Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 37% from one year earlier and down 1% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just over 410-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 35% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just over 310-thousand dollars. Overall, The number of units sold Increased 13% year-over-year and Increased 49% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Naperville, IL
Area Information for Naperville, IL
Population:152,581
Median Age:34.76 yr
Median Commute Time:27.9 mins
Educational Climate*:5
Recycling Likelihood**:103
Sales Tax:5%
Population Density:3,394/sq mi
Population Change Since 2000:18%
Closest Airport:Chicago O'hare International
Closest College:North Central College
Closest Jr. College:Westwood Coll Chicago Du Page
Median Household Income:$105,119
Annual Residential Turnover:17.33%
Median Years in Residence:3.75 yr
Median Home Sales Price:$337,250
Closest Major Sports Team:Kane County Cougars (a)
Change Avg. Household Income Since 2000:18%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Naperville, IL
Median Age: 34.76Married: 52%Number of Households: 53,391Households with Children: 24,289
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)