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. 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 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.

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. 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 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

Never miss important changes in the Downers Grove market.
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