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 April 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
$426,402
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downers Grove Township was $426,402 in April 2024, up 5.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125.3K | $140.5K | +12.1% |
2 Bedrooms | $235K | $250K | +6.4% |
3 Bedrooms | $380K | $405K | +6.6% |
4 Bedrooms | $615K | $641.7K | +4.4% |
5+ Bedrooms | $1.1M | $1.2M | +6.6% |
Summary: Downers Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Darien | $339.3K | $390K | +14.9% |
Willowbrook | $265K | $300K | +13.2% |
Downers Grove Township | $405K | $426.4K | +5.3% |
Clarendon Hills | $590K | $584.5K | -0.9% |
Burr Ridge | $715K | $672.8K | -5.9% |
Housing Supply in Downers Grove Township, IL
How many homes are available in Downers Grove Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
517 | 624 | +20.7% |
Summary: The Downers Grove Township real estate market had 624 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 17 | +30.8% |
2 Bedrooms | 107 | 123 | +15.0% |
3 Bedrooms | 152 | 192 | +26.3% |
4 Bedrooms | 167 | 197 | +18.0% |
5+ Bedrooms | 78 | 95 | +21.8% |
Summary: The Downers Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 21.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 173 | +27.2% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Summary: A total of 173 homes were sold or pending in Downers Grove Township in April 2024, up by 27.2% month-over-month. Of the 173 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 20 Days | -12.2% |
Summary: Homes in Downers Grove Township had an average of 20 days on market in Apr 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
148 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 173 homes were sold in Downers Grove Township; 86% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.