Hey there, it's The Kombrink Team at One Source Realty, your neighborhood REALTOR® team bringing you the latest market update for Naperville, Illinois.

Current Market Snapshot

1. Inventory Levels

  • Months Supply of Inventory: 1.27 months
  • Year-over-Year Change: Decrease of nearly 40%
  • This significant drop indicates a highly competitive market for both buyers and sellers.

Naperville IL May 2024 Months Supply of Housing Inventory

2. Pricing Trends

  • List to Sold Price Percentage: 101.6%
  • Sellers are getting top dollar for their homes, often receiving more than the listing price.

Naperville IL May 2024 List to Sale Price Percentage

3. Speed of Sales

  • Median Days on Market: 10 days
  • Properties are moving quickly in this hot market, reflecting high buyer demand.

Naperville IL May 2024 Median Days on Market

4. Median Sold Price

  • Current Median Sold Price: $569,750
  • This solid figure demonstrates the strong demand for homes in Naperville.

Naperville IL May 2024 Median Sold Price

What This Means for You

  • For Buyers:

    • The competitive market requires quick decision-making and strong offers.
    • Partnering with an experienced Realtor can help you navigate bidding wars and secure your dream home.
  • For Sellers:

    • High demand and quick sales mean it's an excellent time to list your property.
    • You can expect to receive competitive offers, often above the asking price.

Ready to Make a Move?

Whether you're a buyer looking to snag a deal in this competitive market or a seller wanting to capitalize on the high demand, now is the time to make a move in Naperville.

Contact The Kombrink Team

If you're ready to take the next step in your real estate journey, we're here to help. Reach out to The Kombrink Team and let's make your real estate dreams a reality in Naperville.

Posted by The Kombrink Team on


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