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Dupage Policy Journal

Saturday, April 20, 2024

Q2 real estate sales report: Downers Grove

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Median prices declined in Downers Grove over last year, and are down 1.4 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 212 homes sold in Downers Grove for a median price of $337,000. That's 3.1 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Downers Grove was $6,225.58 in 2017 according to tax data from that year. That means homeowners pay 1.8 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Downers Grove real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
118
$341,640
-
2010
157
$342,000
0.1%
2011
126
$274,873
-19.6%
2012
155
$277,950
1.1%
2013
228
$291,600
4.9%
2014
199
$316,940
8.7%
2015
209
$329,130
3.8%
2016
259
$315,000
-4.3%
2017
294
$347,820
10.4%
2018
212
$337,000
-3.1%

Median property tax
Median sale price
Effective property tax rate
2011
$5,565.29
$274,873
2%
2012
$5,426.10
$277,950
2%
2013
$5,215.61
$291,600
1.8%
2014
$5,631.65
$316,940
1.8%
2015
$6,085.99
$329,130
1.8%
2016
$5,344.31
$315,000
1.7%
2017
$6,225.58
$347,820
1.8%

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