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 June 2023

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.

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

+$59,270(+11.8%)

Key Takeaway

Homes in Naperville have sold for 11.8% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $154K$173K
+12.3%
2 $275K$299.9K
+9.1%
3 $410.1K$445K
+8.5%
4 $630K$685.5K
+8.8%
5+ $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
+21.3%
Naperville
+11.8%
Bolingbrook
+11.4%
Lisle Township
+7.8%
Wheatland Township
+7.4%

Housing Supply in Naperville, IL

How many homes are available in Naperville, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
604652+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

# BEDSMay 2024Jun 2024CHANGE
1 1313
0.0%
2 98105
+7.1%
3 126133
+5.6%
4 283311
+9.9%
5+ 8490
+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 2024Jun 2024CHANGE
198210+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naperville, you could pay more than the asking price. 58.6% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
16 Days15 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

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