Fox Valley home prices August 19th
Fox Valley home prices August 19th. Heat advisory for the week ahead. Back in the 80’s the following week during the day and 60’s at night.
New listings this week are consistent. 181 this week compared to 179 the previous week.
Closed listings are also consistent. 179 this week compared to 176 the previous week.
Aurora-New 30 $180,000-$1,100,000
Closed-27 $150,000-$905,000
Bolingbrook-New 12 $214,900-$600,000
Closed-17 $235,000-$575,000
Naperville-New 31 $339,900-$1,425,000
Closed-34 $316,000-$1,359,000
Oswego-New 11 $300,000-$499,900
Closed-5 $344,444-$1,350,000
Plainfield-New 17 $314,900-$879,900
Closed-17 $305,000-$746,543
St Charles-New 14 $279,000-$1,250,000
Closed-14 $320,000-$829,000
These are the price ranges of the communities with the most activity this week. Other communities had activity. Look at the photo above to see the price ranges of those communities.
Financing used, median prices, and 2,000 SF or more
Median list price this week $429,900, last week $449,900.
Closed median price this week $435,000, last week $449,945.
Conventional financing was used to close on 137 homes this week at median price $448,955 with 28 days average market time, last week 136 homes at median price $449,995 with 29 days average market time.
Cash was used to close on 19 homes this week at median price $490,000 with 42 days average market time, last week 25 homes at median price $500,000 with 15 days average market time.
FHA financing was used to close on 14 homes at median price $322,500 with 19 days average market time, last week 8 homes at median price $367,500 with 39 days average market time.
VA financing was used to close on 9 homes at median price $489,000 with 12 days average market time, last week 7 homes at median price $419,900 with 49 days average market time.
2,000 square feet or more closed on 115 homes at median price $537,000 with 35 days average market time, last week 116 homes at median price $532,500 with 31 days average market time. Minimum price this week $237,100, last week $233,000.
Conventional financing continues to be the way to close in the Fox Valley area.
Under contract this week
Homes that went under contract this week are consistent. 179 this week compared to 186 the previous week.
Aurora-30 Bolingbrook-14
Montgomery-11 Naperville-23
Plainfield-13 St Charles-13
Yorkville-10
2 short sales were accepted by seller’s this week. 1 each in Aurora and Sandwich. 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. 3 with a kick-out clause of 72 hours and 2 with 48 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 also 3 with 48 hours.
Homes that went under contract this week had a median price $419,900 with 31 days average market time, last week $419,900 with 36 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 735 603 816
June 1030 1059 926
July 765 745 805
August 545 566 559
Totals 5453 5000 5846
At the end of the month we will also show you 2022 and 2021 so you have something to compare to. Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois.
Resources
Click on everything that is underlined and highlighted to take you to the site for the information. Let us know if you are looking for information not listed here. We will be happy to point you in the right direction.
To find out what your home might sell for in this marketrequest a home valuation and we will also provide you with a net proceeds that will show you and estimate of expenses to sell. When an offer comes in we will update it when we know all the terms.
You can sign-up for email alerts so you will receive listings as they hit the market.
Search for a home anytime you like. You can also keep track of what is selling in your neighborhood.
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 your real estate questions. Your goal is our goal.
Fox Valley home prices August 19th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
530-503-6555 Ext 101