Fox Valley home prices October 8th

Fox Valley home prices October 8th. This is the first full week of October. We show you the price ranges of each community with activity. What kind of financing was used to close. Median prices and which communities accepted the most contracts this week.

New listings this week were up. 200 this week compared to 169 the previous week.

Closed listings were down. 182 this week compared to 247 the previous week.

Aurora-New 27 $189,900-$740,000

Closed-27 $130,000-$630,000

Bolingbrook-New 8 $220,000-$649,000

Closed-17 $210,000-$799,230

Naperville-New 35 $300,000-$1,925,000

Closed-32 $353,000-$240,000

Oswego-New 10 $240,000-$653,000

Closed-6 $250,000-$459,900

Plainfield-New 16 $272,000-$595,000

Closed-20 $225,000-$621,353

St Charles-New 17 $250,000-$1,149,000

Closed-13 $290,000-$875,000

Yorkville-New 12 $80,000-$1,075,000

Closed-8 $320,000-$680,000

Click on the photo above to see other communities that had activity this week as well. We are just highlighting the communities with the most activity.

Financing used, median prices and 2,000 SF or more

Median list price this week $400,000, last week $395,000.

Closed median price this week $390,000, last week $392,900.

Stats 100822 — Stats for week ending October 8th

Conventional financing was used to close on 122 homes this week with a median price $397,500 with 32 days average market time, last week 165 homes at median price $405,000 with 28 days average market time.

Conv 100822 — Conventional financing used to close for week ending October 8th

Cash was used to close on 29 homes this week with a median price $425,000 with 29 days average market time, last week 38 homes at median price $405,000 with 37 days average market time.

Cash 100822 — Cash used to close for week ending October 8th

FHA financing was used to close on 21 homes this week with a median price $290,000 with 34 days average market time, last week 30 homes at median price $266,500 with 27 days average market time.

FHA 100822 — FHA financing was used to close for week ending October 8th

VA financing was used to close on 10 homes at median price $442,500 with 36 days average market time, last week 12 homes at median price $385,500 with 32 days average market time.

VA 100822 — VA financing used to close for week ending October 8th

2,000 square feet or more closed on 108 homes at median price $491,000 with 36 days average market time, last week 154 homes at median price $465,000 with 30 days average market time. Minimum price this week was $179,900, last week $220,000.

2000 SF or more 100822 — Homes closed that were at least 2,000 SF or more for week ending October 8th

Contracts accepted this week

Contracts accepted this week were consistent. 170 this week compared to 168 the previous week.

Aurora-29 Bolingbrook-20

Naperville-31 Plainfield-21

St Charles-11

2 short sales were accepted by seller’s this week 1 in Bolingbrook and 1 in Montgomery. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 48 hours.

Median price of homes that went under contract this week $377,450 with 47 days average market time, last week $359,900 with 39 days average market time.

Contingent Stats 100822 — Contingent Stats for week ending October 8th

2022 by the month

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 955 1409 1234

July 1295 932 908

August 1019 1134 1062

September 730 733 698

October 200 182 170

Totals 8147 8165 8449

Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois. At the end of the month we will also show you 2021 and 2020 so you can compare to see how this year is going.

Resources

click on everything that is bold and underlined and it will take you to the site for the information. If you are looking for any other information not listed please let us know and we would be happy to point you in the right direction.

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

You can also connect with us on facebook and search for homes there. Just click on the “shop now” button and search anytime you like.

All data provided today is from our MLS, MRED, LLC. It constantly changes throughout the day as agents upload their information so go back and check if you are not signed up for email alerts.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices October 8th. Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101