Fox Valley home prices October 22nd

Fox Valley home prices October 22nd. We are having a gorgeous weekend here in Illinois. It has been cooler later so 80 today and 76 tomorrow is very welcome.

We will highlight the communities with the most activity this week, show you median prices, financing used, and 2022 by the month so you can see how the year is going.

New listings this week are consistent. 174 this week compared to 173 the previous week.

Closed listing this week were up. 154 this week compared to 132 the previous week.

Aurora-New 17 $170,000-$649,900

Closed-24 $125,000-$475,000

Bolingbrook-New 10 $200,000-$470,000

Closed-12 $200,000-$674,850

Geneva-New 10 $450,000-$865,000

Closed-6 $287,500-$640,000

Montgomery-New 11 $220,000-$417,000

Closed-9 $163,000-$407,000

Naperville-New 27 $375,000-$10,500,000

Closed-16 $300,000-$1,575,000

Plainfield-New 22 $249,900-$1,425,000

Closed-21 $180,000-$583,021

St Charles-New 10 $249,900-$1,150,000

Closed-$300,000-$910,000

Yorkville-New 14 $254,900-$995,000

Closed-7 $240,000-$480,000

You can see other communities in the picture above that also had activity this week.

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

Median list price this week $376,950, last week $383,585

Closed median price this week $338,000, last week $361,000.

Stats 102222 — Stats for week ending October 22nd

Conventional financing was used to close on 107 homes this week at median price $350,000 with 33 days average market time, last week 85 homes at median price $405,000 with 31 days average market time.

Conv 102222 — Conventional financing used to close for week ending October 22nd

Cash was used to close on 24 homes this week with a median price $370,000 with 35 days average market time, last week 11 homes with median price $390,000 with 26 days average market time.

Cash 102222 — Cash used to close for week ending October 22nd

FHA financing was used to close on 16 homes at median price $272,290 with 24 days average market time, last week 22 homes at median price $305,000 with 20 days average market time.

FHA 102222 — FHA financing used to close for week ending October 22nd

VA financing was used to close on 8 homes with median price $287,000 with 23 days average market time, last week 13 homes at median price $357,000 with 38 days average market time.

VA 102222 — VA financing used to close for week ending October 22nd

2,000 square feet or more closed on 75 homes with median price $435,000 with 34 days average market time, last week 74 homes at median price $472,500 with 35 days average market time. Minimum price this week $230,000, last week $265,000.

2000 SF or more 102222 — 2,000 SF or more closed for week ending October 22nd

Contracts accepted this week

Contracts accepted this week week exactly the same as the week before. 160 for both weeks.

Aurora-29 Bolingbrook-13

Naperville-26 Plainfield-12

No short sales accepted this week.

Seller’s accepted a contract that is contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 5 with 48 hours. There was also 1 that did not mark how many hours.

Median price of homes that went under contract this week $352,500 with 39 days average market time, last week median price $350,000 with 44 days average market time.

Contingent Stats 102222 — Contingent stats for week ending October 22nd

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 1295 1409 1234

July 955 932 908

August 1019 1134 1062

September 730 733 698

October 547 468 490

Totals 8494 8451 8769

New listings are slower to come on the market but they are still selling. Interest rates have increased so it might make a difference on the price of home that buyer’s are looking at. Different types of loans are starting to pop up. You really want to go over them and compare so you understand how they work.

Resources

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

Check with your loan officer to see what interest rates you will be offered. It depends on your credit score and other things.

If there is information that you are looking for just let us know and we will point you in the right direction.

All data provided today is from our MLS, MRED, LLC. It changes constantly throughout the day.

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

Contact us

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

Fox Valley home prices October 22nd. 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