Fox Valley home prices June 22nd
Fox Valley home prices June 22nd. Another hot and humid day today then we will will go back to the mid 80’s.
New listings this week are down. 243 this week compared to 271 the previous week.
Closed listings are also down. 205 this week compared to 231 the previous week.
Aurora-New 29 $200,000-$860,000
Closed-23 $243,000-$740,000
Bolingbrook-New 20 $275,000-$850,000
Closed-13 $232,850-$530,000
Elgin-New 21 $200,000-$698,000
Closed-19 $169,900-$1,060,000
Geneva-New 8 $405,000-$995,000
Closed-12 $310,000-$998,500
Naperville-New 35 $395,000-$2,499,900
Closed-35 $430,000-$1,700,000
Oswego-New 12 $299,900-$700,000
Closed-7 $265,000-$590,000
Plainfield-New 44 $254,900-$1,799,999
Closed-28 $331,500-$930,000
St Charles-New 16 $311,000-$1,200,000
Closed-1 $360,150-$2,200,000
Check out the other communities that also had activity this week in the photo above.
Financing used, median prices, and 2,000 SF or more
Median list price this week $475,000, last week $485,000
Closed median price this week $475,000, last week $480,000.
Conventional financing used to close on 153 homes this week at median price $490,000 with 23 days average market time, last week 165 homes at median price $492,000 with 34 days average market time.
Cash was used to close on 33 homes this week at median price $485,000 with 17 days average market time, last week 37 homes at median price $520,000 with 40 days average market time.
FHA financing was used to close on 12 homes this week at median price $379,250 with 18 days average market time, last week 19 homes at median price $325,000 with 16 days average market time.
VA financing was used to close on 5 homes this week at median price $439,000 with 21 days average market time, last week 6 homes at median price $438,445 with 14 days average market time.
2,000 SF or more closed on 145 homes this week at median price $539,000 with 22 days average market time, last week 144 homes at median price $552,500 with 39 days average market time. Minimum price this week $175,000, last week $276,900.
A little over 74% of homes closed this week used Conventional financing and a little over 70% of homes were at least 2,000 SF or more.
Under contract this week
Homes that went under contract this week are consistent. 234 this week compared to 224 the previous week.
Aurora-28 Bolingbrook-19
Elgin-22 Naperville-35
Oswego-17 Plainfield-29
St Charles-21
2 short sales were accepted by seller’s this week. 1 in Aurora and 1 in 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. 2 with a kick-out clause of 72 hours, 4 with 48 hours, and 1 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 and 3 with 48 hours.
That is only 12 out of 234 that went under contract that were contingent on either a closing or a sale and closing. Not many at all.
Median price of homes that went under contract this week $471,935 with 35 days average market time, last week $452,500 with 32 days average market time.
2024 by the month
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 1077 1022 1075
June 740 657 685
Totals 4504 3918 4643
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 to.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
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Let us know if you are looking for any other information. We will point you in the right direction.
All data provided today is downloaded from our MLS, MRED, LLC. The data changes throughout the day.
Fox Valley home prices June 22nd. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101