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Dupage Policy Journal

Monday, November 25, 2024

Downers Grove home prices rise in April 2017

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The median sale price of a home sold in April 2017 in Downers Grove rose by $31,250 while total sales increased by 18.2%, according to BlockShopper.com.

In April 2017, there were 78 homes sold, with a median sale price of $312,000 - a 11.1% increase over the $280,750 median sale price for the same period of the previous year. There were 66 homes sold in Downers Grove in April 2016.

The median sales tax in Downers Grove for 2017 was $5,890.74. In 2016, the median sales tax was $5,711.20. This marks an increase of 3.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Downers Grove to other DuPage County cities with similar median sales prices in April 2017:

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Medinah12-50%$450,000$299,00050.5%
Glen Ellyn3850-24%$389,250$390,000-0.2%
Elmhurst665911.9%$381,250$397,500-4.1%
Glenbard South27-71.4%$355,000$354,0000.3%
Naperville1401289.4%$340,500$347,000-1.9%
Downers Grove786618.2%$312,000$280,75011.1%
Winfield880%$306,000$303,5000.8%
Wheaton67661.5%$290,000$316,250-8.3%
Woodridge37370%$282,500$227,50024.2%
Westmont231735.3%$276,000$295,000-6.4%
Darien2633-21.2%$257,750$233,00010.6%

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