Is Naperville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Naperville Township has remained a Seller's Market.
Housing Prices in Naperville Township, IL
How much do homes in Naperville Township, IL cost?
Median Sold Price
$483,656
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Naperville Township was $483,656 in March 2024, up 31.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $166.7K | +11.2% |
2 Bedrooms | $245.4K | $280K | +14.1% |
3 Bedrooms | $350.2K | $400K | +14.2% |
4 Bedrooms | $560.2K | $640K | +14.2% |
5+ Bedrooms | $720K | $799.2K | +11.0% |
Summary: Naperville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $366.8K | $483.6K | +31.8% |
Warrenville | $270K | $306.5K | +13.5% |
Naperville | $505.8K | $549.4K | +8.6% |
Aurora | $279.3K | $296.1K | +6.0% |
Housing Supply in Naperville Township, IL
How many homes are available in Naperville Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
473 | 593 | +25.4% |
Summary: The Naperville Township real estate market had 593 homes for sale in March 2024, a 25.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 18 | +50.0% |
2 Bedrooms | 99 | 130 | +31.3% |
3 Bedrooms | 146 | 173 | +18.5% |
4 Bedrooms | 160 | 195 | +21.9% |
5+ Bedrooms | 56 | 77 | +37.5% |
Summary: The Naperville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
119 | 157 | +31.9% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Summary: A total of 157 homes were sold or pending in Naperville Township in March 2024, up by 31.9% month-over-month. Of the 157 sold homes, 36% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Naperville Township, IL
How long does it take to sell a home in Naperville Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 23 Days | -5.3% |
Summary: Homes in Naperville Township had an average of 23 days on market in Mar 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
130 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 157 homes were sold in Naperville Township; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.