Downers Grove, IL Homes for Sale & Real Estate Listings

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.