Baird & Warner's Market Report
Downers Grove, IL 60515
Single-Family Homes
www.BairdWarner.com
Downers Grove, IL 60515
Wed May 27 2020
This week the median list price for Downers Grove, IL 60515 is $569,900 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 151.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $569,900 | |
| Per Square Foot | $230 | |
| Days on Market | 185 | |
| Price Decreased | 41% | |
| Price Increased | 1% | |
| Relisted | 25% | |
| Inventory | 151 | |
| Median Rent | $2,800 | |
| Most Expensive | $2,195,000 | |
| Least Expensive | $150,000 | |
| Market Action | 30 | |
| Slight Seller's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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 |
|---|---|---|---|---|---|---|---|---|
| $1,069,000 | 3,983 | 0.25 - 0.5 acre | 4 | 5 | 10 | 2 | 0 | 204 |
| $699,949 | 3,161 | 0.25 - 0.5 acre | 4 | 3 | 45 | 2 | 1 | 180 |
| $449,950 | 2,158 | 0.25 - 0.5 acre | 4 | 3 | 64 | 9 | 5 | 170 |
| $283,450 | 1,271 | 8,000 - 10,000 sqft | 3 | 1 | 69 | 4 | 1 | 184 |