New Listing
21
$225,000
505 Redondo Dr Apt 407
Downers Grove, IL 60516
2 bd1 ba1,084 sqft$208/ft²
Condo
Gary Barnes · Compass
View photos & details
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Sarah Mitchell
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Compass Real Estate · Downers Grove, IL
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Downers Grove, IL(512) 555-0184TX License #0512847
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Downers Grove, IL Housing Market & Real Estate
Strong seller's market+16.5% YoY
Housing market overview · Updated monthly ·
$540,500median sale price
How is the Downers Grove, IL housing market right now?
The median home sale price in Downers Grove, IL is $540,500, up 16.5% year-over-year. Homes sell in an average of 36 days with 149 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Downers Grove a buyer's or seller's market?
Strong seller's market2.8 months of supply36 avg. days on market
Downers Grove, IL is currently a strong seller's market, based on 2.8 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
54
Last 12 weeks
Days on market
36
Average pace
Active listings
149
2.8 months supply
Sale-to-list
103.3%
Above asking
What does the Downers Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $540,500 |
| Median list price | $508,500 |
| Year-over-year price change | +16.5% |
| Average days on market | 36 days |
| Active inventory | 149 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 103.3% |
| Median price per sq ft | $294/sq ft |
| Homes sold (latest month) | 54 |
| New listings (latest month) | 74 |
| Listings with a price cut | 8.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Downers Grove by property type?
How the Downers Grove, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $605,000 | $320/sq ft | 36 | 30 days |
| Condo / Co-op | $203,500 | $192/sq ft | 10 | 45 days |
| Townhouse | $423,500 | $230/sq ft | 8 | 44 days |
Source: Redfin · Updated monthly
The Downers Grove housing market is currently classified as a strong seller's market with a median sale price of $540,500. Prices have risen 16.5% compared to last year, with homes spending an average of 36 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Downers Grove
There are currently 149 homes listed for sale in Downers Grove, Illinois. The median listing price is $509K. Featured listings range from $225,000 to $1,650,000.
New Listing
33
$319,000
1868 Brighton St
Downers Grove, IL 60516
2 bd2 ba1,394 sqft$229/ft²
Townhouse
Marina Jacobson · Berkshire Hathaway HomeServices Chicago
View photos & details
New Listing
28
$385,000
5429 Benton Ave
Downers Grove, IL 60515
3 bd1 ba1,557 sqft$247/ft²
House6,569 sqft lot
Jamie Fudym · Berkshire Hathaway HomeServices Chicago
View photos & details
New Listing
$424,900
935 Burlington Ave Unit 304
Downers Grove, IL 60515
1 bd2 ba1,167 sqft$364/ft²
Condo
Jerome Goergen · Goergen Realty LLC
View photos & details
New Listing
28
$499,000
4714 Highland Ave
Downers Grove, IL 60515
3 bd2 ba1,931 sqft$258/ft²
House
Lauren Walz · Coldwell Banker Realty
View photos & details
New Listing
20
$594,900
5940 Carpenter St
Downers Grove, IL 60516
3 bd3 ba1,682 sqft$354/ft²
House8,712 sqft lot
Adrian Martinez · Realty ONE Group Karmma
View photos & details
New Listing
$615,000
1246 Warren Ave
Downers Grove, IL 60515
3 bd3 ba1,472 sqft$418/ft²
House8,276 sqft lot
Sabrina Glover · Platinum Partners Realtors
View photos & details
New Listing
28
$650,000
7113 Dunham Rd
Downers Grove, IL 60516
4 bd3 ba2,600 sqft$250/ft²
House
Patty Wardlow · @properties Christie's International Real Estate
View photos & details
New Listing
85
$685,000
6831 Plymouth Rd
Downers Grove, IL 60516
5 bd3 ba2,655 sqft$258/ft²
House
Karen Reicher · RE/MAX Enterprises
View photos & details
New Listing
$725,000
Address unavailable
Downers Grove, IL 60515
3 bd3 ba2,059 sqft$352/ft²
House
Eileen Kenah · Keller Williams Experience
View photos & details
New Listing
15
$899,000
525 36th St
Downers Grove, IL 60515
4 bd4 ba4,251 sqft$211/ft²
House
Katherine Karvelas · @properties Christie's International Real Estate
View photos & details
New Listing
32
$1,650,000
4620 Stonewall Ave
Downers Grove, IL 60515
4 bd5 ba3,313 sqft$498/ft²
House12,197 sqft lot
Joanna Matthies · @properties Christie's International Real Estate
View photos & details
Looking to buy in Downers Grove?
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Active listings
149
Homes on market
Median list price
$509K
Avg. days on market
36
Days until sale
New this week
74
Newly listed
Price drops:8.1%of listings
Sale-to-list:103.3%
Who lives in Downers Grove?
Population
49,867
Median income
$119,649/yr
Median age
42.6 years
Owner-occupied
75.3%
College grads
58.8%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Downers Grove?
Zillow home value
$514,191
Zillow rent index
$2,264/mo
Price-to-rent ratio
18.9x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Downers Grove?
Downers Grove is a community of approximately 50K residents with a median age of 42.6 years.The median household income is $119,649, which reflects a relatively affluent area with strong earning potential. 58.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 75.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Downers Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Downers Grove?
17 schools tracked · 10,280 students
The largest public schools serving Downers Grove, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Comm H S Dist 99 - South High Sch
Grades 9-12 · 2,604 students
Comm H S Dist 99 - North H S
Grades 9-12 · 2,104 students
Herrick Middle School
Grades 7-8 · 626 students
Lester Elem School
Grades PK-6 · 546 students
O Neill Middle School
Grades 7-8 · 438 students
Hillcrest Elem School
Grades PK-6 · 372 students
Lakeview Jr High School
Grades 6-8 · 370 students
Highland Elem School
Grades PK-6 · 366 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Downers Grove, IL?
Want a head-to-head view? Compare Downers Grove side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Downers Grove?
Is Downers Grove a good real estate investment market?
For investors evaluating Downers Grove, the price-to-rent ratio of 18.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 16.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Downers Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Downers Grove's median home price.
Frequently asked questions
What is the average home price in Downers Grove?
The median home sale price in Downers Grove is $540,500, up 16.5% from last year.
How long do homes stay on market in Downers Grove?
Homes typically spend 36 days on market before going under contract.
What is the median income in Downers Grove?
The median household income is $119,649 per year.
Is Downers Grove a buyer's or seller's market?
With 2.8 months of supply, Downers Grove is currently a strong seller's market.
How many homes are for sale in Downers Grove?
There are currently 149 homes listed for sale in Downers Grove, IL.
What is the Zillow home value estimate for Downers Grove?
The Zillow Home Value Index (ZHVI) for Downers Grove is $514,191, representing the typical home value in the area.
What is the median condo price in Downers Grove?
The median condo/co-op sale price in Downers Grove, IL is $203,500, compared to $605,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Downers Grove?
The median single-family home price in Downers Grove, IL is $605,000 (about $320 per square foot).
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