The main question we always get asked as real estate agents – how’s the market? Check out the latest update on the Naperville area’s housing market and the Naperville Housing Market Trends Report for April 2023*.
April 2023 Housing Market Report for Naperville, Illinois
The Month’s Supply of Inventory (MSI) for attached and detached homes in Naperville for April 2023 went down again to only 1.05 MSI. In Naperville, there were 166 attached and detached homes available for sale. In April 2023, 158 homes closed which is up over 8% from the previous month. And, the average selling price for April 2023 was $534,735, just about the same as last April.
The average days on market decreased again and is now only 21 days. The price per square foot is $230 up 4% from where they were in April 2022. Homes are still selling for over 100% of the listing price.
“Spring is typically the busiest season for the residential housing market and, despite rates hovering in the mid-6% range, this year is no different,” Sam Khater, Freddie Mac’s chief economist said. “Interested homebuyers are acclimating to the current rate environment, but the lack of inventory remains a primary obstacle to affordability.”
Simply put – Don’t allow fear or uncertainty stop you from investing in yourself and your home! If you’re thinking about selling, NOW is the time! If the news has you shying away from buying or selling your home, contact The Ville Team so we can fill you in on what’s really going on in the local market.
For more information, click here to download the Full Market Report – Naperville.
Click here to download the Market Report by Price Point for Naperville.
*Based on information from Midwest Real Estate Data LLC for property type(s) Single Family, Townhome, Condominium in the price range $0 – $999,999,999 for the period Jan 2023 – April 2023. April 2023 stats are compared to previous 3 months’ average. Source data is deemed reliable but not guaranteed.
What about the housing market report in other areas?
Plainfield, Illinois
Download the Full Market Report and/or the Market Report by Price Point for Plainfield, Illinois.
Bolingbrook, Illinois
Download the Full Market Report and/or the Market Report by Price Point for Bolingbrook, Illinois.
Lemont, Illinois
Download the Full Market Report and/or the Market Report by Price Point for Lemont, Illinois.
Ready to buy or sell your home? Contact The Ville Team today at (630) 420-8834.
Click here to see previous Housing Marketing Reports.