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 March 2023

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 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

+$116,802(+31.8%)

Key Takeaway

Homes in Naperville Township have sold for 31.8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $150K$166.7K
+11.2%
2 $245.4K$280K
+14.1%
3 $350.2K$400K
+14.2%
4 $560.2K$640K
+14.2%
5+ $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
+31.8%
Warrenville
+13.5%
Naperville
+8.6%
Aurora
+6.0%

Housing Supply in Naperville Township, IL

How many homes are available in Naperville Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
473593+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

# BEDSFeb 2024Mar 2024CHANGE
1 1218
+50.0%
2 99130
+31.3%
3 146173
+18.5%
4 160195
+21.9%
5+ 5677
+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 2024Mar 2024CHANGE
119157+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naperville Township, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
24 Days23 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

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 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.

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

Report Updated 19 Days Ago

Newest Listings in Naperville Township, IL

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