Fox Valley home prices September 3rd

Fox Valley home prices September 3rd. Happy Labor Day weekend. We will update you on new listings, closed, Contracts accepted, median prices, financing used, and 2022 by the month and a look back at 2021 and 2020. Also, we will share some great resources for you to check out.

New listings this week were down. 162 this week compared to 214 the previous week.

Closed listings were up. 279 this week compared to 189 the previous week.

Aurora-New 24 $205,000-$617,000

Closed-41 $149,788-$300,000

Bolingbrook-New $230,000-$656,962

Closed-27 $216,000-$781,249

Geneva-New 6 $430,000-$1,649,800

Closed-10 $240,117-$620,000

Montgomery-New 10 $234,999-$400,000

Closed-7 $219,900-$350,000

Naperville-New 22 $299,000-$6,500,000

Closed-46 $266,000-$1,435,000

Oswego-New 5 $399,900-$510,000

Closed-24 $160,000-$935,000

Plainfield-New 28 $175,000-$939,000

Closed-30 $220,000-$1,021,000

Plano-New 2 $209,000-$475,000

Closed-11 $127,500-$395,000

St Charles-New 9 $339,900-$1,525,000

Closed-18 $177,000-$780,000

Yorkville-New 8 $215,000-$439,990

Closed-17 $190,000-$500,295

Click on the photo above to see the activity in the other communities and prices.

Median prices, financing used, and 2,000 SF or more

Median list price this week $380,000, last week $400,000.

Closed median price this week $380,000, last week $410,000.

Stats 090322 — Stats for week ending September 3rd

Conventional financing was used to close on 199 homes this week at median price $410,000 with 27 days average market time, last week 149 homes at median price $429,800 with 24 days average market time.

Conv 090322 — Conventional financing used to close for week ending September 3rd

Cash was used to close on 33 homes this week at median price $300,000 with 20 days average market time, last week 19 homes at median price $424,000 with 25 days average market time.

Cash 090322 — Cash used to close for week ending September 3rd

FHA financing was used to close on 33 homes at median price $308,000 with 24 days average market time, last week 17 homes at median price $317,000 with 20 days average market time.

FHA 090322 — FHA financing used to close for week ending September 3rd

VA financing was used to close on 11 homes at median price $305,000 with 21 days average market time, last week 4 homes at median price $402,000 with 16 days average market time.

VA 090322 — VA financing used to close for week ending September 3rd

Homes that are at least 2000 square feet or more closed on 160 homes at median price $448,725 with 27 days average market time, last week 127 homes at median price $475,000 with 27 days average market time. Minimum price this week $152,000, last week $235,000.

2000 SF or more 090322 — Homes that were at least 2,000 SF or more closed for week ending September 3rd

Contracts accepted this week

Contracts accepted this week were down. 196 this week compared to 215 the previous week.

Aurora-31 Batavia-10

Bolingbrook-18 Naperville-24

Plainfield-25 St Charles-11

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. 5 with a kick-out clause of 72 hours and 7 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 1 with 48 hours, and 3 with 24 hours.

Median price of homes that went under contract this week $363,875 with 33 days average market time, last week median price $375,000 with 38 days average market time.

Contingent Stats 090322 — Contingent stats for week ending September 3rd

2022 by the month and a look back at 2021 and 2020

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 1295 1409 1234

July 955 932 908

August 1019 1134 1062

Totals 7217 7250 7581

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

Totals 7868 8637 9789

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

Totals 9244 7294 10002

This gives you a better picture of how things have gone in the last 3 years. You can see why prices have increased.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Resources

Click on all everything that is bold and underlined to take you to the site for the information.

Check with your loan officer for the interest rate you will be offered. It depends on your credit score. They can also help you if you need to work on it.

If you are looking for a home you will want to find a loan officer that will put you through underwriting and get approved so yo can work out any kinks and know that if a seller accepts your offer it will go through if it appraises out and no title issues. Why wait until a week before closing to find out?

All data provided today is from our MLS, MRED, LLC. It changes continuously throughout the day as agents upload their information.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Fox Valley home prices September 3rd. Have a wonderful and safe Labor Day weekend!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101