Downers Grove, IL Foreclosures
How much do homes sell for in Downers Grove, IL?
The average home price is currently $607,235.
In Downers Grove, IL, how many homes are available?
There are currently 40 active home listings available in Downers Grove.
What’s the average rental cost in Downers Grove, IL?
The average rental price in Downers Grove is $2,150.
What is the most expensive home in Downers Grove?
The most expensive home sold in Downers Grove had a price of $98,351,716.
What is currently the cheapest priced home in Downers Grove, IL?
The cheapest home for sale in Downers Grove is priced at $10,100.
Living in Downers Grove, IL
Downers Grove, IL is a welcoming suburb with a strong community vibe, excellent schools, and a variety of outdoor activities. The downtown area offers charming shops and restaurants, making it a vibrant center for residents to enjoy. Its connectivity to Chicago strengthens its appeal for commuters and families alike.
Current Market Conditions in Downers Grove, IL
The real estate market in Downers Grove has been experiencing steady growth over the past few years, with a mix of single-family homes, townhouses, and condos available. The demand for properties in this area remains strong, particularly among families looking for quality schools and safe neighborhoods. Homes tend to appreciate, making this an attractive market for potential investors or homebuyers.
As of recent reports, the average home prices have shown a modest increase, with many homes on the market receiving multiple offers. The rental market is also competitive, with many young professionals looking to rent in this desirable suburb.
Home Value Estimator For Downers Grove, IL
There are currently 22,182 real estate properties
in Downers Grove, IL,
with a median automated valuation model (AVM) price
of $493,463.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Downers Grove, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Downers Grove, IL,
is $607,235.00, with the most expensive house
in Downers Grove, IL, topping out
at $98,351,716.00 and the cheapest home
in Downers Grove, IL,
clocking in at $10,100.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Downers Grove, IL!
Rent Prices
In Downers Grove, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Downers Grove, IL, is on
a rollercoaster ride. The
average rent price in Downers Grove, IL,
is $2,150.00. Indeed, when looking to rent in
Downers Grove, IL, you can expect to pay as little
as $820.00 or as much
as $4,220.00,
with the average rent median estimated to
be $2,080.00. The good news is that finding
an affordable and desirable property to rent in Downers Grove, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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