Baird & Warner's Market Report

Downers Grove, IL 60515

Single-Family Homes

www.BairdWarner.com



Downers Grove, IL 60515

Mon Jan 20 2020
This week the median list price for Downers Grove, IL 60515 is $499,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has held steady at or around 123. Click here to stay informed with the Downers Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Downers Grove, IL 60515

Mon Jan 20 2020
This week the median list price for Downers Grove, IL 60515 is $499,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has held steady at or around 123. Click here to stay informed with the Downers Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $499,000
Per Square Foot $230
Days on Market 208
Price Decreased 41%
Price Increased 9%
Relisted 24%
Inventory 123
Median Rent $2,118
Most Expensive $2,295,000
Least Expensive $179,000
Market Action 29
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,082,969 4,129 0.25 - 0.5 acre 4 5 7 1 0 215
$650,000 2,930 0.25 - 0.5 acre 4 3 31 2 1 239
$385,000 1,688 0.25 - 0.5 acre 4 2 64 1 3 198
$260,000 1,208 8,000 - 10,000 sqft 3 1 69 0 1 178