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 October 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

$504,369

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,904(+7.9%)

Key Takeaway

Homes in Naperville Township have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Naperville Township was $504,369 in October 2024, up 7.9% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $159K$173.9K
+9.4%
2 $270.6K$295.3K
+9.1%
3 $391.7K$423.3K
+8.1%
4 $629.8K$680.3K
+8.0%
5+ $765K$887.5K
+16.0%

Summary: Naperville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Cities

Warrenville
+9.7%
Aurora
+8.9%
Naperville
+8.2%
Naperville Township
+7.9%

Housing Supply in Naperville Township, IL

How many homes are available in Naperville Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
632678+7.3%

Summary: The Naperville Township real estate market had 678 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 142173
+21.8%
3 188186
-1.1%
4 212223
+5.2%
5+ 8589
+4.7%

Summary: The Naperville Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 21.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 4.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
199197-1.0%

Asking Price vs. Sold Price

99 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

67 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naperville Township, you may be able to get a good deal. 50.3% of homes here sold below asking price last month.

Summary: A total of 197 homes were sold or pending in Naperville Township in October 2024, down by 1.0% month-over-month. Of the 197 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% 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

Oct 2023Oct 2024CHANGE
14 Days16 Days+9.8%

Summary: Homes in Naperville Township had an average of 16 days on market in Oct 2024, up by 9.8% compared to last year.

Breakdown of Home Sale Times

160 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 197 homes were sold in Naperville Township; 81% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 1% 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 16 Days Ago

Newest Listings in Naperville Township, IL

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