Real Estate Housing Market 2023

The real estate market has changed so much over the past two years and continues to do so! This month I am sharing details on some of the interesting trends we are seeing for 2023.

Naperville's Housing Market 2023

As I’m a Realtor in Naperville serving home buyers and sellers in the Western Suburbs, here are some facts about what’s going in in our local market:

• Home prices are rising steadily in Naperville. Zillow shows the Median home prices is currently around $488,000 — a significant increase of $88,000 from just a few years ago when it was at $400,000. Low inventory and high demand are why.
• Demand for luxury homes - People are looking to move out of the city of Chicago and to the suburbs as they want larger homes and more of nature. Naperville is in high demand for its lifestyle, shopping, award-winning schools, desirable neighborhoods, and natural setting. It’s also only 40 minutes out of Chicago as well as O’Hare and Midway airports. Naperville boasts a great economy and has several luxury home options.
• Strong sellers market - With high demand and low inventory, it is a perfect time for Naperville homeowners to sell.  Many people in our community want to downsize, but are reluctant to sell because it is hard to find a new home to match their needs. My team and I are experienced in finding our homesellers a new home to buy. With a database of ready-to-go buyers, home sellers whom I know are waiting for their ideal buyers, and a strong network with our fellow agents at Century 21 Circle, we will always have options of homes to buy.  We will never leave you at a loss,

If you have any questions on these or any other real estate-related concerns, please feel free to reach out to me. I’ll be happy to help you out! Call me at 630-276-7575 today.

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