Naperville Real Estate

Naperville Real Estate - Home Prices

Residential real estate values in Naperville are generally considered to be higher-end, but the wide range of properties in this Chicago suburb caters to all sorts of budgets. The average home sale price in Naperville is right around $400,000 with an average market time of 80+ days. For condos, townhomes and other attached units, the average sale price is approximately $230,000. Detached single-family homes in the suburb have an average sale price of about $490,000.

That’s the big picture but let’s break it down to see what you can expect to pay for particular types of residential real estate in Naperville.

Single-family homes are the big market in Naperville and house hunters will find most properties for sale fall between $200,000 and $550,000. On the more affordable end of the price spectrum, Naperville home buyers have their choice of well-maintained mid-century split-levels, frame houses and raised ranches. These older abodes may need a bit of upgrading here and there, but they offer durable architecture with generous yard space. And it is not uncommon to find remodeled kitchens and refurbished interiors in many of these established homes, adding a modern touch to some of the suburb’s aging residences.

Mid-range detached real estate in Naperville includes a number of Colonials and other two-story homes built in the last 10 to 25 years. These “like-new” properties sit on large, tree-covered lots and often have finished basements and three to four bedrooms. Older dwellings with exceptionally large yards or excellent locations also fall into this price point.

The upmarket homes in Naperville include newer construction four-bedroom “mini-estates” with vaulted ceilings, gourmet kitchens, master bedroom suites, multi-car attached garages and lush greenery. Several lots are flanked by thick woods and natural forest reserves, or sit on small ponds with scenic views on Naperville’s verdant landscape. Due to a building boom in the 1990s that continued into the early years of the twenty-first century, Naperville has a sizeable inventory of new construction residences. Many of these homes occupy subdivisions and planned developments, offering homeowners safe, family-friendly neighborhoods.

There is also quite an extensive attached housing market in Naperville with prices ranging between the low $100,000s and $2 million. So you can pretty much get whatever you want in size, style, location and budget!

Lower-priced multiunit properties generally consist of older one- and two-bedroom condo conversions or condominium complexes. These homes usually offer garage parking (sometimes for two cars) and occupants often have access to community features such as tennis courts, outdoor pools and/or shared garden space. Naperville also has a good supply of townhomes and half-duplexes for $200,000+ that have more room than your typical condo and are commonly located in sidewalk-lined residential subdivisions.

The average home sale price in Naperville is right around $400,000 with an average market time of 80+ days. For condos, townhomes and other attached units, the average sale price is approximately $230,000. Detached single-family homes in the suburb have an average sale price of about $490,000.

Thats the big picture but lets break it down to see what you can expect to pay for particular types of residential real estate in Naperville.