Altos Market Data for Realtors
Downers Grove, IL
Single-Family Homes
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Downers Grove, IL
Tue Apr 23 2024
This week the median list price for Downers Grove, IL is $800,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 67.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $800,000 | |
| Median Price of New Listings | $575,000 | |
| Per Square Foot | $338 | |
| Average Days on Market | 153 | |
| Median Days on Market | 63 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 67 | |
| Median Rent | ||
| Market Action | 39 | |
| Slight Seller's Advantage | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,549,950 | 3,910 | 0.25 - 0.5 acre | 4 | 3.8 | 0 | 0 | 1 | 126 |
| $1,059,990 | 3,055 | 0.25 - 0.5 acre | 4 | 3.5 | 10 | 1 | 2 | 154 |
| $649,000 | 2,088 | 0.25 - 0.5 acre | 4 | 2.5 | 68 | 4 | 4 | 28 |
| $398,500 | 1,132 | 0.25 - 0.5 acre | 3 | 2 | 68 | 4 | 5 | 49 |