Baird & Warner's Market Report

Downers Grove, IL 60515

Single-Family Homes

www.BairdWarner.com



Downers Grove, IL 60515

Wed May 27 2020
This week the median list price for Downers Grove, IL 60515 is $569,900 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 151. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Downers Grove, IL 60515

Wed May 27 2020
This week the median list price for Downers Grove, IL 60515 is $569,900 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 151. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $569,900
Per Square Foot $230
Days on Market 185
Price Decreased 41%
Price Increased 1%
Relisted 25%
Inventory 151
Median Rent $2,800
Most Expensive $2,195,000
Least Expensive $150,000
Market Action 30
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$1,069,000 3,983 0.25 - 0.5 acre 4 5 10 2 0 204
$699,949 3,161 0.25 - 0.5 acre 4 3 45 2 1 180
$449,950 2,158 0.25 - 0.5 acre 4 3 64 9 5 170
$283,450 1,271 8,000 - 10,000 sqft 3 1 69 4 1 184