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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Naperville Township is a seller's market

Buyer's
Market

Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Naperville Township, IL cost?

Median Sold Price

$447,765

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$117,269(+35.5%)

Key Takeaway

Homes in Naperville Township have sold for 35.5% more than they did a year ago.

Summary: The median home sold price in Naperville Township was $447,765 in August 2023, up 35.5% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $145K$155K
+6.9%
2 $232.5K$268.4K
+15.4%
3 $324.2K$385.2K
+18.8%
4 $520K$620.6K
+19.4%
5+ $660K$767K
+16.2%

Summary: Naperville Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 16.2%.

Median Sold Price Compared To Nearby Cities

Naperville Township
+35.5%
Aurora
+9.2%
Naperville
+8.0%
Warrenville
+5.6%

Housing Supply

How many homes are available in Naperville Township, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
719758+5.4%

Summary: The Naperville Township real estate market had 758 homes for sale in August 2023, a 5.4% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 713
+85.7%
2 114132
+15.8%
3 194219
+12.9%
4 326304
-6.7%
5+ 7890
+15.4%

Summary: The Naperville Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 85.7%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
266236-11.3%

Asking Price vs. Sold Price

78 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

131 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naperville Township, you could pay more than the asking price. 55.5% of homes here sold above asking price last month.

Summary: A total of 236 homes were sold or pending in Naperville Township in August 2023, down by 11.3% month-over-month. Of the 236 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market

How long does it take to sell a home in Naperville Township, IL?

Average Sale Time

Aug 2022Aug 2023CHANGE
13 Days16 Days+20.7%

Summary: Homes in Naperville Township had an average of 16 days on market in Aug 2023, up by 20.7% compared to last year.

Breakdown of Home Sale Times

206 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 236 homes were sold in Naperville Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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 25 Days Ago

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Nearby Markets

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