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
Brokers — List your Company Here
Featured local agent — Downers Grove, IL
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Downers Grove, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Downers Grove, IL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Downers Grove, IL Housing Market
Strong seller's market+4.7% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Downers Grove, IL is worth $509,231, rose 4.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $540,500, +16.5% year over year (through May 2026). With 2.8 months of supply and homes going under contract in about 36 days, Downers Grove is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $509,231 home is about $2,719/mo in principal and interest.
Key numbers for Downers Grove, IL
Typical home value
$509,231
+4.7% in 12 months
Zillow, August 2026
Typical asking rent
$2,187/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$540,500
+16.5% year over year
Redfin, through May 2026
Days on market
36
Average pace
Redfin, through May 2026
Active listings
149
2.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$119,649
Home costs 4.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.3%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Downers Grove a buyer's or seller's market?
Strong seller's market2.8 months of supply36 days on market103.3% of asking
Downers Grove, IL is a strong seller's market, based on 2.8 months of supply and homes selling in about 36 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Downers Grove housing market data show?
Every row below is Redfin's final published month for Downers Grove, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $540,500 |
| Median list price | $508,500 |
| Year-over-year price change | +16.5% |
| Median price per sq ft | $294/sq ft |
| Median days on market | 36 days |
| Active inventory | 149 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 103.3% |
| Homes sold (that month) | 54 |
| New listings (that month) | 74 |
| Listings with a price cut | 8.1% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Downers Grove is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Downers Grove is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Downers Grove home prices moved?
Over the last three years the median sale price in Downers Grove, IL rose 26.4%, from $427,500 to $540,500. The live Zillow value series has rose 4.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 8.1% of Downers Grove listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.8 months while the sale-to-list ratio slips below its current 103.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Downers Grove market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Downers Grove?
Priced off the typical home value of $509,231 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $101,846 | $407,385 | $2,719/mo |
| 5% | $25,462 | $483,770 | $3,228/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,719, that implies roughly $116,510 a year before you add taxes and insurance. The median household in Downers Grove earns $119,649, about $3,139 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.3x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Downers Grove in the next 12 months?
Tell us your timeline. We send the Downers Grove market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Downers Grove?
Typical asking rent in Downers Grove, IL is $2,187/mo, against a typical home value of $509,231. That is a price-to-rent ratio of 19.4x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,719 a month — $531 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Downers Grove?
Active listings in Downers Grove, IL went from 150 in May 2025 to 149 in May 2026, a -0.7% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 151 | 70 |
| July 2025 | 143 | 65 |
| August 2025 | 141 | 61 |
| September 2025 | 131 | 62 |
| October 2025 | 128 | 56 |
| November 2025 | 122 | 40 |
| December 2025 | 95 | 24 |
| January 2026 | 109 | 49 |
| February 2026 | 132 | 53 |
| March 2026 | 102 | 58 |
| April 2026 | 136 | 91 |
| May 2026 | 149 | 74 |
Redfin, through May 2026
How does Downers Grove compare to Illinois and the U.S.?
Downers Grove homes sell for $540,500 — 60% above the Illinois median of $337,900. Against the national median of $410,700, Downers Grove runs 32% higher. Year-over-year, Downers Grove moved +16.5% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Downers Grove, IL | $540,500 | +16.5% | 36 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Downers Grove
What buyers should watch
- Months of supply, currently 2.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 8.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $510 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $509,231 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Downers Grove listing goes under contract in 36 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Downers Grove added 74 new listings against 54 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Downers Grove varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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?
Get connected with a local real estate expert — free, no obligation.
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%
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. Redfin, through May 2026
| 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 |
Who lives in Downers Grove?
American Community Survey estimates for Downers Grove. U.S. Census ACS, 2023
Population
49,867
Households
20,357
Median income
$119,649/yr
Median age
42.6 years
Owner-occupied
75.3%
Median home value
$439,000
Median gross rent
$1,589/mo
Mean commute
27.8 min
75.3% of occupied homes in Downers Grove are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $439,000 against Zillow's $509,231 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,589/mo, below Zillow's $2,187/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Downers Grove, not by size. Compare Downers Grove side by side with any of them.
Which ZIP codes are in Downers Grove?
These are the ZIP codes we see on active Downers Grove listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Downers Grove housing market FAQ
Is Downers Grove a buyer's or seller's market?
Downers Grove, IL is currently a strong seller's market. That read comes from 2.8 months of supply, homes going under contract in about 36 days, and sellers getting 103.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Downers Grove?
The typical home in Downers Grove, IL is worth $509,231 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $540,500, about $294 per square foot.
Is Downers Grove cheaper than the rest of Illinois?
Downers Grove's median sale price of $540,500 is 60% higher than the Illinois statewide median of $337,900, and 32% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Downers Grove?
Homes in Downers Grove, IL spent a median of 36 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Downers Grove?
At the current 30-year fixed rate of 7.03%, 20% down on a $509,231 home is about $2,719 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $116,510 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $119,649.
Are home prices rising in Downers Grove?
The typical home value in Downers Grove, IL rose 4.7% over the last 12 months, from $486,357 to $509,231 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Downers Grove?
Downers Grove ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Downers Grove?
That depends on your timeline, not on a headline. What the data says today: Downers Grove, IL is a strong seller's market with 2.8 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 19.4x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Downers Grove, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Downers Grove
Nearby markets
Get the Downers Grove market brief
Get the Downers Grove, IL market brief
One email: what homes are actually clearing at around $509,231, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.