Craig Sebert's Market Report

Downers Grove, IL

Single-Family Homes

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



Downers Grove, IL

Fri Apr 23 2021
This week the median list price for Downers Grove, IL is $544,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 82. 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

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

Fri Apr 23 2021
This week the median list price for Downers Grove, IL is $544,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 82. 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

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 $544,000
Per Square Foot $229
Days on Market 42
Price Decreased 28%
Price Increased 2%
Relisted 20%
Inventory 82
Median Rent $1,853
Most Expensive $1,750,000
Least Expensive $199,000
Market Action 49
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,125,000 3,925 0.25 - 0.5 acre 4 4 8 1 1 59
$697,000 3,162 0.25 - 0.5 acre 4 3 16 2 0 98
$475,000 2,508 0.25 - 0.5 acre 4 2 52 8 3 21
$350,000 1,359 8,000 - 10,000 sqft 3 2 66 9 5 14