Ah, February in Naperville—the time when the holiday lights have finally come down, the winter chill is (hopefully) on its way out, and the real estate market is stretching its arms, ready to sprint into action. Yes, spring market officially kicks off now, and if you’re thinking about selling your home, there’s no better time than the present.
Here’s why: inventory is low, demand is high, and buyers are ready to pounce.
After spending months hibernating through the holidays, buyers are finally emerging, armed with fresh pre-approvals and a determination to find “the one” before summer. And here’s the kicker—there simply aren’t enough homes to go around. Right now, Naperville’s housing market is experiencing an inventory desert, with only a 1.3-month supply of homes—meaning if no new listings appeared, we’d be completely sold out in just over a month.
A Look Back at 2024: What We Learned
Last year’s market looked a lot like 2023, with 1,869 homes closed in 2024 versus 1,858 in 2023—practically a mirror image. But here’s where things get interesting: home prices are still climbing. The average home price in December 2024 hit $584,362, up 2.3% from the previous year. And when you break it down by price per square foot, appreciation is even stronger—up 8.9% year over year.
The sweet spot? Homes priced between $400,000 and $500,000 saw the most action in December. If your home falls in this range, buckle up—buyers are waiting for you.
Less Competition, More Attention
As spring progresses, more homes will inevitably hit the market, meaning more competition for sellers. But right now? You’ve got buyers eagerly searching with limited options to choose from. That’s a win-win situation for you.
So, if you’ve been thinking about selling, don’t wait for the rush—be the early bird, capture the best buyers, and lead the market in price. After all, in Naperville real estate, timing is everything.
