Vital factors
- DuPage County was positively a vendor’s market in Could. Houses moved rapidly, with greater than half promoting for above asking value and costs rising almost 4 occasions quicker than the nationwide common.
- The median gross sales value rose 7.5% year-on-year to $456,880, exceeding the $450,000 mark for the primary time.
- Greater than 62% of properties went below contract inside two weeks of being available on the market.
DuPage County, Illinois Housing Market Snapshot
| Median promoting value | pending sale | lively record | Days on market | bought on record |
|---|---|---|---|---|
| $456,880 (+7.5% YoY) | 1,312 individuals (9.7% improve in comparison with the earlier yr) | 3,686 individuals (6.0% improve in comparison with the earlier yr) | 42 days (0 days in comparison with the earlier yr) | 52.8% (-0.9 ppt YoY) |
DuPage County’s spring market produced robust outcomes for sellers. Costs soared, demand outstripped new provide, and there was fast curiosity in well-located houses. In the event you’re seeking to purchase at Dupage proper now, get able to compete. When it got here to promoting, the market rewarded correct pricing with fast gross sales and provides that exceeded expectations.
Be taught what it’s essential know in regards to the DuPage County, Illinois housing market as we head into summer season and what consumers and sellers can do to achieve success.
A snapshot of the US housing market
| Median promoting value | pending sale | lively record | Days on market | stability between consumers and sellers |
|---|---|---|---|---|
| $398,771 (+2.0% YoY) | 349,901 individuals (4.4% improve in comparison with the earlier yr) | 1,483,839 (+0.7% YoY) | 49 days (+3 days in comparison with earlier yr) | The variety of sellers outnumbers consumers by 47% |
The nationwide housing market continued to ease barely in Could. Value will increase have been slower than final yr, stock has remained roughly flat, and houses have been available on the market barely longer. DuPage County’s trajectory was totally different. Costs had been accelerating, pending gross sales had been skyrocketing, and purchaser urgency remained excessive.
“Many cities are experiencing a multi-year reset from the pandemic, with slowing value development and rising inventories, contributing to improved affordability as wages rise,” stated Chen Zhao, head of financial analysis at Redfin. “Pending dwelling gross sales have elevated over the previous three months, an early signal that consumers and sellers are beginning to re-enter the market. However financial instability associated to the Iran battle has everybody on edge.”
Costs in DuPage County have soared, outpacing the nation by a large margin.
The median gross sales value in DuPage County in Could reached $456,880, a rise of seven.5% from a yr in the past. This fee of improve was nearly 4 occasions the nationwide tempo of two%. Costs in DuPage County have elevated roughly 75% because the starting of 2019, and the present improve makes it one of many fastest-growing suburban markets in metro Chicago. The typical sales-to-listings ratio reached 1.014. Which means consumers, on common, paid greater than they requested for.
Value reductions remained an uncommon scenario. Solely 9.3% of DuPage’s lively listings had been decreased. Compared, it was about 20% nationwide. If sellers overshot, the market rapidly corrected it. Nationally, 2% of houses bought above record. At DuPage, that quantity was 53%.
Purchaser demand skyrockets – pending gross sales improve by almost 10%
Pending gross sales in DuPage County rose 9.7% year-over-year to 1,312 in Could, indicating purchaser exercise has returned to close pre-pandemic spring ranges. Nationally, the variety of pending gross sales elevated barely by 4.5% to 350,173. Dupage’s income had been greater than double the nationwide tempo, reflecting concentrated demand in a market the place high-priced properties appeal to fast provides.
The everyday dwelling took 42 days to hit the market, flat yr over yr and 7 days sooner than the nationwide common of 49 days. Greater than 62% of DuPage listings go below contract inside two weeks (in comparison with 32% nationally), highlighting how rapidly consumers are shifting. Though closed gross sales had been down barely (-2.1%), the mix of elevated pending worth and speedy absorption signifies robust demand constrained by restricted stock reasonably than dampened purchaser urge for food.
Stock elevated however couldn’t sustain with purchaser demand
The variety of efficient listings is 3,686, a rise of 6% from the earlier yrAlternatively, nationally, inventories remained nearly flat (+0.7%). The variety of new listings elevated by 5.1% to 1,414. Extra sellers entered the market, however consumers absorbed the availability earlier than the stability of energy modified considerably.
DuPage County ended Could with lower than three months of provide, in comparison with almost 4 months nationally. Something lower than three months may be very favorable to sellers, and Dupage has remained in that space for a few years. Inventory age elevated to 31 years in someday. This implies that even houses that did not promote immediately had been moved inside a month.
