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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downers Grove Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Downers Grove Township has remained a Seller's Market.

Key Takeaway

Downers Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

Median Sold Price

$411,760

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$11,096(+2.8%)

Key Takeaway

Homes in Downers Grove Township have sold for 2.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $108K$115K
+6.5%
2 $215K$235K
+9.3%
3 $355K$385.4K
+8.6%
4 $570.4K$643.4K
+12.8%
5+ $976.2K$1.0M
+6.1%

Median Sold Price Compared To Nearby Cities

Burr Ridge
+21.6%
Darien
+10.1%
Downers Grove Township
+2.8%
Willowbrook
-6.5%
Clarendon Hills
-14.2%

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

Number of Homes For Sale

Aug 2022Sep 2022%
724729+0.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 2820
-28.6%
2 145152
+4.8%
3 233226
-3.0%
4 213221
+3.8%
5+ 105110
+4.8%

Number of Homes Sold

Aug 2022Sep 2022%
253171-32.4%

Asking Price vs. Sold Price

96 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downers Grove Township, you may be able to get a good deal. 56.1% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
21 Days23 Days+9.4%

Breakdown of Home Sale Times

124 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Downers Grove Township, IL

There are 729 homes are for sale in Downers Grove Township, IL real estate market. In September 2022 in Downers Grove Township, IL there were 0.7% more homes for sale than in August 2022. In September 2022 median list price was $411,760 and the average listing age was 23 days. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 6.5%, the cost of 2 bedrooms properties went up by 9.3%, prices of 3 bedrooms properties increased by 8.6%, 4 bedrooms properties prices increased by 12.8%, 5 bedrooms properties became 6.1% more expensive. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 28.6%, number of 2 bedrooms homes increased by 4.8%, the quantity of 3 bedrooms homes went down by 3%, the quantity of 4 bedrooms homes went up by 3.8%, 5 bedrooms homes became 4.8% more available. While more than 45 listings in Downers Grove Township, IL in September 2022 were sold above asking price, there were more than 30 listings sold at asking price, and more than 96 were sold below.

Related Housing Market Reports