Fox Valley home prices October 29th

Fox Valley home prices October 29th. It is the end of the month so we will show you 2022, 2021, and 2020 so you can see how this year is going. We will also show you the communities with the most activity this week, median prices, financing used to close, and contracts accepted this week.

New Listings this week were down. 152 this week compared to 174 the previous week.

Closed listings this week were also down. 144 this week compared to 154 the previous week.

Aurora-New 24 $140,000-$630,269

Closed-20 $185,000-$800,000

Bolingbrook-New 9 $239,900-$649,900

Closed-11 $185,000-$481,000

Montgomery-New 5 $200,000-$344,900

Closed-10 $219,900-$415,000

Naperville-New 24 $379,000-$1,250,000

Closed-22 $305,250-$1,290,000

Plainfield-New 24 $245,000-$584,740

Closed-22 $206,000-$615,740

St Charles-New 10 $234,900-$1,325,000

Closed-13 $298,900-$815,000

Yorkville-New 11 $278,000-$535,000

Closed-2 $260,000-$396,125

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

Median list price this week $389,999, last week $375,950

Closed median price this week $375,000, last week $338,000.

Stats 102922 — Stats for week ending October 29th

Conventional financing was used to close on 89 homes this week at median price $400,000 with 37 days average market time, last week 107 homes at median price $350,000 with 33 days average market time.

Conv 102922 — Conventional financing used to close for week ending October 29th

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

Cash 102922 — Cash used to close for week ending October 29th

FHA financing was used to close on 19 homes at median price $298,900 with 38 days average market time, last week 16 homes at median price $272,290 with 24 days average market time.

FHA 102922 — FHA financing used to close for week ending October 29th

VA financing was used to close on 9 homes this week at median price $375,000 with 15 days average market time, last week 8 homes at median price $287,000 with 23 days average market time.

VA 102922 — VA financing used to close for week ending October 29th

2,000 Square feet or more closed on 88 homes at median price $464,994 with 35 days average market time, last week 75 homes at median price $435,000 with 34 days average market time. Minimum price this week $200,000, last week $230,000.

2000 Sf or more 102922 — 2,000 SF or more closed for week ending October 29th

Contracts accepted this week

Contracts accepted this week are consistent. 156 this week compared to 160 the previous week.

Aurora-23 Bolingbrook-16

Naperville-19 Oswego-10

Plainfield-22

3 short sales were accepted by seller’s this week. 1 each in Lake Holiday, Montgomery, and Plainfield. 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 also 2 with 24 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 of 72 hours, 3 with 48 hours, and 3 with 24 hours.

Median price of homes that went under contract this week $369,450 with 45 days average market time, last week median price $352,500 with 39 days average market time.

Contingent Stats 102922 — Contingent stats for week ending October 29th

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

September 730 733 698

October 699 612 646

Totals 8646 8595 8925

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

September 1083 1411 1251

October 715 973 930

Totals 9666 11021 11970

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

September 1176 1503 1503

October 843 1116 1159

Totals 11263 9913 12664

2021 was the best for closed homes. You can see how tight this year has been with new listings.

Check back with us every Saturday for the real estate market update. At the end of each month we take a look back at 2021 and 2020.

Resources

Click on everything that is bold and underlined to take you to the information. If there is something we do not have listed that you are looking for just let us know. We would be happy to point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score a some other things they can explain to you.

You can also connect with us onFacebook. You will also be able to search for homes there by clicking on the “shop now” button anytime you like.

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

Contact us

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

Fox Valley home prices October 29th. 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