Baird & Warner's Market Report

Downers Grove, IL 60515

Single-Family Homes

www.BairdWarner.com


Downers Grove, IL 60515

Thu Apr 25 2024
This week the median list price for Downers Grove, IL 60515 is $899,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 39. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Downers Grove, IL 60515

Thu Apr 25 2024
This week the median list price for Downers Grove, IL 60515 is $899,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 39. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $899,000
Median Price of New Listings $592,450
Per Square Foot $333
Average Days on Market 127
Median Days on Market 49
Price Decreased 33%
Price Increased 0%
Relisted 13%
Inventory 39
Median Rent
Market Action 41
Slight Seller's Advantage

We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly 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
$1,674,900 3,920 0.25 - 0.5 acre 4 4 1 0 0 126
$1,277,000 3,873 0.25 - 0.5 acre 4 3.5 15 0 2 101
$754,900 2,978 0.25 - 0.5 acre 4 3 69 2 4 21
$457,500 1,322 8,000 - 10,000 sqft 3 2 67 2 3 49