Home Prices in Naperville IL for March 2016

Real Estate Agent with Keller Williams Inspire RE# 21466

Home Prices in Naperville IL for March 2016

Real estate market data for Naperville, IL provided by Anthony McCullough of Keller Williams Fox Valley.


Naperville Home Prices


We have seen 3 months of strong listing prices on home prices in Naperville and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Naperville but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Naperville home on which you are making an offer.


Naperville IL March 2016 Price trends

If you are interested in how much current inventory is on the market in Naperville you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Naperville, homes have a median time of 44 days on the market before they sell. This would suggest that buyers must make aggresive and quick offers on a homes of interest. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Naperville over the past few months has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. 



Naperville 2016 march inventory trends





Naperville Real Estate Stats Summary

Naperville 2016 march stats


Find Homes for Sale in Naperville, IL

Visit my website to search for homes in Naperville or to be notified when Naperville homes come on the market.

To find out what you home is worth in the current market Click HERE or call 224-276-6201.


Provided courtesy of  Anthony McCullough 
Keller Williams Fox Valley 
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Comments (2)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Anthony McCullough Thank you for sharing this market news.  This is valuable information for buyers, sellers and prospective clients!  Well done, and very professional!

Mar 13, 2016 01:16 AM
Anthony McCullough
Keller Williams Inspire - Elgin, IL
Your Chicagoland Real Estate Connection

Thanks for the great comments Jim. Have a wonderful weekend!!

Mar 13, 2016 10:24 AM