| Naperville Single Family | Jan 2007 | Jan 2008
|
| # of Actives | 948 | 947 |
| 3 Bedrooms | 157 | 196 |
| 4 Bedrooms | 654 | 589 |
| 5+ Bedrooms | 121 | 143
|
| Market Time | | |
| 3 Bedrooms | 158 | 161 |
| 4 Bedrooms | 204 | 241 |
| 5+ Bedrooms | 211 | 264
|
| Average Prices | | |
| 3 Bedrooms | $428,703 | $397,762 |
| 4 Bedrooms | $735,423 | $732,426 |
| 5+ Bedrooms | $1,166.593 | $1,279,927 |
Interesting playing around with year over year stats. Almost the same number of homes are on the market.
But, notice that the market time has increased. The active listings for 4 bedroom homes have been on the market for approximately 8 months. No wonder, I've been showing so many vacant properties!
And, average prices have also decreased in the 3 and 4 bedroom category. Yet, in the more expensive 5 bedroom homes, the price actually increased. I suspect that there are several reasons for this: 1) buyers in this price range are doing custom designs and upgrading and 2) they can afford it. In fact, some of these buyers do not even require a mortgage!
Stats courtesy of MLSNI
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