Luxurious houses respect the quickest and starter costs rise
| value vary | Median value (YoY) | Bought (YoY) | DOM (YoY) | Share above record (YoY) |
|---|---|---|---|---|
| Luxurious items (prime 5%) | $1,565,539 (+10.0%) | 194 (+7.2%) | 45 days (-11 days) | 45.4% (+11.1 ppt) |
| Excessive (65-95%) | $593,273 (+4.0%) | 1,126 (+5.0%) | 41 days (-2 days) | 55.0% (-0.5 ppt) |
| Non-luxury items (35-65%) | $380,782 (+6.1%) | 831 (-2.5%) | 44 days (+3 days) | 50.7% (-4.7 ppt) |
| Starter (5-35%) | $240,429 (+9.6%) | 536 (-3.4%) | 45 days (+5 days) | 37.3% (-5.6 ppt) |
| Backside (backside 5%) | $127,429 (+1.8%) | 14 (0.0%) | 38 days (-3 days) | 28.6% (-7.1 ppt) |
Redfin Evaluation of MLS Information • Rolling 3-month interval (March-Could 2026)
In DuPage County, luxurious houses (median worth $1.57 billion) rose 10% yr over yr, the quickest of any demographic. Nearly half of luxurious gross sales exceeded asking value (45.4%, a rise of 11 share factors), and the standard luxurious gross sales interval was 45 days, down 11 days from a yr in the past. The highest tier ($593,000) additionally carried out nicely, with 55% topping the record and posting the very best quantity of any tier.
Costs for starter houses ($240,000) rose almost 10%, however there have been fewer consumers competing and solely 37% bought for greater than the asking value, down nearly 6 factors from final yr. There have been solely 14 gross sales through the lowest tier rolling interval, too few to attract dependable conclusions. Nationally, luxurious houses ($1.39 million) rose about 4%, with DuPage’s 10% development in luxurious houses accelerating noticeably.
How consumers and sellers can navigate the DuPage County, Illinois housing market
When shopping for in DuPage County, the information is obvious. This market values ​​pace and preparation. Greater than half of the houses bought for greater than the asking value, and almost two-thirds went below contract inside two weeks. Get pre-approved, set a sensible price range that accounts for over-list bids, and be prepared to jot down a suggestion the identical day you discover the correct dwelling. Ready for a correction is a big gamble that isn’t supported by the numbers.
In the event you’re promoting, you might have loads of affect, however do not mistake a preferred marketplace for a license and overprice it. Solely 9% of DuPage listings had value reductions, and appropriately priced houses bought rapidly and infrequently for greater than asking value. Listing at or barely beneath market value to create competitors. Overpricing in a market with low stock means dropping consumers who need to make a transfer now.
Market Information by Metropolis for DuPage County, Illinois
Rolling three-month interval (March to Could 2026). Shows cities with 50 or extra gross sales. Click on the column header you need to type.
| metropolis | Median gross sales value (YoY) | bought | New record. | lively | dom | % On prime of that | provide |
|---|---|---|---|---|---|---|---|
| naperville | $594,644 (-0.1% YoY) | 420 | 686 | 942 | 43 | 38.9% | 3.5 |
| Downers Grove | $520,688 (+13.1% YoY) | 182 | 224 | 351 | 45 | 46.2% | 2.7 |
| lombard | $381,896 (-2.1% YoY) | 170 | 216 | 319 | 44 | 45.3% | 2.6 |
| Wheaton | $490,956 (+8.5% YoY) | 166 | 223 | 298 | 34 | 64.3% | 2.5 |
| elmhurst | $752,300 (+23.7% YoY) | 156 | 202 | 309 | 44 | 43.5% | 2.6 |
| bartlett | $417,250 (+2.8% YoY) | 141 | 192 | 279 | 49 | 49.4% | 2.9 |
| woodridge | $449,731 (+5.8% YoY) | 122 | 152 | 219 | 47 | 45.5% | 2.5 |
| Glen Ellyn | $572,158 (+16.8% YoY) | 117 | 122 | 186 | 42 | 60.7% | 1.8 |
| Hanover Park | $339,797 (+7.9% YoY) | 97 | 118 | 181 | 39 | 65.4% | 2.6 |
| glendale heights | $341,795 (+17.1% YoY) | 94 | 100 | 148 | 50 | 51.2% | 1.8 |
| carol stream | $378,523 (+4.4% YoY) | 92 | 142 | 192 | 42 | 65.7% | 2.8 |
| Darien | $449,731 (+6.4% YoY) | 73 | 101 | 138 | 43 | 50.8% | 2.3 |
| addison | $379,773 (+4.7% YoY) | 72 | 104 | 157 | 45 | 48.7% | 3.3 |
| bloomingdales | $382,271 (-4.4% YoY) | 68 | 102 | 141 | 43 | 51.6% | 3.0 |
| westmont | $409,755 (+7.8% YoY) | 65 | 74 | 108 | 36 | 55.7% | 2.0 |
| Lyle | $449,731 (+2.8% YoY) | 60 | 95 | 133 | 35 | 52.7% | 3.4 |
| Villa Park | $409,755 (+9.3% YoY) | 54 | 68 | 95 | 48 | 51.1% | 2.2 |
| Hinsdale | $1,608,038 (+44.9% YoY) | 53 | 94 | 146 | 48 | 32.8% | 4.2 |
This text was created in entire or partially utilizing generative synthetic intelligence (AI) expertise with enter from Chen Zhao, Head of Financial Analysis at Redfin. Whereas efforts have been made to make sure the accuracy and reliability of this info, it’s best to independently confirm all information, information, and quotes contained on this article earlier than counting on the data for any objective. This info isn’t meant to substitute for recommendation from an actual property agent, monetary advisor, or different certified skilled. County-level information should not seasonally adjusted. For extra detailed housing market information, take a look at the Redfin Information Middle.
