1. Current Housing Inventory
As of February 2025, Naperville has a 1.1 Months Supply of Inventory. This means that if no new homes were listed, it would take just over a month to sell all available homes at the current sales pace. Over the last 12 months, the Months Supply of Inventory has decreased by 4%, indicating a competitive market for both buyers and sellers.
2. Sold to List Price Ratio
The Sold to List Price percentage in Naperville remains strong at 98.1%. This means that, on average, sellers are receiving nearly their full asking price, reflecting a robust and balanced market.
3. Median Days on Market
Homes in Naperville are selling quickly, with a median of just 20 days on the market. This suggests strong buyer demand and a fast-moving market, making it essential for buyers to act quickly when they find a home they love.
4. Median Sold Price
The median sold price in Naperville is $539,000. This figure represents the midpoint of all sales, providing a clear picture of current home values in the area.
What This Means for Buyers and Sellers
For Buyers:
-
Act fast – With homes selling in just 20 days on average, waiting too long to make an offer could mean missing out.
-
Be competitive – The high Sold to List Price percentage means most homes sell close to asking price. Be prepared to make strong offers.
-
Work with a knowledgeable REALTOR® – Having expert guidance can help you navigate this competitive market successfully.
For Sellers:
-
High demand benefits you – The low inventory means buyers are eager, making it an excellent time to sell.
-
Pricing strategically is key – Homes are selling close to asking price, but overpricing could still deter buyers.
-
Presentation matters – A well-staged home and strong marketing strategy will ensure you attract serious buyers quickly.
Final Thoughts
The Naperville real estate market remains highly competitive, making it essential for both buyers and sellers to stay informed. Whether you're looking to purchase your dream home or sell your property for top dollar, working with an experienced real estate team can make all the difference.
If you have any questions or need personalized assistance, don’t hesitate to reach out to us at The Kombrink Team at One Source Realty. We’re here to help you navigate the Naperville real estate market and achieve your goals.
Stay informed, stay engaged, and let's make your real estate dreams a reality!
Frequently Asked Questions (FAQs)
1. What does a 1.1 Months Supply of Inventory mean?
The Months Supply of Inventory refers to how long it would take to sell all homes currently on the market if no new listings were added. A lower number indicates a seller’s market, while a higher number suggests a buyer’s market.
2. Is Naperville a seller’s market right now?
Yes, with low inventory and high demand, Naperville remains a competitive market where sellers have the advantage.
3. How can buyers be more competitive in this market?
Buyers should get pre-approved for a mortgage, work with an experienced REALTOR®, and be ready to make a strong offer quickly.
4. What factors affect the Sold to List Price percentage?
Pricing strategy, market conditions, home condition, and buyer demand all impact how close a home sells to its listing price.
5. Should I wait to buy or sell in Naperville?
Market conditions are favorable for both buyers and sellers. If you’re considering a move, consulting with a real estate expert can help you determine the best timing for your situation.
For more updates on the Naperville real estate market, follow us at The Kombrink Team at One Source Realty. Let’s make your next real estate move a successful one!
Posted by The Kombrink Team on
Leave A Comment