Is Naperville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$551,664
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.5K | $170K | +13.0% |
2 Bedrooms | $267.4K | $295.1K | +10.4% |
3 Bedrooms | $410K | $436K | +6.3% |
4 Bedrooms | $630K | $661K | +4.9% |
5+ Bedrooms | $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 | $381.5K | $490.5K | +28.6% |
Naperville | $506.4K | $551.6K | +8.9% |
Bolingbrook | $315K | $334.7K | +6.3% |
Wheatland Township | $518.3K | $549.2K | +6.0% |
Lisle Township | $386.1K | $408.3K | +5.7% |
Housing Supply in Naperville, IL
How many homes are available in Naperville, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
467 | 561 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 16 | -5.9% |
2 Bedrooms | 106 | 105 | -0.9% |
3 Bedrooms | 94 | 120 | +27.7% |
4 Bedrooms | 173 | 228 | +31.8% |
5+ Bedrooms | 77 | 92 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 181 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 12 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
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.