Downers Grove Market Report · IL Home Values
Downers Grove, IL holds about 21,527 homes, with a median year built of 1974. Downers Grove is in DuPage County. The median home was built in 1974. The housing mixes single-family detached homes and multi-unit buildings. The train from Downers Grove Main Street station reaches the Loop in about 45 minutes. Lisle lies to the west.
The Downers Grove median sold price stands at $553,237, up 21.6% over 11 months. 621 homes closed over the period, averaging 101.7% of list price most recently, with a median 48 days on market.
Read the trend, not the single month. Downers Grove pricing follows preparation and seasonality more than it follows rate news, and the spread between prepared and unprepared homes is wider than the median suggests. A street-level read is a different number from the one above, and the table below is where it starts.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
Downers Grove by the month
12 months of Downers Grove closings. Each panel is one series; the table carries every figure.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
Twelve months of Downers Grove closings
| Month | Median sold | Closed | New listings | Median days on market | List-to-sale |
|---|---|---|---|---|---|
| 11 months ago | $455,000 | 57 | 60 | 44 | 100.9% |
| 10 months ago | $445,000 | 52 | 54 | 46 | 100% |
| 9 months ago | $442,500 | 47 | 41 | 46 | 99.5% |
| 8 months ago | $477,000 | 37 | 40 | 54 | 99.4% |
| 7 months ago | $503,500 | 34 | 43 | 57 | 99.7% |
| 6 months ago | $525,000 | 43 | 56 | 56 | 100.6% |
| 5 months ago | $520,000 | 51 | 69 | 50 | 100.9% |
| 4 months ago | $520,000 | 60 | 72 | 46 | 101.6% |
| 3 months ago | $530,250 | 65 | 77 | 41 | 102.2% |
| 2 months ago | $535,250 | 65 | 73 | 40 | 102.6% |
| 1 month ago | $550,000 | 62 | 68 | 43 | 102.7% |
| Latest | $553,237 | 48 | 65 | 48 | 101.7% |
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
What the Downers Grove numbers say
The median Downers Grove home sold for $553,237, up 21.6% from $455,000 eleven months earlier.
The median home spent about seven weeks on the market and homes closed at 101.7% of list price. That is 4 days slower than eleven months earlier.
At the pace of the last three months, the 164 homes on the market in Downers Grove represent about 2.8 months of supply: less than four months, which is the range where prepared homes tend to clear quickly and buyers have little room to wait.
Buyers have room to read a listing's history before writing, and a price that has sat is a price worth asking about. Sellers are getting close to their asking price, which usually means the price was set against recent comparable sales rather than against what neighbors are asking.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
Sold roundup
Recent Downers Grove closings.
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