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. 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

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.

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. 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

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

Never miss important changes in the Downers Grove market.
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