Search homes for sale in Downers Grove, IL with real estate agent Jeff Salhani.
The Downers Grove housing market shows moderate competitiveness. On average, homes receive two offers and sell within approximately 52 days, reflecting steady buyer interest. Last month, the median sale price of homes in Downers Grove increased by 8.5% year-over-year to $483K, highlighting a rise in overall property values. However, the median sale price per square foot declined by 5.4% to $237, suggesting variations in pricing trends for different property types or sizes. This combination of factors points to a market that is active but balanced, offering opportunities for both buyers and sellers.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In November 2024, home prices in Downers Grove experienced an 8.5% increase compared to the previous year, with a median sale price of $483K. On average, homes remained on the market for 52 days, a slight change from 51 days last year, indicating steady market activity. Additionally, the number of homes sold rose to 45, up from 37 in November 2023, highlighting growing buyer interest and a more active market. These trends suggest a healthy real estate environment in Downers Grove, with demand continuing to drive sales.
The Downers Grove housing market is moderately competitive. Homes typically sell in about 52 days, with some attracting multiple offers. On average, properties sell for around 1% below the list price and go under contract within this timeframe. However, "hot" homes—those in high demand—can sell for approximately 2% above the list price and often go pending in just 38 days, reflecting strong interest in desirable properties.
In December 2024, Downers Grove, IL, was a seller's market, meaning buyer demand outpaced the available housing inventory. This competitive environment gives sellers an advantage, as homes are likely to attract more interest and potentially sell faster, often with favorable terms.
Have questions about the Downers Grove housing market or ready to explore your options in this sought-after area? Jeff is here to help! With in-depth knowledge of the local market and a dedication to finding the perfect property for you, Jeff will guide you every step of the way. Don’t wait—reach out today to start your journey to owning a home in Downers Grove!
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Jeff will do his best to have your selling or buying experience as fun and stress-free as possible. He is very flexible and very easy to work with. After all, your needs come first!
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17W480 22nd St. Oakbrook Terrace, IL 60181
