Is Naperville Township, 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 Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $170K | +13.3% |
2 Bedrooms | $250K | $282.4K | +13.0% |
3 Bedrooms | $355K | $400K | +12.7% |
4 Bedrooms | $569K | $645.3K | +13.4% |
5+ Bedrooms | $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 | $381.5K | $490.5K | +28.6% |
Warrenville | $280K | $308K | +10.0% |
Naperville | $506.4K | $551.6K | +8.9% |
Aurora | $280K | $299.9K | +7.1% |
Housing Supply in Naperville Township, IL
How many homes are available in Naperville Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
585 | 694 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 16 | -5.9% |
2 Bedrooms | 126 | 136 | +7.9% |
3 Bedrooms | 169 | 188 | +11.2% |
4 Bedrooms | 194 | 259 | +33.5% |
5+ Bedrooms | 79 | 95 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 222 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 13 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
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.