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Downers Grove, IL 60516 Real Estate & Property Data

Downers Grove, IL 60516 Real Estate Market Trends

Last Updated: April 27, 2024

A total of 418 residential properties have been sold over the past 12 months in 60516. With a median sales price of $440,000 in 60516 and a total of 4 foreclosures in Downers Grove, IL 60516. Discover market trends and get the granular level real estate data for Downers Grove, IL 60516 to keep your pulse on the housing market. Curate compelling home reports for Downers Grove, IL 60516 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Downers Grove, IL 60516 Real Estate Market Trends

Get property data for any address in Downers Grove, IL 60516 or the country:

Total Residential Properties 10,521

Total Commercial Properties 125

Avg. Home Age (Single Family Home) 50 Years

Avg. Square Feet (Single Family Home) 1,956

Total 2024 Residential Sales (year-to-date) 49

% of Homes Seriously Underwater (Q2 2024) 1%

Total 2023 Residential Sales 394

% of Equity Rich Homes (Q2 2024) 45.02%

Effective 2023 Property Tax 1.53%

Total Foreclosure Filings (year-to-date) 7

Downers Grove, IL 60516 Real Estate Overview

There were 418 residential properties sold in the past year in Downers Grove, IL 60516. The median home value in Downers Grove, IL 60516 is $436,066. There are a total of 10,521 residential properties in the 60516.

Median Sales Price i

$440,000

(Feb 2024)

+2.3%

year-over-year

y-o-y

February '24 Feb '24 $440,000
January '24 Jan '24 $465,000
December '23 Dec '23 $500,000
November '23 Nov '23 $460,000
October '23 Oct '23 $392,500
September '23 Sep '23 $466,250
August '23 Aug '23 $451,500
July '23 Jul '23 $435,000
June '23 Jun '23 $487,500
May '23 May '23 $435,000
April '23 Apr '23 $450,000
March '23 Mar '23 $438,750

Median Down Payment i

$104,500

(Feb 2024)

+25.1%

year-over-year

y-o-y

February '24 Feb '24 $104,500
January '24 Jan '24 $87,000
December '23 Dec '23 $100,000
November '23 Nov '23 $36,500
October '23 Oct '23 $55,581
September '23 Sep '23 $60,375
August '23 Aug '23 $96,300
July '23 Jul '23 $67,100
June '23 Jun '23 $97,260
May '23 May '23 $61,750
April '23 Apr '23 $88,300
March '23 Mar '23 $62,667

Number of Homes Sold i

23

(Feb 2024)

-23.3%

year-over-year

y-o-y

February '24 Feb '24 23
January '24 Jan '24 26
December '23 Dec '23 36
November '23 Nov '23 21
October '23 Oct '23 39
September '23 Sep '23 30
August '23 Aug '23 49
July '23 Jul '23 30
June '23 Jun '23 31
May '23 May '23 37
April '23 Apr '23 33
March '23 Mar '23 33

Number of Purchase Loans i

15

(Feb 2024)

-28.6%

year-over-year

y-o-y

February '24 Feb '24 15
January '24 Jan '24 22
December '23 Dec '23 27
November '23 Nov '23 12
October '23 Oct '23 35
September '23 Sep '23 25
August '23 Aug '23 39
July '23 Jul '23 24
June '23 Jun '23 27
May '23 May '23 25
April '23 Apr '23 33
March '23 Mar '23 29

Number of REFI Loans i

7

(Feb 2024)

-30%

year-over-year

y-o-y

February '24 Feb '24 7
January '24 Jan '24 9
December '23 Dec '23 5
November '23 Nov '23 13
October '23 Oct '23 9
September '23 Sep '23 11
August '23 Aug '23 11
July '23 Jul '23 16
June '23 Jun '23 12
May '23 May '23 7
April '23 Apr '23 6
March '23 Mar '23 2

Number of HELOC Loans i

8

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 8
January '24 Jan '24 13
December '23 Dec '23 9
November '23 Nov '23 13
October '23 Oct '23 12
September '23 Sep '23 8
August '23 Aug '23 10
July '23 Jul '23 14
June '23 Jun '23 9
May '23 May '23 6
April '23 Apr '23 12
March '23 Mar '23 5

Downers Grove, IL 60516 Real Estate Market Overview

Last 30 days

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Downers Grove, IL 60516 Foreclosure Activity

There were a total of 4 Downers Grove, IL 60516 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

4

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 3
December '23 Dec '23 3
November '23 Nov '23 1
October '23 Oct '23 2
September '23 Sep '23 1
August '23 Aug '23 3
July '23 Jul '23 2
June '23 Jun '23 1
May '23 May '23 3
April '23 Apr '23 1
March '23 Mar '23 1

Foreclosure Starts i

3

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 3
January '24 Jan '24 3
December '23 Dec '23 3
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 1
August '23 Aug '23 2
July '23 Jul '23 1
June '23 Jun '23 1
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 1

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 N/A

Nearby Zip Codes

1. 60515

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