Median price
for residential apartments
in Downers Grove, IL
as of May, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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130 Downers Grove, IL, USA apartments for sale
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Condo For Sale In Woodridge, Illinois
7058 Newport Drive, Woodridge, IL 60517, USA
2
Bed
2
Bath
1,056
Sq Ft
2 Stories, Georgian
160 Saddle Brook Drive, Oak Brook, DuPage County, IL 60523, USA
5
Bed
4
Bath
3,961
Sq Ft
Condo For Sale In Oak Brook, Illinois
19W235 Gloucester Way North, Downers Grove, IL 60523, USA
3
Bed
3
Bath
2,201
Sq Ft
Home For Sale In Downers Grove, Illinois
5808 Eldon Place, Downers Grove, IL 60516, USA
3
Bed
2
Bath
3,100
Sq Ft
Home For Sale In Downers Grove, Illinois
4022 Main Street, Downers Grove, IL 60515, USA
2
Bed
1
Bath
1,058
Sq Ft
Home For Sale In Downers Grove, Illinois
Highland Avenue, Downers Grove, IL 60515, USA
4
Bed
4
Bath
2,458
Sq Ft
Home For Sale In Downers Grove, Illinois
5314 Lyman Avenue, Downers Grove, IL 60515, USA
4
Bed
3
Bath
2,417
Sq Ft
2 Stories, Traditional
4712 Montgomery Avenue, Downers Grove, IL 60515, USA
3
Bed
2
Bath
1,540
Sq Ft
1 Story, Cottage
Calvary Church, Fairview Avenue, Downers Grove, IL 60559, USA
2
Bed
2
Bath
1,568
Sq Ft
Home For Sale In Woodridge, Illinois
unnamed road, Woodridge, IL 60517, USA
4
Bed
3
Bath
2,738
Sq Ft
Downers Grove
According to statistics, the population in Downers Grove, IL amounts to 49,649, which shows decline 0% compared to the previous year. The median age of the city’s residents is 43. The average household income is $85,546, shifting decline 0% from the past year, and the average property value in Downers Grove, IL growth 3% to $340,200 throughout the year.
| Population | 49,649 |
| Median Age | 43.1 |
| Poverty Rate | 5% |
| Household Income | $85,546 |
| Number Of Employees | 25,356 |
| Median Property Value | $340,200 |
Household Income
The average household income in Downers Grove, IL grew from $85,171 to $85,546 in the past year. This data is an estimate based upon 20,042 households in Downers Grove, IL . The chart below presents how household income is distributed in Downers Grove, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Downers Grove, IL shifted from $331,600 to $340,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Downers Grove, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Downers Grove, IL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Downers Grove, IL compared to median property taxes around the country. The prevalent amount of property taxes in Downers Grove, IL equals $3000, which is less than the national average.
Housing Trends
Average apartment sale in Downers Grove:
$602,270 (+0.8%)
Apartment Size |
May | vs Last Month |
|---|---|---|
| Studio apartments | $125,000 | -58.3% |
| 1-bed apartments | $129,000 | -4.4% |
| 2-bed apartments | $248,357 | +0.5% |
| 3-bed apartments | $451,724 | -3.9% |
| 4+ bed apartments | $829,856 | -7.2% |
During May 2023, the average price for an apartment in/near Downers Grove, IL increased by 0.8% to $602,270.
Knowing the current property prices is key if you plan to buy a studio in Downers Grove, IL. The average price for a studio has decreased since the last month, currently being $125,000. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 4.4% to $129,000. Asking price for 2-bed apartment also increased by 0.5% and a place of this size will now cost you $248,357. A 3-bed apartment goes for $451,724, it decreased by 3.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 7.2% and made it down to $829,856.
Listing Type |
May | vs Last Month |
|---|---|---|
| Houses for sale | $704,165 | +4% |
| Condos for sale | $330,549 | -6.6% |
Price reports demonstrate that house price increased by 4% this month making it up to $704,165. Condos faced an upward trend these days. The median price for a condo decreased by 6.6%, it’s now available for $330,549.
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