Fox Valley home prices December 31st
Fox Valley home prices December 31st. Happy New Year’s Eve! If a home is in your plans for 2023, we would love to help you.
The holidays have really slowed things down. We hope it will start picking up soon in the new year.
We will show you how many new listings, closed, under contract, median prices, financing used, and 2022 by the month and also show you activity in 2021 and 2020 so you can see how this year compared.
New listings this week were down. 44 this week compared to 45 the previous week. Consistent, but way down.
Closed listings this week were also down. 128 this week compared to 135 the previous week.
Aurora-New 10 $168,900-$364,900
Closed-23 $103,100-$625,000
Naperville-New 1 $1,375,000
Closed-17 $349,000-$800,000
Plainfield-New 5 $239,900-$489,809
Closed-23 $213,000-$603,175
Click on the photo above to see other communities with activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $350,000, last week $359,945.
Closed median price this week $368,750, last week $346,000.
Conventional financing was used to close on 85 homes this week at median price $379,990 with 58 days average market time, last week 90 homes at median price $365,000 with 45 days average market time.
Cash was used to close on 21 homes this week at median price $467,500 with 65 days average market time, last week 22 homes at median price $265,000 with 63 days average market time.
FHA financing was used to close on 15 homes this week at median price $311,000 with 24 average market time, last week 16 homes at median price $318,000 with 32 days average market time.
VA financing was used to close on 6 homes at median price $467,000 with 57 days average market time, last week also 6 homes at median price $319,950 with 38 days average market time.
2,000 square feet or more closed on 68 homes at median price $447,170 with 73 days average market time, last week 77 homes at median price $430,000 with 48 days average market time. Minimum price this week $240,000, last week $275,000.
Contracts accepted this week
Contracts accepted by seller’s this week are down. 51 this week compared to 88 the previous week.
Plainfield had 7 and Aurora, Batavia, and Bolingbrook had 6.
No short sales were accepted this week.
No contracts were accepted with contingencies on a home close or a home sale and closing this week.
Median price of homes that went under contract this week $385,000 with 62 average market time, last week the median price $349,000 with 48 days average market time.
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
November 574 764 624
December 257 524 322
Totals 9477 9883 9871
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
November 557 854 931
December 349 1044 652
Totals 10572 12919 13553
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
November 567 985 699
December 513 971 783
Totals 12343 11869 14146
From 2020 to 2022 look at the difference in the amount of new listings.
Resources
Click on everything that is bold and underlined to take you to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alerts
- Search for homes
Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and other things that they will explain to you.
If you are thinking about buying a home this year you will want to get the process started to get your loan approved so you know that no issues will come up at the last minute. You will be in a better position to get your offer excepted. This is not just talking to a loan officer over the phone. This is getting all your information to them.
All data used was downloaded yesterday from our MLS, MRED, LLC. I didn’t get the chance to finish this until today.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices December 31st. Happy New Year!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101
