Naperville Real Estate Market Update May 2018
Real Estate In Naperville is a balanced market favoring buyers. There is significant amount of homes for sale in Naperville, and buyers are not in a rush to buy yet. There is a 6.32 months supply of inventory on the market in Naperville on May 31, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Naperville last month was 44 days.
It took on average 27 days to sell Naperville Condo, Townhouse or a Duplex.
The number of home sales in Naperville from April 1, 2018 through April 30, 2018 was 259 units. That is 1% above the number of homes sold last month in Naperville.
The average price per square foot in the area is now $135/Sq.Ft, which is 4% a decline from last month.
In Naperville there were 56 units sold in April in the price range between $83,000 – $236,641 with an average of 2 bedrooms and 1.6 bathrooms and average Square footage of 1,201SF.
In Naperville there were 194 units sold in April in the price range between $236,642 – $874,640 with an average of 3.7 bedrooms and 2.5 bathrooms and average Square footage of 2,564SF.
In Naperville there were 9 units sold in April in the price range between $874,641 – $1,359,000 with an average of 5.1 bedrooms and 4.5 bathrooms and average Square footage of 5,120SF.
The low price range had the most activity. Homes up to $236,641 were on the market on average 23 days and sold an average of $166,405.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Naperville. Search all Naperville homes for Sale on propertyup.com If you are considering viewing Naperville, you may want to do so now!
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source http://realestatevibe.com/naperville-real-estate-market-update-May-2018/
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