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 September 2023*.
September 2023 Housing Market Report for Naperville, Illinois
The Month’s Supply of Inventory (MSI) for attached and detached homes in Naperville for September 2023 has increased and is now slightly above the 1.25 Month’s Supply of Inventory mark. In Naperville, there were 188 attached and detached homes available for sale. And, we had 144 homes close which is down 13.25% year over year from Sept. 2022. The average selling price per square foot for September 2023 was $239, decreasing just a bit from August 2023. The average days on market stayed steady at 17 days.
As the national real estate market balances out, Chicagoland homes continue to appreciate, according to new data from the Mainstreet Organization of REALTORS®.“While we analyze the data each month looking to see something drastic, the reality is that in Chicagoland we don’t have major shifts, and that’s why we love this market so much,” Mainstreet Past President Debbie Pawlowicz said in a press release. “Our economy is diverse and healthy, leading to a more steady, reliable real estate market.”
Curious as to what you should do in your unique situation? Give The Ville Team a call to consider your best solutions and next moves. 630-420-8834
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 – Sept 2023. September 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.
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.