Is Downers Grove Gardens, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downers Grove Gardens is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Downers Grove Gardens was a Seller's Market.

Key Takeaway

Downers Grove Gardens is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Downers Grove Gardens, IL

How much do homes in Downers Grove Gardens, IL cost?

Median Sold Price

$348,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$17,000(-4.7%)

Key Takeaway

Homes in Downers Grove Gardens have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in Downers Grove Gardens was $348,000 in April 2024, down 4.7% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $229.5K-
N/A
3 $318.5K$320K
0.5%
4 $530K$360K
-32.1%
5+ -$480K
N/A

Summary: Downers Grove Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 32.1%, and 5+ bedroom homes did not change.

Housing Supply in Downers Grove Gardens, IL

How many homes are available in Downers Grove Gardens, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
56+20.0%

Summary: The Downers Grove Gardens real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 11
0.0%
4 11
0.0%
5+ 22
0.0%

Summary: The Downers Grove Gardens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downers Grove Gardens, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Downers Grove Gardens in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Downers Grove Gardens, IL

How long does it take to sell a home in Downers Grove Gardens, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days12 Days-64.3%

Summary: Homes in Downers Grove Gardens had an average of 12 days on market in Apr 2024, down by 64.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Downers Grove Gardens are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Downers Grove Gardens; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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