Is Downers Grove, IL 60515 a buyer’s or seller’s market?
Downers Grove is a seller’s market. With about 3 months of supply and 45% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 75% of U.S. ZIP codes, and #182 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Downers Grove housing market right now
In the three months ending August 31, 2026, 45% of homes in Downers Grove, IL 60515 sold above their list price, the typical home went under contract in 48 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 129 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 37%, homes sold about as fast and the median sale price held steady to $554,760. Overall, Downers Grove is more competitive than a year ago, so tougher for buyers.
Within DuPage County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Downers Grove ranks #182 of 464 IL ZIP codes with enough sales (score 71 out of 100).
Nearby, buyers who want less competition could look at Wayne 60184 (20% sold over asking) or Oak Brook 60523 (23% sold over asking), while Medinah 60157 (80% sold over asking) and Villa Park 60181 (60% sold over asking) are even more competitive.
Run the numbers for 60515
Nearby markets
Addison 60101Seller’s market $233 /sq ftAurora 60502Seller’s market $225 /sq ftAurora 60504Seller’s market $219 /sq ftBartlett 60103Seller’s market $232 /sq ft Browse all markets →Towns like Downers Grove nearby
Find towns like Downers Grove in other states →Where Downers Grove is
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Questions about Downers Grove real estate
Is Downers Grove a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Downers Grove, IL 60515 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Downers Grove?
The typical home went under contract in 48 days in the latest three months.
Do homes in Downers Grove sell over asking?
45% of homes sold above their original list price, and the typical sale closed at 102.3% of the list price.
What are property taxes in Downers Grove?
About 2.05% of a home’s value a year in DuPage County, or roughly $8,200 on a $400,000 home.
What is the median home price in Downers Grove?
The median sale price was $554,760 in the three months ending August 31, 2026, about $308 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology