The housing market in Downers Grove, especially in the Lester School neighborhood continues to thrive! Over the past three years, the average price per square foot has increased by 18%, and most homes are selling at or above list price in this competitive seller’s market. Right now, inventory remains tight, with just 1.5 months of housing supply and only 8 new homes listed last month. The average sale price is $555,000, showing strong demand for homes in our area.
While we expect our market to remain seller-friendly, we anticipate a slight shift toward balance as interest rates decrease and more homes hit the market. However, Downers Grove, especially the Lester School neighborhood remains a hot spot for buyers due to its top-rated schools, vibrant downtown, and easy commuter access to Chicago.
Your home could be worth more than you think! If you're curious about its current value or considering selling, reach out to The Glover Team today for a complimentary home evaluation. Let’s explore your options in this exciting market!
