Is Naperville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Naperville is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Naperville has remained a Seller's Market.

Key Takeaway

Naperville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Naperville, IL cost?

Median Sold Price

$485,600

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$35,366(+7.9%)

Key Takeaway

Homes in Naperville have sold for 7.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $124.7K$148K
+18.6%
2 $225K$258.9K
+15.0%
3 $359.9K$398K
+10.6%
4 $535.7K$604.5K
+12.8%
5+ $670K$758K
+13.1%

Median Sold Price Compared To Nearby Cities

Wheatland Township
+15.9%
Bolingbrook
+12.7%
Lisle Township
+8.9%
Naperville
+7.9%
Naperville Township
+5.7%

How many homes are available in Naperville, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
608525-13.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 118
-27.3%
2 135131
-3.0%
3 11493
-18.4%
4 277224
-19.1%
5+ 7169
-2.8%

Number of Homes Sold

Aug 2022Sep 2022%
239138-42.3%

Asking Price vs. Sold Price

80 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naperville, you may be able to get a good deal. 58% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days20 Days+46.5%

Breakdown of Home Sale Times

105 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Naperville are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Naperville, IL

Number of homes for sale in Naperville, IL real estate market have reached 525. The inventory of homes for sale in Naperville, IL between August 2022 and September 2022 decreased by 13.7%. While the average time on the market in September 2022 was 20 days, the median list price was $485,600. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 18.6%, prices of 2 bedrooms properties went up by 15%, 3 bedrooms properties prices increased by 10.6%, 4 bedrooms properties became 12.8% more expensive, 5 bedrooms properties became 13.1% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 27.3%, number of 2 bedrooms homes decreased by 3%, 3 bedrooms homes became 18.4% less available, number of 4 bedrooms homes decreased by 19.1%, the quantity of 5 bedrooms homes went down by 2.8%. Naperville, IL housing market in September 2022 saw over 34 listings sold above listed price, more than 24 sold at listed price and over 80 sold below.

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