Is Downers Grove Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Downers Grove Township has remained a Seller's Market.
Housing Prices in Downers Grove Township, IL
How much do homes in Downers Grove Township, IL cost?
Median Sold Price
$440,638
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Downers Grove Township was $440,638 in June 2024, up 11.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.7K | $145K | +14.4% |
2 Bedrooms | $234.9K | $255.3K | +8.7% |
3 Bedrooms | $375.2K | $415K | +10.6% |
4 Bedrooms | $604K | $650K | +7.6% |
5+ Bedrooms | $1.1M | $1.2M | +10.4% |
Summary: Downers Grove Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
Darien | $340.3K | $396K | +16.4% |
Burr Ridge | $660K | $750K | +13.6% |
Downers Grove Township | $396.7K | $440.6K | +11.1% |
Clarendon Hills | $575K | $626K | +8.9% |
Willowbrook | $275K | $295K | +7.3% |
Housing Supply in Downers Grove Township, IL
How many homes are available in Downers Grove Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
659 | 686 | +4.1% |
Summary: The Downers Grove Township real estate market had 686 homes for sale in June 2024, a 4.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 24 | +9.1% |
2 Bedrooms | 133 | 130 | -2.3% |
3 Bedrooms | 205 | 198 | -3.4% |
4 Bedrooms | 199 | 228 | +14.6% |
5+ Bedrooms | 100 | 106 | +6.0% |
Summary: The Downers Grove Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
207 | 221 | +6.8% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Summary: A total of 221 homes were sold or pending in Downers Grove Township in June 2024, up by 6.8% month-over-month. Of the 221 sold homes, 36% were sold under asking, 14% were sold at asking, and 49% were sold over asking.
Days on Market for Downers Grove Township, IL
How long does it take to sell a home in Downers Grove Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 14 Days | -9.8% |
Summary: Homes in Downers Grove Township had an average of 14 days on market in Jun 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
204 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 221 homes were sold in Downers Grove Township; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.