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 February 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

$543,528

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$35,700(+7.0%)

Key Takeaway

Homes in Naperville have sold for 7% more than they did a year ago.

Summary: The median home sold price in Naperville was $543,528 in February 2024, up 7% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $149K$165K
+10.7%
2 $261.6K$292K
+11.6%
3 $410K$429.5K
+4.8%
4 $630K$654.4K
+3.9%
5+ $770.7K$800K
+3.8%

Summary: Naperville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Cities

Naperville Township
+33.8%
Naperville
+7.0%
Bolingbrook
+3.6%
Wheatland Township
+1.9%
Lisle Township
+1.0%

Housing Supply in Naperville, IL

How many homes are available in Naperville, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
271364+34.3%

Summary: The Naperville real estate market had 364 homes for sale in February 2024, a 34.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1113
+18.2%
2 5380
+50.9%
3 5073
+46.0%
4 112140
+25.0%
5+ 4558
+28.9%

Summary: The Naperville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 50.9%, 3 bedroom homes increased by 46%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
7382+12.3%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

38 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. 46.3% of homes here sold above asking price last month.

Summary: A total of 82 homes were sold or pending in Naperville in February 2024, up by 12.3% month-over-month. Of the 82 sold homes, 44% were sold under asking, 10% were sold at asking, and 46% 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

Feb 2023Feb 2024CHANGE
34 Days25 Days-25.7%

Summary: Homes in Naperville had an average of 25 days on market in Feb 2024, down by 25.7% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

7 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 February 2024, 82 homes were sold in Naperville; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 28 Days Ago

Newest Listings in Naperville, IL

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