Is Naperville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Naperville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149K | $165K | +10.7% |
2 Bedrooms | $261.6K | $292K | +11.6% |
3 Bedrooms | $410K | $429.5K | +4.8% |
4 Bedrooms | $630K | $654.4K | +3.9% |
5+ Bedrooms | $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 | $359.7K | $481.2K | +33.8% |
Naperville | $507.8K | $543.5K | +7.0% |
Bolingbrook | $313.7K | $325K | +3.6% |
Wheatland Township | $522K | $531.8K | +1.9% |
Lisle Township | $395K | $398.8K | +1.0% |
Housing Supply in Naperville, IL
How many homes are available in Naperville, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
271 | 364 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 53 | 80 | +50.9% |
3 Bedrooms | 50 | 73 | +46.0% |
4 Bedrooms | 112 | 140 | +25.0% |
5+ Bedrooms | 45 | 58 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
73 | 82 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 25 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
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.