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Dupage Policy Journal

Wednesday, April 24, 2024

Downers Grove home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Downers Grove rose by $7,250 while total sales increased by 3.6%, according to BlockShopper.com.

From October through December of 2018, there were 201 homes sold, with a median sale price of $299,500 - a 2.5% increase over the $292,250 median sale price for the same period of the previous year. There were 194 homes sold in Downers Grove in the fourth quarter of 2017.

The median sales tax in Downers Grove for the most recent year with available data, 2017, was $5,890.70, approximately 2% of the median home sale price for the fourth quarter of 2018.

The following table compares Downers Grove to other DuPage County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Naperville42332430.6%$330,000$323,5002%
Glen Ellyn1108923.6%$322,000$393,500-18.2%
Oakbrook Terrace12119.1%$315,000$242,00030.2%
Winfield272412.5%$308,000$325,000-5.2%
Bolingbrook72250%$305,000$219,00039.3%
Downers Grove2011943.6%$299,500$292,2502.5%
Wheaton19615129.8%$297,500$286,0004%
Bartlett7178-9%$294,000$258,50013.7%
Glenbard South181163.6%$288,250$270,0006.8%
Darien856825%$287,500$306,000-6%
Lisle875752.6%$285,000$283,0000.7%

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