Naperville Home Prices & Real Estate Report: April 2014

The “Spring Market” Starts On a Good Foot.


The charts below represent a rolling 12-month average (or cumulative amount for some statistics) to better show the actual trends in the market.  This data is specifically for sales of traditional resale single-family homes and does not include foreclosure, short-sale, or condo/townhome data.

(also:  find out how the Naperville housing market looks today with our live market data feed coming right from the MLS database as well as search Naperville homes for sale)

Average Home Sale Prices

The average Naperville home price in April was $449,283, which is about the same as last month and a 4.8% increase over last April.

 

Average Original List Price

The price sellers originally put on their homes is up about 1% from a year ago to $527,438.  This is down slightly from a peak last month but is still about the highest it’s been recently.

How Long Does It Take A Naperville Home To Sell?

Across all price ranges, the average time it takes a house to sell is about 9 weeks.  This is down drastically from 12 months ago.  Different price ranges have different selling times and the higher-priced homes take a little longer at 101 on average.

How Much Are Sellers Getting?

Sellers continue to get more money than last year.  The average sale price is 95.7% of the original asking price.  This is up 2.3% from last April.  The price range in the $350K to $500K gets the most with an average of 97.1%.  This is up 2.9% from last year.

Housing Inventory Supply

While most price ranges saw a very slight increase in the inventory supply, the average is still quite low at about 3.5 months.  This basically means that sellers have a bit of an advantage because there just aren’t that many homes available for buyers.

How Many Homes Are For Sale?

In correlation to the supply, we see a handful more homes for sale this April than last.  This is a 0.8% increase.

How Many Homes Sold?

The higher end of the market continues to see improvements over the last 12 months.  There was an increase of 20% more homes sold in the $350-$500K range  and 35% more homes sold in the $500K+ range.  Obviously, great news for these home sellers.

Summary

The “Spring Market” is here and Naperville home prices are going in the right direction for sellers, especially the high-end ones.  Supply levels are staying relatively constant and buyers are still out there looking to buy.  Overall, it’s a good time to be in the market for both sides.

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Thinking of buying or selling?  Let me know what you need the most help with and I can get you started on what to do next.  – John Reh

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Naperville Real Estate Report: March 2014 Data

Naperville’s real estate market finished the first quarter strong.


Real estate continued to gain strength as compared to a year ago.  The charts below represent a rolling 12-month average (or cumulative amount for some statistics) to better show the actual trends in the market.  This data is specifically for sales of traditional resale single-family homes and does not include foreclosure, short-sale, or condo/townhome data.

(also:  find out how the Naperville housing market looks today with our live market data feed coming right from the MLS database)

Average Home Sale Prices

The average price of a single-family home in Naperville was up 4.8% as compared to a year ago.  The average in March was $449,070.

[Read more…]

Naperville Home Prices, Report – February 2014

How’s the Housing Market?  February Continued To Be Strong.


Here’s a summary of how the Naperville housing market looked in February.  The charts below represent a rolling 12-month average (or cumulative amount for some statistics) to better show the actual trends in the market.  This data is specifically for sales of traditional resale single-family homes and does not include foreclosure, short-sale, or condo/townhome data.

(also:  find out how the Naperville housing market looks today with our live market data feed coming right from the MLS database) [Read more…]

Naperville Home Prices, Trends, Data – January 2014

How’s the market?  The first month of 2014 was a good one for Naperville home prices.


The trends in the real estate market continue to point upwards as the data below will show.  Here’s a summary of how the Naperville housing market ended up in January.  The charts below represent a rolling 12-month average (or cumulative amount for some statistics) to better show the actual trends in the market.  This data is specifically for sales of traditional resale single-family homes and does not include foreclosure, short-sale, or condo/townhome data.

(also:  find out how the Naperville housing market looks today with our live market data feed coming right from the MLS database)

Average Home Sale Prices

The average home sale price was up 4.6% to to $445,582.  That’s just about $20,000 more than a year ago.

 

[Read more…]

Naperville Real Estate Trends, Prices: November 2013 Market Summary

Naperville’s housing market continues to improve through the end of this year.  Here’s a summary of the market through November, 2013.  The charts below represent a rolling 12-month average (or cumulative amount for some statistics) specifically for sales of traditional resale single-family homes (no foreclosure, short-sale, or condo/townhome data).

[Read more…]

Naperville Home Prices, Trends – October 2013 Real Estate Market Report

Here is the Naperville real estate report for October, 2013.

Naperville Home Sale Prices

The average home price for single-family home across all price ranges was $442,367.  That’s an improvement of 3.8% over October of 2012 when the average price was $426,109.

Average List Prices

The average original list price is up 4.5% over a year ago.  The most current average list is $528,356. [Read more…]

Naperville Housing Prices, Trends – September 2013 Market Report

Here is the Naperville real estate report for September, 2013.

This September was an improvement from last year.  Overall, there were 14.7% more listings, 16.4% more sales, and 15.2% fewer homes on the market as compared to 12 months ago.

This continues to be good news for the Naperville housing market.

naperville housing market stats for september 2013naperville detached home statistics september 2013naperville attached home statistics september 2013

Naperville Home Sale Prices

Single-family home sales prices rose slightly by a little less than 1%.  The average price was $423,688.  Detached homes made a larger increase at 12.8% to raise the average to $193,745.  Luxury home prices have dropped as compared to last September while all other price ranges have remained stable. [Read more…]

Naperville Home Prices, Trends – August 2013 Market Report

Here is the Naperville real estate report for August, 2013.  This month continues to outpace the year-ago period.  As compared to last August across all home types, there were 30.7% more listings, 33.3% more closed sales, and 14.9% less inventory available.

Fewer homes + more demand = higher prices, as we see below.

August 2013 housing statistics for naperville real estate naperville detached home stats summary august 2013 naperville attached home stats summary august 2013 [Read more…]

Naperville Real Estate Trends, Prices, Listings – June 2013 Update

Here is the Naperville real estate market summary for June, 2013.  Overall, we’re still seeing positive news for sellers across all price ranges.  Buyers are suffering more and more right now though.  With that said, let’s first start with how much homes are selling for.

Naperville Home Prices

The average home price in June, 2013 was $385,768.  This is an increase of nearly 8% over last June’s average of $357,805.  When we break down sales into price range groups, we see that prices have gone up in all ranges until we step into homes priced more than about $525,000.  On average, prices in that range have come down 2.8% over the past year to an average of $645,428.

naperville average home prices, june 2013average naperville home prices across price ranges

Average Listing Prices

The average price people are asking for their home was virtually unchanged from last year at $446,210.  [Read more…]

Naperville Real Estate Trends And Statistics – May 2013

real estate data in naperville

The housing market in Naperville continues to get better and better.

These real estate trends show that May was another great month with improvements in all major statistical categories such as average sale price, new listings, and average market time.

Naperville Real Estate Summary

  • The number of new homes for sale increased 41% from May 2012 to 2013.  There were 361 new listings posted last month.
  • 168 homes were sold in May, a jump of 7.7%.
  • The average sale price of a Naperville home was $460,525.  Great news for sellers since this is a 13.4% increase from last year.
  • If you’re trying to figure out how much you can expect to sell your house for as compared to your list price, the average sale is netting 95.1% of the asking price.
  • It’s currently taking about 3 months to sell a home in this area. [Read more…]