Villas of Deer Park
Data as of March 2026. Source: Realtor.com.
The DOWNERS GROVE, IL real estate market (60516) currently shows 60 active listings, with 38 pending sales. Homes are averaging 43 days on the market before going under contract.
Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 43 days on market compared to 23 days last year.
The median listing price has fallen 22.9% year-over-year, from $599,900 to $462,450.
Whether you are buying or selling in DOWNERS GROVE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 28,617 · Density: 1,458.4/mi² · Median household income: $113,032
Typical home value: $404,198 · Homeownership: 77.3%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 60516 | Downers Grove, IL 60516 | 0.0 mi | 53 | $33,069,721 | $475,925 | $623,957 |
| 60517 | Woodridge, IL 60517 | 2.2 mi | 65 | $30,446,390 | $472,500 | $468,406 |
| 60515 | Downers Grove, IL 60515 | 3.3 mi | 98 | $62,968,626 | $441,250 | $642,537 |
| 60532 | Lisle, IL 60532 | 4.2 mi | 72 | $37,732,680 | $433,725 | $524,065 |
| 60521 | Hinsdale, IL 60521 | 5.0 mi | 57 | $93,770,586 | $1,233,500 | $1,645,098 |
| 60523 | Oak Brook, IL 60523 | 5.9 mi | 38 | $54,442,752 | $839,000 | $1,432,704 |
| 60439 | Lemont, IL 60439 | 6.3 mi | 100 | $75,465,100 | $677,180 | $754,651 |
| 60540 | Naperville, IL 60540 | 6.8 mi | 70 | $84,315,140 | $843,750 | $1,204,502 |
| 60525 | La Grange, IL 60525 | 7.6 mi | 53 | $27,854,627 | $394,350 | $525,559 |
| 60480 | Willow Springs, IL 60480 | 7.7 mi | 15 | $8,964,255 | $462,500 | $597,617 |
| 60526 | La Grange Park, IL 60526 | 8.1 mi | 12 | $9,302,604 | $623,450 | $775,217 |
| 60563 | Naperville, IL 60563 | 8.4 mi | 83 | $60,417,526 | $593,475 | $727,922 |
| 60490 | Bolingbrook, IL 60490 | 9.0 mi | 48 | $25,971,840 | $507,778 | $541,080 |
As of March 2026, there are 60 active listings in DOWNERS GROVE, IL (zip code 60516), compared to 51 the prior year.
The median listing price in DOWNERS GROVE, IL 60516 is $462,450 as of March 2026, a 22.9% decrease from $599,900 the prior year.
Homes in DOWNERS GROVE, IL 60516 spend an average of 43 days on the market before going under contract, compared to 23 days the prior year.
Based on current inventory and days-on-market data as of March 2026, DOWNERS GROVE, IL 60516 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 43 days on market compared to 23 days last year.
With SELL123.com's maximum 3% commission, sellers in DOWNERS GROVE, IL 60516 save an estimated $9,249 compared to a typical 5% commission on the median listing price of $462,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.