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Welcome to our blog page, where you can stay up-to-date on the latest happenings in real estate. We are dedicated to providing valuable insights and information on the local market here in Naperville, IL and tips and strategies for buying and selling property throughout the Chicagoland area. Whether you are a first-time homebuyer or a seasoned investor, you’ll find valuable content on our blog.
Welcome to our blog page, where you can stay up-to-date on the latest happenings in real estate. We are dedicated to providing valuable insights and information on the local market here in Naperville, IL and tips and strategies for buying and selling property throughout the Chicagoland area. Whether you are a first-time homebuyer or a seasoned investor, you’ll find valuable content on our blog.
Indian Prairie School District 204 Real Estate Market Update | October 2024
The September numbers are in, so let’s break down the market data for single-family homes in Indian Prairie School District 204.
Hi, I’m Kurt Clements with eXp Realty in the far west suburbs of Chicago.
A Closer Look at the Indian Prairie School District 204 Real Estate Market
At the time of this recording, there are 98 active listings in the district with an average list price of $805,313. Additionally, 97 properties are under contract with an average list price of $678,461.
September 2024 Results Compared to August 2024 Results
In September, we had 77 homes sold, with an average market time of 24 days. The average sold price was $631,328.
Looking back at the August results, we had 97 homes sold, with an average market time of 18 days. The average sold price in August was $644,354.
We sold 20 fewer homes in September, the average market time increased by 6 days, and the average purchase price decreased by $13,026.
September 2024 Results Compared to September 2023 Results
Looking back at the results from a year ago, the average sold price in the district in September 2023 was $610,027. Comparing that to September 2024 numbers of $631,328, I think it’s safe to say that Indian Prairie School District 204 homeowners have done pretty well!
The Absorption Rate
We still need more inventory in the area and remain in a seller’s market. When we look at the absorption rate, it’s 1.27 months. The absorption rate is the number of homes available (98) divided by the number of sales (77). In other words, selling the existing inventory would only take 1.27 months if no new homes came on the market. So, if you are considering selling your home, now is a great time to act, as we need more sellers to take advantage of the market.
Your Next Move
And if you’re curious about your next move, reach out! We’ll lay out all your options so you can make a confident decision that’s best for you and your family.
Thanks again for watching, and as always, we’re here to help, and we’ll talk with you soon.
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What people are saying
"This is the second time I’ve used Kurt to buy a home. This time we were selling and buying. The process was stressful at times, but Kurt did a great job communicating and helping me through the process. He responded quickly whenever I had questions or concerns and was very reliable. I will recommend Kurt to others!"
- Nicole Bozek
"Kurt understands the market…"
“I can’t recommend Kurt enough. I worked with Kurt to sell my parent’s home in Aurora. He was invaluable to the entire experience. He not only helped us price the property but also
assisted us in marketing it well
and answered our questions through closing. It’s also worth mentioning that all of this occurred right as COVID was shutting things down. Kurt understands the market, so we knew how to position our home even in a particularly tough time. He gave us great advice and helped us with all of the little details that came up along the way – the things we don’t typically see and know how they’re handled, Kurt was well versed in and able to provide easy guidance. Bottom line: we recommend him wholeheartedly and would use him again.”
- Kelly Sherwood
"We sold, purchased, and closed within six weeks...smooth sailing from start to close."
“Kurt is top-notch, knowledgeable, personable, and a pleasure to work with during the often stressful time of selling and purchasing a home. Kurt handled the sale of our home and purchase of a wonderful townhouse as we downsized. He was highly responsive to our needs, questions, and anxieties, easing the process, which was complicated by the pandemic and quarantine. We sold, purchased, and closed within six weeks even as the economy was shutting down through his careful and caring work with us–and through the professionalism of everyone with whom he set us up–lawyers, mortgage lenders, photographers, client care staff, etc.
Kurt’s integrity, knowledge, and skill draw people of similar care and integrity around him, making the process of selling and purchasing smooth sailing from start to close. He and his colleagues are wonderful,
providing the best experience we have had selling and buying
in numerous moves.”
- Dixie Miller
"Selling our home was such a smooth process, and might I add FAST!!!"
“It was such a pleasure working with Kurt and his team on selling our home!! They understood the assignment! Selling our home was such a smooth process, and might I add FAST!!! We went into this having high expectations of how this entire process would turn out, and let me say we came out with all of our expectations met at 100%. Thank you so much, Kurt, for everything!!! Looking forward to working with you and the team again someday soon.”
- Gaja Faniel
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