Naperville Real Estate

Get Cash at Closing When Purchasing in Naperville, IL

Excellent schools, high-tech employers, and easy access to Chicago have turned the once small farm town of Naperville into the fifth largest city in Illinois. Founded in 1831 by Joseph Naper and family, this quiet village on the banks of the DuPage River has seen an explosion in growth particularly after construction of the East-West Tollway in the 1980’s. In 2006 Money magazine ranked Naperville, IL as #2 on its annual list of America's best small cities to live in.

Because of tax incentives and easy access to Chicago, many major corporations have located along the I-88 technology corridor including BP, Nalco Chemical, Tellabs, and Alcatel-Lucent. This has resulted in many high-paid professionals relocating to Naperville creating a solid demand for real estate.

Real estate in Naperville consists primarily of single-family homes with a median price of about $400,000 but condominium units are plentiful with prices at around $200,000.

Median Home Prices in Naperville, IL

Neighborhood	Property Type	Year	Q1	Q2	Q3	Q4
Naperville	Condos and Townhomes	2008	$192,250	$199,000	$198,000	$198,000
Naperville	Condos and Townhomes	2009	$196,875	$196,500	$194,375	$170,000
Naperville	Condos and Townhomes	2010	$174,000	$174,000	$169,750	$163,000
Naperville	Condos and Townhomes	2011	$165,000
Naperville	Single Family Homes	2008	$440,000	$413,500	$430,000	$402,000
Naperville	Single Family Homes	2009	$360,000	$390,000	$408,000	$374,000
Naperville	Single Family Homes	2010	$366,000	$392,500	$413,500	$380,000
Naperville	Single Family Homes	2011	$390,000

Source: Chicago Association of Realtors; data deemed accurate but not guaranteed.

If you are looking to purchase real estate in Naperville you may be able to receive $1,000s in cash at closing with our Buyer Rebate Plan. Call us today at 312-282-7349.