• Home
  • About Mike
  • Mike Long Realty
  • MLS Search
  • Contact Mike

13

Feb

Downers Grove, IL Real Estate-Market Update

Posted by MikeLongRealty  Published in Downers Grove, Market Update

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.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
no comment

    Enter your email address:

Search

Categories

  • City of Chicago (15)
  • Downers Grove (1)
  • Fun Photo Friday (9)
  • Lisle (2)
  • Long Realty (1)
  • Market Update (22)
  • MikeLongRealty.com (1)
  • MLS Search (1)
  • Naperville (3)
  • Property for Sale (3)
  • Things You Should Know (17)
  • Uncategorized (9)
  • Western Suburbs of Chicago (5)
  • Westmont (2)

Archives

  • July 2008 (2)
  • June 2008 (1)
  • April 2008 (5)
  • March 2008 (20)
  • February 2008 (33)
  • January 2008 (1)
  • December 2007 (3)

Meta

  • Log in
  • Main Entries Rss
  • Comments Rss
November 2008
S M T W T F S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Recent Post

  • Westmont, IL Real Estate Market Update
  • After Seven Years I’m Back Where I BeLONG-LONG REALTY
  • New & Improved luanch of www.mikelongrealty.com!!
  • New Listing at 2800 North Orchard #802 in Lakeview, Chicago
  • New Listing at 3020 North Waterloo #1 in Lakeview, Chicago
  • Naperville Real Estate Market Snapshot…A Look at the Past Month
  • Beautiful North Astor Street in Chicago’s Gold Coast
  • City of Chicago Transfer Tax Stamp Now Being Split Between Buyer & Seller
  • Wait ‘Till This Year! 2008 is the Year for the Chicago Cubs!
  • Current Absorption Rates for 10 Chicago Communities

Recent Comments

  • Lkng4refi in ARM's in Chicago, Should I Refinance Now or Later?…
  • MikeLongRealty in A Quick Guide to Agency Terms
  • Matthew in A Quick Guide to Agency Terms
  • Sean Lowry in Selling Real Estate in Chicago Takes One Thing: P…
  • Sean Lowry in ARM's in Chicago, Should I Refinance Now or Later?…
  • edward balcsik in City of Chicago Transfer Tax Stamp Now Being Split…
  • Gary Lucido in City of Chicago Transfer Tax Stamp Now Being Split…
  • MsNe11ie in City of Chicago Transfer Tax Stamp Now Being Split…
  • MsNe11ie in Wait 'Till This Year! 2008 is the Year for the Ch…
  • MikeLongRealty in Wait 'Till This Year! 2008 is the Year for the Ch…
© 2007 Greater Chicago Real Estate Blog
Design by Agent Image - Real Estate Web Design