Fox Valley home prices February 17th
Fox Valley home prices February 17th. 27 degrees and sunny today but then we will be back up to mid 50’s even seeing a couple of days in the 60’s. It is hard not to get spring fever.
New listings this week are slightly up. 167 this week compared to 145 the previous week.
Closed listings this week are also slightly up. 98 this week compared to 72 the previous week.
Aurora-New 18 $150,000-$575,000
Closed-7 $210,000-$395,000
Bolingbrook-New 12 $275,000-$1,199,900
Closed-10 $267,000-$531,000
Elgin-New 17 $205,900-$849,999
Closed-10 $304,000-$579,900
Naperville-New 31 $369,900-$6,500,000
Closed-10 $285,000-$2,350,000
Plainfield-New 18 $300,000-$1,149,000
Closed-10 $311,000-$718,720
St Charles-New 14 $237,000-$3,995,000
Closed-7 $283,500-$1,320,000
Other communities had activity this week. Please take a look at the photo above to see the price ranges in those communities. They might interest you.
Financing used, median prices, and 2,000 SF or more
Median list price this week $469,990, last week $419,000.
Closed median list price this week $447,500, last week $397,000.
Conventional financing was used to close on 80 homes this week at median price $467,495 with 51 days average market time, last week 56 homes at median price $404,250 with 44 days average market time.
Cash was used to close on 5 homes this week at median price $472,000 with 57 days average market time, last week 6 homes at median price $327,500 with 9 days average market time.
FHA was used to close on 9 homes this week at median price $349,999 with 85 days average market time, last week 6 homes at median price $325,000 with 65 days average market time.
VA financing was used to close on 3 homes this week at median price $350,000 with 71 days average market time, last week 4 homes at median price $543,900 with 15 days average market time.
2,000 SF or more closed on 64 homes this week at median price $528,000 with 67 days average market time, last week 41 homes at median price $505,000 with 36 days average market time. Minimum price this week $267,000, last week $285,000.
Again conventional financing was the most used way to close this week. This is the first time in a long time that FHA was higher than cash.
Under contract this week
Homes that went under contract this week are slightly down. 157 this week compared to 177 the previous week.
Aurora-19 Bolingbrook-10
Elgin-20 Naperville-16
Plainfield-22 St Charles-13
1 short sale was accepted by a seller this week. It was in Plainfield.
A seller accepted a contract that is contingent on the buyer closing on their home. It has 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.
Median price of homes that went under contract this week $414,900 with 39 days average market time, last week $439,500 with 54 days average market time.
2024 by the month
Month New Closed Under contract
January 576 523 599
February 312 170 334
Total 888 693 933
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 2023 and 2022 so you have something to compare too.
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We downloaded all data used today from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices February 17th. 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