Altos Market Data for Realtors
Downers Grove, IL
Single-Family Homes
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Downers Grove, IL
Mon May 29 2023
This week the median list price for Downers Grove, IL is $723,494 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has increased to 66.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $723,494 | |
| Median Price of New Listings | $575,000 | |
| Per Square Foot | $283 | |
| Average Days on Market | 132 | |
| Median Days on Market | 42 | |
| Price Decreased | 26% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 66 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,419,950 | 3,995 | 0.25 - 0.5 acre | 5 | 4.5 | 0 | 1 | 0 | 122 |
| $824,950 | 2,792 | 0.25 - 0.5 acre | 4 | 3.5 | 14 | 5 | 0 | 28 |
| $575,000 | 2,666 | 0.25 - 0.5 acre | 4 | 2.5 | 56 | 6 | 3 | 14 |
| $399,000 | 1,536 | 0.25 - 0.5 acre | 4 | 2 | 70 | 5 | 1 | 42 |