Fox Valley home prices May 6th
Fox Valley home prices May 6th. We are finally seeing the 70’s. It should continue for the next couple of weeks.
New listings this week are up. 201 this week compared to 165 the previous week.
Closed listings are down. 161 this week compared to 194 the previous week.
Aurora-New 31 $190,000-$750,000
Closed-18 $184,000-$704,654
Bolingbrook-New 12 $254,900-$756,649
Closed-8 $190,000-$400,000
Naperville-New 37 $365,000-$1,900,000
Closed-34 $392,500-$2,050,000
Oswego-New 10 $279,000-$1,695,000
Closed-11 $315,000-$599,000
Plainfield-New 32 $279,000-$659,000
Closed-23 $235,000-$549,900
St Charles-New 17 $219,900-$875,000
Closed-14 $269,000-$765,000
Click on photo above to see other communities that had activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $429,900, last week $429,999.
Closed median price this week $401,500, last week $422,500.
Conventional financing was used to close on 121 homes this week at median price $419,000 with 17 days average market time, last week 142 homes at median price $437,500 with 45 days average market time.
Cash was used to close on 21 homes this week at median price $410,500 with 63 days average market time, last week 26 homes at median price $410,000 with 94 days average market time.
FHA financing was used to close on 15 homes this week at median price $337,500 with 56 days average market time, last week 16 homes at median price $343,565 with 51 days average market time.
VA financing was used to close on 3 homes this week at median price $379,900 with 5 days average market time, last week 10 homes at median price $362,445 with 52 days average market time.
2,000 square feet or more closed on 100 homes this week at median price $488,000 with 28 days average market time, last week 114 homes at median price $490,790 with 69 days average market time. Minimum price this week $310,000, last week $165,000.
Slightly over 75% of homes closed this week using Conventional financing.
Under contract this week
Homes that went under contract this week are exactly the same as last week. 194 for both weeks.
Aurora-28 Batavia-13
Bolingbrook-22 Geneva-10
Naperville-28 Plainfield-22
St Charles-11 West Chicago-10
No short sales were accepted this week by seller’s.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours and 1 with 24 hours.
Also, a seller accepted a contract that is contingent on a buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.
Homes that went under contract this week had a median price $399,450 with 27 days average market time, last week $417,706 with 35 days average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 201 161 194
Totals 2579 2188 2934
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of each month we will also take a look back at 2022 and 2021 so you can compare how this year is going.
Resources
Click on each bullet point to take you to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alerts
- Search for homes
If you are looking for information not listed above let us know so we can point you in the right direction.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Contact us
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal.
Fox Valley home prices May 6th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101