Is Downers Grove, IL 60516 a buyer’s or seller’s market?

The Downers Grove housing market right now

In the three months ending August 31, 2026, 56% of homes in Downers Grove, IL 60516 sold above their list price, the typical home went under contract in 42 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 92 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 52%, homes sold about as fast and the median sale price rose 4% to $499,784. Overall, Downers Grove is more competitive than a year ago, so tougher for buyers.

Within DuPage County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 91%. On our competition score, Downers Grove ranks #69 of 464 IL ZIP codes with enough sales (score 81 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.