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Dupage Policy Journal

Sunday, November 17, 2024

Downers Grove home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Downers Grove rose by $7,000 while total sales increased by 33.7%, according to BlockShopper.com.

From January through March of 2019, there were 135 homes sold, with a median sale price of $320,000 - a 2.2% increase over the $313,000 median sale price for the same period of the previous year. There were 101 homes sold in Downers Grove in the first quarter of 2018.

The median sales tax in Downers Grove for the most recent year with available data, 2017, was $5,890, approximately 1.8% of the median home sale price for the first quarter of 2019.

The following table compares Downers Grove to other DuPage County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Wayne10742.9%$482,500$515,000-6.3%
Medinah3250%$380,000$325,25016.8%
Elmhurst1027929.1%$375,500$365,5002.7%
Clarendon Hills20200%$344,000$416,500-17.4%
Glen Ellyn734369.8%$333,000$420,500-20.8%
Downers Grove13510133.7%$320,000$313,0002.2%
Bolingbrook440%$318,750$248,50028.3%
Naperville2061899%$309,000$335,000-7.8%
Winfield15887.5%$290,000$260,00011.5%
Wheaton1147160.6%$285,000$269,0005.9%
Lisle35336.1%$284,000$250,00013.6%

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