Baird & Warner's Market Report
Downers Grove, IL 60515
Single-Family Homes
www.BairdWarner.com
Downers Grove, IL 60515
Sat Aug 17 2019
This week the median list price for Downers Grove, IL 60515 is $449,900 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 211.
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
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $449,900 | |
| Per Square Foot | $227 | |
| Days on Market | 136 | |
| Price Decreased | 63% | |
| Price Increased | 1% | |
| Relisted | 31% | |
| Inventory | 211 | |
| Median House Rent | $2,220 | |
| Most Expensive | $2,295,000 | |
| Least Expensive | $169,900 | |
| Market Action Index Slight Buyer's Advantage | 25 |
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $949,950 | 3,826 | 0.25 - 0.5 acre | 4 | 4 | 12 | 3 | 1 | 173 |
| $575,000 | 2,663 | 0.25 - 0.5 acre | 4 | 3 | 50 | 2 | 4 | 146 |
| $379,900 | 1,609 | 8,000 - 10,000 sqft | 3 | 2 | 62 | 3 | 6 | 99 |
| $264,900 | 1,200 | 8,000 - 10,000 sqft | 3 | 1 | 68 | 3 | 3 | 126 |