Is Naperville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Naperville Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $155K | +6.9% |
2 Bedrooms | $232.5K | $268.4K | +15.4% |
3 Bedrooms | $324.2K | $385.2K | +18.8% |
4 Bedrooms | $520K | $620.6K | +19.4% |
5+ Bedrooms | $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 | $330.4K | $447.7K | +35.5% |
Aurora | $257.7K | $281.4K | +9.2% |
Naperville | $482.5K | $521.2K | +8.0% |
Warrenville | $265K | $279.9K | +5.6% |
Housing Supply
How many homes are available in Naperville Township, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
719 | 758 | +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
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 13 | +85.7% |
2 Bedrooms | 114 | 132 | +15.8% |
3 Bedrooms | 194 | 219 | +12.9% |
4 Bedrooms | 326 | 304 | -6.7% |
5+ Bedrooms | 78 | 90 | +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 2023 | Aug 2023 | CHANGE |
---|---|---|
266 | 236 | -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
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 2022 | Aug 2023 | CHANGE |
---|---|---|
13 Days | 16 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
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.