Downers Grove, IL Home Values & Market Trends
Real estate market trends reflect that there have been 861 transactions over the past year in Downers Grove. The median value for residential home transactions that occurred over the previous year is $440,139.01. The number of current listings in Downers Grove is 26, and the percentage of properties for sale in the city is 26.00%. Downers Grove, IL currently has 34 properties in foreclosure, 3 bank owned properties, 4 properties headed for auction, and 26 properties for sale.
Downers Grove, IL Real Estate Market Overview
Housing Market Summary for Downers Grove, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $394.4K | $416.2K | 5.51% |
| Median Sold Price | $406.3K | $416.2K | 2.45% |
| Homes For Sale | 29 | 20 | -31.03% |
| Homes Sold | 625 | 396 | -36.64% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Downers Grove, IL
Browse Homes in Downers Grove, IL
Downers Grove home values range from $24,769 to $3,129,108. The median estimated value of a home in Downers Grove is $440,139.01. The median list price of a home is 357,450, and the total count of properties in the city is 21,207.
- Pre-ForeclosurePre-foreclosure homes account for 0.13% of all residential properties in Downers Grove, IL with 60516 containing 16 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Downers Grove, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $661,064 in 60516 to the lowest home value of $139,011 in 60515.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Downers Grove, IL ranges from the highest value of $334,907 in 60516 to the lowest value of $286,595 in 60515. Bank owned homes and properties account for 0.01% of properties in Downers Grove, IL. There are 2 zips within Downers Grove, IL; 60515 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60516 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Downers Grove, IL. Auction homes and other auction properties account for 0.02% of all properties in Downers Grove, IL. There are 2 zips within Downers Grove, IL; of those zips, the median estimated home value for homes going to auction ranges from $169,900 in 60515 to the lowest value of $129,746 in 60515.
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