Is Naperville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Naperville has remained a Seller's Market.
Housing Prices in Naperville, IL
How much do homes in Naperville, IL cost?
Median Sold Price
$560,270
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Naperville was $560,270 in June 2024, up 11.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154K | $173K | +12.3% |
2 Bedrooms | $275K | $299.9K | +9.1% |
3 Bedrooms | $410.1K | $445K | +8.5% |
4 Bedrooms | $630K | $685.5K | +8.8% |
5+ Bedrooms | $780K | $859K | +10.1% |
Summary: Naperville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $412K | $499.6K | +21.3% |
Naperville | $501K | $560.2K | +11.8% |
Bolingbrook | $310K | $345.4K | +11.4% |
Lisle Township | $385.2K | $415.2K | +7.8% |
Wheatland Township | $512.4K | $550K | +7.4% |
Housing Supply in Naperville, IL
How many homes are available in Naperville, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
604 | 652 | +7.9% |
Summary: The Naperville real estate market had 652 homes for sale in June 2024, a 7.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 98 | 105 | +7.1% |
3 Bedrooms | 126 | 133 | +5.6% |
4 Bedrooms | 283 | 311 | +9.9% |
5+ Bedrooms | 84 | 90 | +7.1% |
Summary: The Naperville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
198 | 210 | +6.1% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
123 Homes Were Sold
Over Asking
Summary: A total of 210 homes were sold or pending in Naperville in June 2024, up by 6.1% month-over-month. Of the 210 sold homes, 28% were sold under asking, 13% were sold at asking, and 59% were sold over asking.
Days on Market for Naperville, IL
How long does it take to sell a home in Naperville, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -5.9% |
Summary: Homes in Naperville had an average of 15 days on market in Jun 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
188 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 210 homes were sold in Naperville; 90% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.