Baird & Warner's Market Report
Downers Grove, IL 60515
Single-Family Homes
www.BairdWarner.com
Downers Grove, IL 60515
Mon Apr 22 2019
This week the median list price for Downers Grove, IL 60515 is $549,450 with the market action index hovering around 23. This is about the same as last month's market action index of 23. Inventory has held steady at or around 204.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $549,450 | |
| Per Square Foot | $242 | |
| Days on Market | 141 | |
| Price Decreased | 38% | |
| Price Increased | 2% | |
| Relisted | 20% | |
| Inventory | 204 | |
| Median House Rent | $2,315 | |
| Most Expensive | $1,995,000 | |
| Least Expensive | $99,000 | |
| Market Action Index Slight Buyer's Advantage | 23 |
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $959,000 | 3,859 | 0.25 - 0.5 acre | 5 | 4 | 12 | 5 | 1 | 184 |
| $675,000 | 3,078 | 0.25 - 0.5 acre | 4 | 3 | 28 | 4 | 4 | 150 |
| $449,900 | 1,860 | 8,000 - 10,000 sqft | 4 | 2 | 58 | 4 | 3 | 102 |
| $279,000 | 1,108 | 8,000 - 10,000 sqft | 3 | 1 | 64 | 1 | 2 | 128 |