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Dupage Policy Journal

Sunday, November 24, 2024

Q3 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 third quarter sales data collected by BlockShopper.com.

From July to September, 206 homes sold in Downers Grove for a median price of $317,250. That's 2.8 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 2 homes in Downers Grove were in foreclosure.

Median property tax for homeowners in Downers Grove was $5,716.49 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
146
$321,750
-
2010
115
$342,000
6.3%
2011
153
$289,280
-15.4%
2012
205
$305,200
5.5%
2013
271
$291,600
-4.5%
2014
244
$318,530
9.2%
2015
281
$323,300
1.5%
2016
251
$338,100
4.6%
2017
300
$326,400
-3.5%
2018
206
$317,250
-2.8%

Median property tax
Median sale price
Effective property tax rate
2011
$5,322.43
$289,280
1.8%
2012
$5,374.13
$305,200
1.8%
2013
$5,290.46
$291,600
1.8%
2014
$5,533.95
$318,530
1.7%
2015
$5,618.50
$323,300
1.7%
2016
$5,738.31
$338,100
1.7%
2017
$5,716.48
$326,400
1.8%

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