Quantcast

Dupage Policy Journal

Saturday, April 20, 2024

Q1 real estate sales report: Downers Grove

Re 3

Median prices declined in Downers Grove over last year, and are down 68.7 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 22 homes sold in Downers Grove for a median price of $96,250. That's 68.7 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Downers Grove was in foreclosure.

Median property tax for homeowners in Downers Grove was $5,920.25 in 2017 according to tax data from that year. That means homeowners pay 1.9 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Downers Grove real estate: Q1 2009-2018

Properties sold
Median sale price
Change in sale price
2009
58
$307,125
-
2010
91
$310,080
1%
2011
71
$254,250
-18%
2012
84
$267,050
5%
2013
111
$270,000
1.1%
2014
147
$280,900
4%
2015
137
$263,940
-6%
2016
144
$276,150
4.6%
2017
169
$307,020
11.2%
2018
22
$96,250
-68.7%

Median property tax
Median sale price
Effective property tax rate
2011
$5,474.68
$254,250
2.2%
2012
$5,504.07
$267,050
2.1%
2013
$5,803.89
$270,000
2.1%
2014
$5,162.92
$280,900
1.8%
2015
$4,848.24
$263,940
1.8%
2016
$5,115.78
$276,150
1.9%
2017
$5,920.25
$307,020
1.9%

MORE NEWS