Naperville, IL housing inventory for single detached homes is currently at 251 homes. With Naperville being the 3rd largest city in Illinois, with aproximately 149,657 this level is still pretty low and based on the multi-offer situations going on buyers are still making Naperville a favorite place to call home.
The current breakdown on available listings is:
New - 47
Reactivated - 5
Price Change 11
Active - 188
Total - 251
An interesting fact is that 21% of the homes or 53 are Million and up with the highest currently listed at $10,500M.
There are currently 368 listings under contract and 34 in pending* status.
The latest May statistics for May 2021 vs May 2020 show that 230 homes closed in May which was a whopping 56.5% increase from 2020's 147. Considering the circumstances and the fact that people are feeling more comfortable about leaving their homes and starting to resume daily activiites this is to be expected. The average days on the market has also decreased from 2020's 96 days to May, 2021 to 39 days which is a 59.4% decrease. The median sale price increased 20.3% from 2020's $440,000 median price to May's $529,237. This is to be expected with multi-offerss becoming the norm in certain neighborhoods and "move-in-homes" fetching 25 to 100K over list price.
If you are looking to make a move to Naperville, IL - give me a call at 630-251-0059.
*Pending - ready to close - all contingencies met including financing. Should close within days.
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