Altos Market Data for Realtors

Downers Grove, IL

Single-Family Homes

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Downers Grove, IL

Tue Sep 21 2021
This week the median list price for Downers Grove, IL is $448,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 137. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Downers Grove, IL

Tue Sep 21 2021
This week the median list price for Downers Grove, IL is $448,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 137. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Downers Grove market.
Median List Price $448,000
Median Price of New Listings $415,000
Per Square Foot $219
Average Days on Market 89
Median Days on Market 49
Price Decreased 47%
Price Increased 7%
Relisted 28%
Inventory 137
Median Rent $2,150
Market Action 40
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$882,500 3,624 0.5 - 1 acre 4 3 15 5 2 73
$520,000 2,750 0.25 - 0.5 acre 4 2 53 6 5 56
$389,950 1,875 0.25 - 0.5 acre 3 2 54 6 3 21
$314,000 1,430 0.25 - 0.5 acre 3 2 64 10 4 28