Baird & Warner's Market Report

Downers Grove, IL 60515

Single-Family Homes

www.BairdWarner.com



Downers Grove, IL 60515

Mon Jun 17 2019
This week the median list price for Downers Grove, IL 60515 is $496,900 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 218. Click here to stay informed with the Downers Grove market!

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 shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Downers Grove, IL 60515

Mon Jun 17 2019
This week the median list price for Downers Grove, IL 60515 is $496,900 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 218. Click here to stay informed with the Downers Grove market!

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 shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $496,900
Per Square Foot $236
Days on Market 138
Price Decreased 54%
Price Increased 0%
Relisted 26%
Inventory 218
Median House Rent $2,390
Most Expensive $1,875,000
Least Expensive $179,900
Market Action Index
Slight Buyer's Advantage
25

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
$952,500 3,841 0.25 - 0.5 acre 5 4 12 1 2 200
$625,000 2,871 0.25 - 0.5 acre 4 3 50 4 3 142
$420,000 1,884 8,000 - 10,000 sqft 4 2 63 2 3 91
$275,000 1,200 8,000 - 10,000 sqft 3 1 68 7 1 120