Here is a comparison of 2007 vs. 2008 for the Downers Grove, Illinois Real Estate Market.  I am comparing closed single family & attached homes from Jan. 1, 2007 thru Dec. 31, 2007 vs. Jan 1, 2008 thru Dec. 31, 2008. 

1/1/2007 thru 12/31/2007

Single Family Homes

420 single family homes closed during this time period.

The average sales price was $489,357

The average days on the market was 151 days

The average list to sales price was 96%

Attached Homes

210 attached homes closed during this time period.

The average sales price was $198,301

Average days on the market was 99 days

Average list to sales price was 97%

From January 1, 2008 thru December 31, 2008

Single Family Homes

342 single family homes closed during this time period. (78 less than 2007)

The average sales price was $451,796 (down 8% from 2007)

Average days on the market was 196 days (45 days of a longer market time)

Average list to sales price was 94% (down 1% from 2007)

Attached Homes

145 Attached homes closed (65 less than 2007)

The average sales price was $211,685 (up 7% from 2007)

The average market time was 202 days (103 days of a longer market time)

The average list to sales price was 96% (down 1% from 2007)

For more information on selling your home in Downers Grove, Illinois contact:

Laura Karambelas-Realtor

Baird & Warner

View my website at: www.bairdwarner.com/laura.karambelas