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 April 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

$551,664

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$45,174(+8.9%)

Key Takeaway

Homes in Naperville have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Naperville was $551,664 in April 2024, up 8.9% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $150.5K$170K
+13.0%
2 $267.4K$295.1K
+10.4%
3 $410K$436K
+6.3%
4 $630K$661K
+4.9%
5+ $765K$825.9K
+8.0%

Summary: Naperville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Naperville Township
+28.6%
Naperville
+8.9%
Bolingbrook
+6.3%
Wheatland Township
+6.0%
Lisle Township
+5.7%

Housing Supply in Naperville, IL

How many homes are available in Naperville, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
467561+20.1%

Summary: The Naperville real estate market had 561 homes for sale in April 2024, a 20.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1716
-5.9%
2 106105
-0.9%
3 94120
+27.7%
4 173228
+31.8%
5+ 7792
+19.5%

Summary: The Naperville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 19.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
129181+40.3%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

98 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. 54.1% of homes here sold above asking price last month.

Summary: A total of 181 homes were sold or pending in Naperville in April 2024, up by 40.3% month-over-month. Of the 181 sold homes, 28% were sold under asking, 18% were sold at asking, and 54% 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

Apr 2023Apr 2024CHANGE
21 Days12 Days-39.1%

Summary: Homes in Naperville had an average of 12 days on market in Apr 2024, down by 39.1% compared to last year.

Breakdown of Home Sale Times

162 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 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 April 2024, 181 homes were sold in Naperville; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% 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 1 Day Ago

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