Baird & Warner's Market Report
Downers Grove, IL 60515
Single-Family Homes
www.BairdWarner.com
Downers Grove, IL 60515
Wed Oct 23 2019
This week the median list price for Downers Grove, IL 60515 is $487,000 with the market action index hovering around 26. This is an increase over last month's market action index of 23. Inventory has held steady at or around 174.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $487,000 | |
| Per Square Foot | $229 | |
| Days on Market | 155 | |
| Price Decreased | 70% | |
| Price Increased | 3% | |
| Relisted | 35% | |
| Inventory | 174 | |
| Median House Rent | $2,220 | |
| Most Expensive | $2,295,000 | |
| Least Expensive | $159,900 | |
| Market Action Index Slight Buyer's Advantage | 26 |
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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 |
|---|---|---|---|---|---|---|---|---|
| $1,025,000 | 4,009 | 0.25 - 0.5 acre | 4 | 5 | 9 | 2 | 5 | 176 |
| $622,000 | 2,858 | 0.25 - 0.5 acre | 4 | 3 | 62 | 2 | 9 | 196 |
| $399,450 | 1,716 | 8,000 - 10,000 sqft | 4 | 2 | 69 | 0 | 13 | 115 |
| $262,450 | 1,332 | 0.25 - 0.5 acre | 3 | 2 | 66 | 3 | 14 | 134 |