Is Naperville, 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 has remained a Seller's Market.
Housing Prices in Naperville, IL
How much do homes in Naperville, IL cost?
Median Sold Price
$549,475
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Naperville was $549,475 in March 2024, up 8.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $168K | +12.0% |
2 Bedrooms | $264.9K | $292.6K | +10.4% |
3 Bedrooms | $410K | $433K | +5.6% |
4 Bedrooms | $628.8K | $660K | +5.0% |
5+ Bedrooms | $765K | $810K | +5.9% |
Summary: Naperville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $366.8K | $483.6K | +31.8% |
Naperville | $505.8K | $549.4K | +8.6% |
Bolingbrook | $314.7K | $329.8K | +4.8% |
Wheatland Township | $520K | $543.2K | +4.5% |
Lisle Township | $392.6K | $400.5K | +2.0% |
Housing Supply in Naperville, IL
How many homes are available in Naperville, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
366 | 476 | +30.1% |
Summary: The Naperville real estate market had 476 homes for sale in March 2024, a 30.1% 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 | 81 | 109 | +34.6% |
3 Bedrooms | 74 | 101 | +36.5% |
4 Bedrooms | 145 | 173 | +19.3% |
5+ Bedrooms | 54 | 75 | +38.9% |
Summary: The Naperville 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 34.6%, 3 bedroom homes increased by 36.5%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 124 | +44.2% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 124 homes were sold or pending in Naperville in March 2024, up by 44.2% month-over-month. Of the 124 sold homes, 35% were sold under asking, 15% were sold at asking, and 49% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -2.0% |
Summary: Homes in Naperville had an average of 24 days on market in Mar 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 124 homes were sold in Naperville; 82% 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.