Fox Valley home prices April 1st
Fox Valley home prices April 1st. We had crazy winds and 65° last night and today it is cold and going down to 27°. Welcome to Spring!
New listings this week were consistent. 139 this week compared to 134 the previous week.
Closed listings were up. 172 this week compared to 131 the previous week.
Aurora-New 28 $175,000-$490,000
Closed-16 $152,000-$661,004
Bolingbrook-New 10 $264,900-$700,000
Closed-16 $171,799-$596,000
Montgomery-New 1 $239,900
Closed-11 $220,000-$379,900
Naperville-New 23 $365,000-$2,990,000
Closed-22 $335,000-$1,614,800
Oswego-New 7 $299,900-$1,395,000
Closed-16 $245,000-$1,600,000
Plainfield-New 25 $240,000-$649,900
Closed-31 $270,000-$650,000
Financing used, median prices, and 2,000 SF or more
Median list price this week $395,000, last week $420,000.
Closed median price this week $391,950, last week $405,000.
Conventional financing was used to close on 116 homes this week at median price $412,495 with 49 days average market time, last week 90 homes at median price $417,500 with 50 days average market time.
Cash was used to close on 25 homes this week at median price $366,000 with 37 days average market time, last week 23 homes at median price $399,990 with 56 days average market time.
FHA financing was used to close on 27 homes this week at median price $320,000 with 38 days average market time, last week 11 homes at median price $325,000 with 46 days average market time.
VA financing was used to close on 3 homes this week at median price $400,000 with 102 average market time, last week 6 homes with median price $378,000 with 49 days average market time.
2,000 square feet or more closed on 99 homes at median price $462,000 with 58 days average market time, last week 69 homes at median price $470,000 with 58 days average market time. Minimum price this week $270,000, last week $195,000.
About 67% of homes closed this week used Conventional financing and about 57% were 2,000 SF or more.
Under contract this week
Homes that went under contract this week are consistent. 204 this week compared to 197 the previous week.
Aurora-35 Batavia-10
Bolingbrook-23 Naperville-28
Oswego-16 Plainfield-27
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 3 with 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause o 48 hours.
Median prices of homes that went under contract this week $410,000 with 45 days average market time, last week median price $400,000 with 60 days average market time.
2023 by the month and a look back at 2022 and 2021
2023
Month New Closed Under contract
January 483 326 470
February 630 526 789
March 555 558 726
Totals 1668 1410 1985
2022
January 422 492 623
February 523 520 724
March 734 904 890
Totals 1679 1916 2237
2021
January 543 649 829
February 561 604 778
March 993 1099 1455
Totals 2097 2352 3062
New listings continue to decrease.
Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois.
Resources
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All data is provided by our MLS, MRED, LLC. The data changes throughout the day.
Contact us
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Fox Valley home prices April 1st. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101