Baird & Warner's Market Report

Downers Grove, IL 60515

Single-Family Homes

www.BairdWarner.com



Downers Grove, IL 60515

Fri Nov 22 2019
This week the median list price for Downers Grove, IL 60515 is $525,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has held steady at or around 148. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Downers Grove, IL 60515

Fri Nov 22 2019
This week the median list price for Downers Grove, IL 60515 is $525,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has held steady at or around 148. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $525,000
Per Square Foot $226
Days on Market 182
Price Decreased 60%
Price Increased 6%
Relisted 35%
Inventory 148
Median Rent $2,350
Most Expensive $2,295,000
Least Expensive $149,900
Market Action 27
Slight Buyer's Advantage

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$999,000 4,137 0.25 - 0.5 acre 4 5 11 2 2 204
$669,990 3,001 0.25 - 0.5 acre 4 3 51 2 2 203
$399,900 1,980 0.25 - 0.5 acre 4 3 63 2 10 174
$275,000 1,338 8,000 - 10,000 sqft 3 2 69 5 9 144