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Illinois Real Estate Contracts

Buying a Home in Naperville Your Guide to the October 2023 Market

October 2, 2024

Naperville riverwalk

The Naperville housing market is booming, with 523 homes for sale, averaging $765,000. Explore subdivisions with various prices and amenities.

Key Takeaways

  • The housing market in Naperville, IL, has seen a significant increase in prices, affecting both home purchase and rental values.
  • Prospective homebuyers should consider whether to choose a subdivision or a standalone property, with factors like snow removal amenities to weigh.
  • The market offers a diverse range of homes, with various subdivisions in Naperville catering to different budgets, bedroom counts, and construction periods. Consulting local real estate attorneys is recommended for guidance in buying or selling.

As we’ve all witnessed, the housing market has skyrocketed in recent years, both in interest and principal home prices. Rental values have followed the trend. Many people want to escape the spiraling housing market by locking themselves in a home as soon as possible.  

 

When considering purchasing a house, something to keep in mind is whether you want your new home to be part of a subdivision or simply free standing. Each alternative has pros and cons, for example, snow removal amenities.  

 

As of October 3, 2023, there were 523 homes listed for sale in Naperville, IL. The average price for those homes is roughly $765,000.00. Here is a brief overview of those homes listed for sale with respect to the subdivisions they are listed in.  

Listings in Naperville Subdivisions

156 of those homes do not list a subdivision. These homes range from $0 to $10,500,000. They have between 1 and 9 bedrooms and were built between 1891 and 2024 (currently in construction).  

Naper Commons

21 of those homes are listed for sale in the subdivision of Naper Commons. Naper Commons is a primarily new construction subdivision with homes built between 2022 and 2023. They have between 2 and 5 bedrooms priced between $499,000 and $959,000.  

East Highlands  

15 of those homes are listed for sale in the subdivision of East Highlands. The homes in East Highlands have  

a range of being built between 1928 and 2024 (currently in construction). The bedroom count ranges from 3 to 6, and the price ranges from $468,000 to $2,895,000.  

Tall Grass

13 of those homes are listed for sale in the subdivision of Tall Grass. Tall Grass is a newer subdivision with homes that were built approximately between 2000 and 2023, ranging from $385,000 to $1,075,490, and have between 3 and 5 bedrooms.  

White Eagle

10 of those homes are listed for sale in the subdivision of White Eagle. White Eagle homes range in price from $354,000 to $1,290,000 with 2 to 6 bedrooms.  

Brookdale  

8 of those homes are listed for sale in the subdivision of Brookdale. Brookdale homes range in price from  $335,000 to $565,000 with 3 to 4 bedrooms.  

Tamarack Fairways

8 of those homes are listed for sale in the subdivision of Tamarack Fairways. Tamarack Fairways homes range in price from $650,000 to $1,600,000 with 4 to 5 bedrooms.  

Mayfair  

8 of those homes are listed for sale in the subdivision of Mayfair. Mayfair homes range in price from $389,900 to $539,000 with 2 to 3 bedrooms.  

 

Additionally, to the subdivisions listed above, several other subdivisions in Naperville offer unique living experiences, price ranges, and amenities. If you’re considering buying or selling a house in Naperville but are unsure where to begin, contact one of our local Naperville O’Flaherty real estate attorneys for a consultation.

Disclaimer: The information provided on this blog is intended for general informational purposes only and should not be construed as legal advice on any subject matter. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship. Each individual's legal needs are unique, and these materials may not be applicable to your legal situation. Always seek the advice of a competent attorney with any questions you may have regarding a legal issue. Do not disregard professional legal advice or delay in seeking it because of something you have read on this blog.
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