Downers Grove, IL 60515 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. median sold price 520,500 is the best current indicator of neighborhood value and recent transaction levels; with a hot market temperature and price year-over-year trend up, recent closed sales show firm pricing that buyers are accepting.
2. There is a notable spread between median listing price 412,450 and the representative median sold price 520,500, which may indicate seller asking expectations differ materially from final transaction prices and could create pricing friction during negotiations.
3. The median days on market 307 is long relative to a fast-moving market and suggests slower sales velocity despite a hot market temperature; this appears to reflect transaction timing or match-quality issues rather than weak demand.
4. Rental fundamentals are supportive but not extreme: median market rent 2,352 is rising (up rent year-over-year trend) while macro headwinds persist—interest rate pressure is elevated (elevated)—so investors should weigh financing cost sensitivity when underwriting acquisitions.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.