Fox Valley home prices July 6th
Fox Valley home prices July 6th. I hope you are enjoying the 4th of July weekend. 80’s this week with a couple of days of rain.
New listings this week are way down. 165 this week compared to 269 the previous week.
Closed listings are also way down. 175 this week compared to 249 the previous week.
Aurora-New 24 $130,000-$1,200,000
Closed-20 $245,000-$845,000
Bolingbrook-New 5 $270,000-$465,000
Closed-11 $280,000-$875,000
Elgin-New 14 $189,900-$1,190,000
Closed-10 $282,000-$725,000
Naperville-New 23 $475,000-$2,299,900
Closed-30 $437,000-$1,600,000
Oswego-New 8 $349,900-$750,000
Closed-10 $285,000-$565,000
Plainfield-New 33 $325,000-$725,000
Closed-23 $322,000-$685,000
St Charles-New 9 $365,000-$1,295,000
Closed-16 $367,450-$907,500
These are the communities with the most activity this week. Other communities also had activity. You can see the price ranges in those communities in the photo above.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $474,995, last week $492,370.
Closed median prices this week $460,000, last week $474,625.
Conventional financing was used to close on 137 homes this week at median price $477,000 with 23 days average market time, last week 179 homes at median price $515,000 with 37 days average market time.
Cash was used to close on 18 homes this week at median price $397,500 with 36 days average market time, last week 42 homes at median price $448,151 with 23 days average market time.
FHA financing was used to close on 15 homes this week at median price $368,700 with 21 days average market time, last week 19 homes at median price $332,000 with 36 days average market time.
VA financing was used to close on 5 homes this week at median price $480,000 with 14 days average maket time, last week 7 homes at median price $440,000 with 39 days average market time.
2,000 SF or more closed on 120 homes this week at median price $530,000 with 26 days average market time, last week 165 homes at median price $565,641 with 36 days average market time. Minimum price this week $179,900, last week $328,600.
78% of the homes closed this week used conventional financing. This is a holiday week so the overall numbers are down.
Under contract this week
Homes that went under contract this week are consistent even with the holiday. 229 this week compared to 233 the previous week.
Aurora-30 Elgin-24
Naperville-42 Oswego-14
Plainfield-25 St Charles-14
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 3 with 48 hours, and 2 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 ours and 3 with 48 hours.
Median price of homes that went under contract this week $429,630 with 30 days average market time, last week $450,000 with 35 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 1002 1075
June 1009 906 918
July 165 175 229
Totals 4938 4322 5105
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 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.
Here are some great resources for you to check out. Click on everything that is bold and underlined to take you to 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 a home anytime
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices July 6th. Have an awesome week ahead!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101