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Naperville, Illinois Real Estate


Naperville IL, an affluent city in Wills and DuPage counties has been voted as one of the best places to live in, in the whole of United States. The city boasts of the best public library of the country, a number of nationally acclaimed schools, a low unemployment rate compared to the state’s average and a remarkably low crime rate. It has also been rated as one of the best places to start a home based business. However the economy slowdown, bank foreclosures and lending debacles have taken their toll on the Naperville IL real estate industry.

The number of Naperville IL homes for sale which saw a successful listing have reduced from 1000 in the second quarter of 2007 to just above 400. The median price of the homes has also dropped from almost $400 k to $300 k in the same duration. The market value too is at a low of $394 k from last years $409 k.

However experts suggest that this is the right time to invest in some good real estate in Naperville. The average listing price for a one bedroom home in Naperville IL is about $180 k, while a two bedroom one would cost about $70 k more. The three bedroom and four bedroom homes in the area come with a price tag of $410 k and $680 k respectively. All the rates are seeing a decreasing trend, which according to the experts would change very soon.

People interested in buying or selling real estate in the area can contact one of the good realtors like Weichert Realtors who offer property listings, home valuation tools, advice on mortgages and insurance and other real estate related tools and services to help in finding the right homes that suits both tastes and budgets.


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