Is Downers Grove, IL 60516 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Downers Grove is a seller’s market. With about 2.2 months of supply and 56% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.2Under 4 months = seller’s market

Sold above original list56.1%Share of sales, last 3 months

Median sale-to-list102.6%Sold price ÷ list price

Median days on market42Listing to accepted offer

Median price per sq ft$261▲ +8.3% vs. last year

Run the numbers for 60516

Prefilled for 60516Can I win this house?Multiple-offer likelihood for a listing Prefilled for 60516Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Addison 60101Seller’s market $233 /sq ft Aurora 60502Seller’s market $225 /sq ft Aurora 60504Seller’s market $219 /sq ft Bartlett 60103Seller’s market $232 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology