The Naperville, IL active home listings market survey was compiled from statistics gleaned from the Multiple Listing Service of Northern Illinois. It consists of the following criteria:
Status: Active, Back on Market, New, Price Change, Re-activated
Property Type: Detached Single Family Home
Area: Naperville, Illinois
Months Back: All Months
The Naperville Active Listings Survey represents all current active detached single family homes on the market in Naperville, IL as of October 10, 2007. As of this date, there are currently 1019 detached single family homes on the market in Naperville, IL, representing a total dollar value of $713,000,000. The average market time is 186 days with the median list price coming in right at $540,000. This includes 174 homes that are listed at $1,000,000 or more which have been on the market for an average of 250 days. The lowest priced listing is $160,009, while the highest priced listing came in at $3,350,000. The average list price in Naperville, IL for a single family home is currently at $699,288.
It definitely is still a buyer’s market due to the vast inventory of homes currently available. Buyers are taking their time when it comes to making a decision about their purchase. Naperville real estate still represents an area where buyers can find very affordable housing in the $250,000 to $400,000 range. There are approximately 300 properties on the market in Naperville that are within this price range.
There are a number of dynamics that can affect a property’s market time. The single most important thing a seller can do to lessen the time their home is on the market is to price their home correctly the first time.
Naperville sellers typically see the highest number of showings when the house first comes on the market. Although we currently find ourselves in a softer market we can see fluctuation in the number of showings. The main reason a home will languish on the market without selling is incorrect pricing. It’s important to get the benefit of an experienced real estate agent, particularly in a market where you are competing with many more properties and fewer buyers.
Naperville, IL Single Family Homes - Active Listings
List Price Range —–No. Listings —-Avg. Market Time
$150,000 - $199,999 ——- 1 —————- 704 days
$200,000 - $249,999 ——- 10 ————— 73 days
$250,000 - $299,999 ——- 56 ————– 133 days
$300,000 - $349,999 ——106 ————— 113 days
$350,000 - $399,999 ——117 ————— 137 days
$400,000 - $449,999 ——- 88 ————— 136 days
$450,000 - $499,999 ——- 81 ————— 146 days
$500,000 - $549,999 ——- 71 ————— 138 days
$550,000 - $599,999 ——- 61 ————— 175 days
$600,000 - $699,999 ——105 ————— 151 days
$700,000 - $799,999 ——- 74 ————— 205 days
$800,000 - $899,999 ——- 44 ————— 272 days
$900,000 - $999,999 ——- 31 ————— 280 days
$1,000,000 - $1,999,999 —151 ————- 337 days
$2,000,000 - $2,999,999 —-21 ————- 261 days
$3,000,000 - $3,999,999 —-2 ————– 152 days
For more information on how to price your house right the first time, to sell it as fast as you can, while not leaving any of your hard-earned equity on the table, call Larry Shakman, InterMLS Real Estate and FeaturedHome.com at 630-921-0611 or e-mail Larry@FeaturedHome.com. Larry and his team can put their proven plan to work for you whether you’re selling or buying real estate in Naperville.
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Real Estate Market
Naperville
