Baird & Warner's Market Report

Downers Grove, IL 60515

Single-Family Homes

www.BairdWarner.com


Downers Grove, IL 60515

Tue Jul 01 2025
This week the median list price for Downers Grove, IL 60515 is $555,000 with the market action index hovering around 53. This is less than last month's market action index of 62. Inventory has held steady at or around 42. 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

Market Narrative

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 60515

Tue Jul 01 2025
This week the median list price for Downers Grove, IL 60515 is $555,000 with the market action index hovering around 53. This is less than last month's market action index of 62. Inventory has held steady at or around 42. 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

Market Narrative

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 $555,000
Median Price of New Listings $509,950
Per Square Foot $293
Average Days on Market 56
Median Days on Market 21
Price Decreased 21%
Price Increased 2%
Relisted 26%
Inventory 42
Median Rent
Market Action 53
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$1,495,000 4,944 0.25 - 0.5 acre 5 4.5 18 2 4 14
$682,450 2,347 - 4 3 78 2 0 45
$514,700 1,848 - 3 2 66 3 0 7
$412,499 1,395 0 - 4,500 sqft 3 1.8 72 3 0 24