Is Naperville Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Naperville Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Naperville Township has remained a Seller's Market.

Key Takeaway

Naperville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Naperville Township, IL

How much do homes in Naperville Township, IL cost?

Median Sold Price

$490,573

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$109,052(+28.6%)

Key Takeaway

Homes in Naperville Township have sold for 28.6% more than they did a year ago.

Summary: The median home sold price in Naperville Township was $490,573 in April 2024, up 28.6% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $150K$170K
+13.3%
2 $250K$282.4K
+13.0%
3 $355K$400K
+12.7%
4 $569K$645.3K
+13.4%
5+ $720K$817.5K
+13.5%

Summary: Naperville Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Cities

Naperville Township
+28.6%
Warrenville
+10.0%
Naperville
+8.9%
Aurora
+7.1%

Housing Supply in Naperville Township, IL

How many homes are available in Naperville Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
585694+18.6%

Summary: The Naperville Township real estate market had 694 homes for sale in April 2024, a 18.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1716
-5.9%
2 126136
+7.9%
3 169188
+11.2%
4 194259
+33.5%
5+ 7995
+20.3%

Summary: The Naperville Township 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 increased by 7.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes increased by 20.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
163222+36.2%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

124 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naperville Township, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.

Summary: A total of 222 homes were sold or pending in Naperville Township in April 2024, up by 36.2% month-over-month. Of the 222 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.

Days on Market for Naperville Township, IL

How long does it take to sell a home in Naperville Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
20 Days13 Days-36.8%

Summary: Homes in Naperville Township had an average of 13 days on market in Apr 2024, down by 36.8% compared to last year.

Breakdown of Home Sale Times

197 Homes Were Sold
Under 30 Days

21 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 222 homes were sold in Naperville Township; 89% of homes were sold within 30 days, 9% 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

Newest Listings in Naperville Township, IL

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