Baird & Warner's Market Report

Downers Grove, IL 60515

Single-Family Homes

www.BairdWarner.com



Downers Grove, IL 60515

Wed Oct 23 2019
This week the median list price for Downers Grove, IL 60515 is $487,000 with the market action index hovering around 26. This is an increase over last month's market action index of 23. Inventory has held steady at or around 174. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Downers Grove, IL 60515

Wed Oct 23 2019
This week the median list price for Downers Grove, IL 60515 is $487,000 with the market action index hovering around 26. This is an increase over last month's market action index of 23. Inventory has held steady at or around 174. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $487,000
Per Square Foot $229
Days on Market 155
Price Decreased 70%
Price Increased 3%
Relisted 35%
Inventory 174
Median House Rent $2,220
Most Expensive $2,295,000
Least Expensive $159,900
Market Action Index
Slight Buyer's Advantage
26

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,025,000 4,009 0.25 - 0.5 acre 4 5 9 2 5 176
$622,000 2,858 0.25 - 0.5 acre 4 3 62 2 9 196
$399,450 1,716 8,000 - 10,000 sqft 4 2 69 0 13 115
$262,450 1,332 0.25 - 0.5 acre 3 2 66 3 14 134