New - 7 hours on Rocket
$4,423 Closing Credit¹
Sarah Martinath, Listing Office: Compass
Downers Grove Housing Market Report December 2024•DuPage County, Illinois
Housing Prices in Downers Grove, IL
How much do homes in Downers Grove, IL cost?
Housing Market Conditions
Is Downers Grove, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Downers Grove is a Seller's Market
Difference Since December 2023
Since last year, Downers Grove has remained a Seller's Market.
Insight
Downers Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$456,777$243/SqFt
+$38,546
+9.2%
Based on all homes sold in the last 12 months
Insight
Homes in Downers Grove have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Downers Grove was $456,777 in December 2024, up 9.2% from last year, and the median price per square foot was $243.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $142.5K | $166.2K | +16.7% |
| 22 Bedrooms | $199K | $235K | +18.1% |
| 33 Bedrooms | $400K | $439.8K | +10.0% |
| 44 Bedrooms | $596K | $640K | +7.4% |
| 55+ Bedrooms | $882.5K | $825K | -6.5% |
Summary: Downers Grove housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +16.7%. The home price for 2 bedroom homes increased by +18.1%. The home price for 3 bedroom homes increased by +10.0%. The home price for 4 bedroom homes increased by +7.4%. The home price for 5 bedroom homes decreased by -6.5%.
Housing supply in Downers Grove, IL
How many homes are available in Downers Grove, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 144Last MonthDec 2024 | ||
| 1732 months agoNov 2024 | -16.8 % Change MoMNov – Dec |
Summary: The Downers Grove real estate market had 144 homes for sale in Dec 2024, a 16.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 46Last MonthDec 2024 | ||
| 532 months agoNov 2024 | -13.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 8 | 6 | -25.0% |
| 22 Bedrooms | 36 | 32 | -11.1% |
| 33 Bedrooms | 63 | 53 | -15.9% |
| 44 Bedrooms | 51 | 42 | -17.6% |
| 55+ Bedrooms | 15 | 11 | -26.7% |
Summary: Downers Grove housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes decreased by -11.1%. The inventory for 3 bedroom homes decreased by -15.9%. The inventory for 4 bedroom homes decreased by -17.6%. The inventory for 5 bedroom homes decreased by -26.7%.
Asking Price vs. Sold Price
How much do homes in Downers Grove, IL cost?
Over Asking Price12 Homes
At Asking Price11 Homes
Under Asking Price23 Homes
Insight
If you're buying a home in Downers Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Downers Grove in December 2024, down by 13.2% month-over-month. Of the 46 sold homes, 50% were sold under asking, 24% were sold at asking, and and 26% were sold over asking.
Days on Market for Downers Grove, IL
How long does it take to sell a home in Downers Grove, IL?
Breakdown of Home Sale Times
Under 30 Days28 Homes
30 – 90 Days12 Homes
Over 90 Days6 Homes
Insight
Many homes in Downers Grove are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 46 homes were sold in Downers Grove; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 36 DaysThis YearDec 2024 | ||
| 19 Days1 year agoDec 2023 | +90.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Downers Grove had an average listing age of 36 days in Dec 2024, up by 90.6% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Downers Grove, IL
What homes are available in Downers Grove, IL?
New - 1 day on Rocket
$7,719 Closing Credit¹
Laura Michicich, Listing Office: Berkshire Hathaway HomeServices Chicago
New - 1 day on Rocket
$5,641 Closing Credit¹
Andrea Wolfe, Listing Office: HomeSmart Connect LLC
New - 1 day on Rocket3D tour
$3,324 Closing Credit¹
Victoria Tan, Listing Office: Compass
New - 1 day on Rocket
$10,000 Closing Credit¹
Natalie Weber, Listing Office: Keller Williams Experience
New - 1 day on Rocket
$9,476 Closing Credit¹
Danielle LaCrosse, Listing Office: DPG Real Estate Agency
New - 2 days on Rocket
$4,988 Closing Credit¹
Christine Cunningham, Listing Office: Realty One Group Ethos
New - 2 days on RocketBackup offers
$10,000 Closing Credit¹
Nathan Stillwell, Listing Office: john greene, Realtor
New - 2 days on Rocket
$2,719 Closing Credit¹
Kimberly Wirtz, Listing Office: Wirtz Real Estate Group Inc.
New - 3 days on Rocket
$8,905 Closing Credit¹
Betty Prejzner, Listing Office: USA Realty Group Inc
New - 3 days on Rocket
$10,000 Closing Credit¹
Casselyn Tertell, Listing Office: Compass
New - 4 days on Rocket
$10,000 Closing Credit¹
Meredith Van Syckle, Listing Office: Berkshire Hathaway HomeServices Chicago
Popular Cities with Homes for Sale in Illinois
- Homes for sale in Chicago, IL
- Homes for sale in Naperville, IL
- Homes for sale in Aurora, IL
- Homes for sale in Elgin, IL
- Homes for sale in Peoria, IL
- Homes for sale in Evanston, IL
- Homes for sale in Palatine, IL
- Homes for sale in Orland Park, IL
- Homes for sale in Arlington Heights, IL
- Homes for sale in Oak Lawn, IL
- Homes for sale in Schaumburg, IL
- Homes for sale in Bloomington, IL
- Homes for sale in Elmhurst, IL
- Homes for sale in Downers Grove, IL
- Homes for sale in Glenview, IL
- Homes for sale in Champaign, IL
- Homes for sale in Plainfield, IL
- Homes for sale in Wheaton, IL
- Homes for sale in Tinley Park, IL
- Homes for sale in Park Ridge, IL
- Homes for sale in Rockford, IL
MLS Disclaimers and Copyright
Based on information from Midwest Real Estate Data, for the period 01/01/2023 - 01/01/2025
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2025 Midwest Real Estate Data LLC (MRED). All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.
All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Copyright © 2025 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.