Naperville, IL home prices and housing market

Naperville home values are up more than five percent this year, and homes are selling in about thirty days. If you have wondered whether the window to sell well here is still open, the short answer is yes, and here is why. The typical Naperville home is now worth about six hundred thirty-seven thousand dollars, up about five percent from a year ago. Homes are moving fast, with a median of just thirty days on market, so well priced listings are not sitting around. And supply is thin, only about 300 homes for sale in the whole city, with roughly 168 new listings coming on. Here is the part worth watching. Sellers are pushing their asking prices, the median list price sits near six hundred sixty-two thousand dollars, about twenty-five thousand dollars above the typical value. Yet only about sixteen percent of listings have had to cut, which tells you buyers are still meeting those prices. For you, that means you can price with confidence right now, but the gap between asking and typical value says a stretch price still has to be justified. Overreach and you will wait while correctly priced homes move first. To see where your home lands in this market, get a free home value estimate at Home Value Pros dot com.