Is Naperville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$497,701
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Naperville Township was $497,701 in May 2024, up 25.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $172.5K | +14.2% |
2 Bedrooms | $253.2K | $285K | +12.5% |
3 Bedrooms | $365.1K | $400K | +9.6% |
4 Bedrooms | $585.2K | $651K | +11.2% |
5+ Bedrooms | $729K | $823K | +12.9% |
Summary: Naperville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $397.3K | $497.7K | +25.3% |
Warrenville | $275.5K | $310K | +12.5% |
Naperville | $507.8K | $558.1K | +9.9% |
Aurora | $280.5K | $300.5K | +7.1% |
Housing Supply in Naperville Township, IL
How many homes are available in Naperville Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
692 | 779 | +12.6% |
Summary: The Naperville Township real estate market had 779 homes for sale in May 2024, a 12.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 14 | -12.5% |
2 Bedrooms | 134 | 146 | +9.0% |
3 Bedrooms | 197 | 219 | +11.2% |
4 Bedrooms | 259 | 306 | +18.1% |
5+ Bedrooms | 86 | 94 | +9.3% |
Summary: The Naperville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
232 | 232 | 0.0% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
139 Homes Were Sold
Over Asking
Summary: A total of 232 homes were sold or pending in Naperville Township in May 2024, the same as the previous month. Of the 232 sold homes, 31% were sold under asking, 9% were sold at asking, and 60% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 15 Days | +14.2% |
Summary: Homes in Naperville Township had an average of 15 days on market in May 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
211 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 232 homes were sold in Naperville Township; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.