action 39
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$982,500 3,822 0.25 - 0.5 acre 4 4 13 4 8 180
$687,500 2,956 0.25 - 0.5 acre 4 2 25 6 7 134
$450,000 2,325 0.25 - 0.5 acre 4 2 53 8 9 118
$309,900 1,395 0.25 - 0.5 acre 3 2 65 13 15 121