Downers Grove, IL
Housing market overview · Updated weekly
$530,000median sale price
Homes sold
29
Last 12 weeks
Days on market
55
Average pace
Active listings
130
4.5 months supply
Sale-to-list
100.9%
Above asking
The Downers Grove housing market is currently classified as a balanced market with a median sale price of $530,000. Prices have risen 13.5% compared to last year, with homes spending an average of 55 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Downers Grove?
The median home sale price in Downers Grove is $530,000, up 13.5% from last year.
How long do homes stay on market in Downers Grove?
Homes typically spend 55 days on market before going under contract.
Is Downers Grove a buyer's or seller's market?
With 4.5 months of supply, Downers Grove is currently a balanced market.
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