Here is a look at what has been going on in Naperville over the past month. Instead of trying to take a look at a specific month, like March, I figured the best thing to do in being current was to just post and the statistics in that post are a look at the past month from that date. Make sense? That way we are staying as current as possible because let’s face it…if I’m posting at the end of April on March’s statistics then who cares? I like up to date when I’m gathering information and so from here on out my statistics will be based on the day of the post and not for a conventional month. I will be looking at Detached Single Family and Attached Single Family. I will be looking at ACTIVE, UNDER CONTRACT, EXPIRED and SOLD. Combined with these statistics I will provide up to date Absorption Rates. On top I will be sharing anything that I feel is worth sharing. As always if you would like a specific neighborhood talked about or would like me to provide specific statistics just let me know. I’m always happy to help. Here we go:
Naperville Detached Single Family Homes
Under Contact: Naperville saw 158 units go under contract in the past month. The average market time for these was 166 days. Median list price was $422,000. Average sales price was $538,667. Looks like the price range with the most under contract was $350,000-$399,900 with 30 units and 120 days on market. Longest market time is the $900,000-999,999 price range at 397 days on market.
Active Listings: In Naperville we have 1,076 properties for sale with an average market time of 195 days. Median list price is $539,900 while the average price is $697,279. The highest property for sale currently in Naperville is listed at $4,350,000. Surprisingly the price range with the most current listings is the $1,000,000-1,999,999 range with 165 properties for sale. Wow. That’s a lot of million dollar properties for sale. Not to mention the 21 other properties listed above $2,000,000. Market time for properties under $700,000 seems to be pretty consistent at roughly 130 days.
Expired Listings: In a “hot” market this is something I wouldn’t normally talk about because the numbers would be so small. But with today’s market here in Naperville I figured it is a great way to show what is going on out there. Over the past month Naperville saw 41 properties expire off the market. Average market time at 286 days.
Sold Properties: This one just blew my mind. In Naperville, a city of close to 150,000 residents, there were only 6 closings in that past month for single family homes. I triple checked to make sure I wasn’t mistaken and it is true. The past two month saw something in the neighborhood of 50 properties but that past month was only 6. I was shocked by this number. Average market time was really good at 95 days for those 6 units. Median sale price at $368,000. I anticipate these numbers to increase significantly in the next month based on what I’m seeing out there today.
- Current Absorption Rate for Naperville Detached Single Family Homes is: 6.81 months.
Naperville Attached Single Family Homes (condos/townhomes)
Under Contract: Currently 76 properties under contract in Naperville. Average market time is 138 days. Median List Price is $196,950 with and Average List Price of $221,134. The $150,000-199,999 price range has the most under contract with 23. Highest attached single family home went under contract listed at $630,000.
Active Listings: There are 508 attached single family homes currently available in Naperville. Most popular price range is the $150,000-199,999 with 150 on market. Average market time for all attached properties is 149 days with a Median List Price of $215,000 and an Average List Price of $282,701. Highest priced attached single family currently available in Naperville is on market for $2,290,000. Any takers?
Expired Listings: 16 units expired over the past month in Naperville. Average market time for those 16 units was 225 days. Median List Price was $212,400.
Sold Properties: Like the Detached Single Family I’m a bit surprised at the numbers for the Attached Single Family that have sold. Only 8. Market time was 166 days average for those 8. Only two price ranges were even represented: $150-199,999 & $500-549,999.
- Absorption Rate for Attached Single Family Homes in Naperville: 6.68 months.
