Let’s take a look at how things are faring for Downers Grove, IL Real Estate. I pulled a few statistics for us to look at for Type 1, Type 2 properties in Downer Grove, IL. We will look at median vs. average sale price, market time, absorption rate and # of units sold, under contract and currently active. As always I invite you to ask questions if you need to clarify any of the following information or contact me if there is a specific search you are interested in. The search criteria we are working off of is general information. If you have a two-story 4BR/2.5BA with a basement and would like to know details on your price range and what market time is like I’m more than happy to help out. All data was pulled from MLSNI and goes back 6 months from today’s date. Enjoy!
Type 1
Active Listings (Single Family Detached)
# of units: 392
Avg. market time: 223
Median List Price: $450,000
Average List Price: $593,606
Max. List Price: $1,999,000
Min. List Price: $144,900
Sold Properties (past 6 months)
# of units: 90
Avg. market time: 215
Median Sold Price: $374,450
Average Sold Price: $468,129
Max Sale Price: $1,200,000
Min Sale Price: $196,000
Under Contract (past 6 months)
# of units: 45
Avg. market time: 231
Median List Price: $439,500
Average List Price: $523,107
Max List Price: $1,295,000
Min List Price: $243,900
The absorption rate for Type 1, Single Family Detached Properties in Downers Grove, IL is currently: 40.45 weeks.
Type 2
Active Listings (Single Family Attached)
# of units: 184
Avg. market time: 233
Median List Price: $195,950
Average List Price: $252,632
Max List Price: $695,000
Min List Price: $88,000
Sold Properties (past 6 months)
# of units: 38
Avg. market time: 101
Median Sold Price: $156,000
Average Sold Price: $185,853
Max Sold Price: $445,000
Min Sold Price: $97,000
Under Contract (past 6 months)
# of units: 27
Avg. market time: 505
Median List Price: $257,900
Average List Price: $357,047
Max List Price: $720,000
Min List Price: $110,000
The absorption rate for Type 2, Single Family Attached properties in Downers Grove, IL is currently: 29.53 weeks.
