Fox Valley home prices August 10th

Fox Valley home prices August 10th

Fox Valley home prices August 10th.  Mid 70’s to low 80’s for the next week.  Perfect summer weather!

New listings this week are up.  260 this week compared to to 238 the previous week.

Closed listings are down.  197 this week compared to 296 the previous week.

Aurora-New 31 $209,900-$728,900

             Closed-16 $170,000-$780,661

Bolingbrook-New 22 $299,999-$750,000

                      Closed-8 $300,000-$685,000

Elgin-New 25 $200,000-$769,000

          Closed-21 $200,000-$750,000

Naperville-New 39 $379,900-$1,525,000

                   Closed-34 $332,000-$1,825,000

Oswego-New 12 $295,000-$579,900

               Closed-15 $325,000-$775,000

Plainfield-New 35 $300,000-$1,085,000

                  Closed-31 $240,000-$670,000

St Charles-New 18 $289,000-$1,389,400

                  Closed-13 $175.000-$1,050,000

These are the communities with the most activity this week.  You might want to look at other communities in photo above and find a community with price ranges that you are looking for.

If you are looking for lower taxes you might want to go out a little farther.  Lower taxes means less services usually so if that does not matter then you might want to make your search area bigger.

Financing used, median prices, and 2,000 SF or more

Median list price this week $475,000, last week $452,500.

Closed median price this week $476,000, last week $459,900

Stats 081024
Stats for week ending August 10th

Conventional financing was used to close on 140 homes this week at median price $487,950 with 23 days average market time, last week 223 homes at median price $490,000 with 23 days average market time.

Conv 081024
Conventional financing used to close for week ending August 10th

Cash was used to close on 32 homes this week at median price $439,750 with 17 days average market time, last week 46 homes at median price $422,500 with 20 days average market time.

Cash 081024
Cash used to close for week ending August 10th 

FHA financing was used to close on 15 homes this week at median price $425,000 with 40 days average market time, last week 21 homes at median price $379,990 with 38 days average market time.

FHA 081024
FHA financing used to close for week ending August 10th

VA financing was used to close on 10 homes this week at median price $387,500 with 19 days average market time, last week 5 homes at median price $480,990 with 13 days average market time.

VA 081024
VA financing used to close for week ending August 10th

2,000 SF or more closed on 122 homes at median price $552,500 with 28 days average market time, last week 181 homes at median price $550,000 with 28 days average market time.  Minimum price this week $251,000, last week $280,000.

2000 SF or more 081024
2,000 SF or more closed for week ending August 10th

Only 7.6% of people used FHA financing this week.  You might be able to afford more using FHA but if you can’t get your offer accepted it does not help.

Under contract this week

Homes that went under contract this week are down.  200 this week compared to 244 the previous week.

Fox Valley home prices August 10th-Under contract this week

Aurora-33                           Bolingbrook-17

Elgin-21                              Naperville-26

Oswego-11                          Plainfield-22

2 short sales were accepted by seller’s this week.  1 each in Montgomery and Warrenville.  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 48 hours and 4 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  4 with a kick-out clause of 48 hours and 1 with 24 hours.

Under contract median price this week $419,950 with 29 days average market time, last week $419,900 with 42 days average market time.

Under contract stats 081024
Under contract stats for week ending August 10th

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                  1173      1050         1094

August             260         197          200

Totals             6206      5394         6170

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 also take a look back at 2023 and 2022.

Contact us

Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.

Here is some great information for you.  Please click on everything that is bold and underlined to take you to the site for the information.

 You can also go to my website and request home valuation, sign-up for email alerts  and search for a home anytime.

All data provided today was downloaded from our MLS, MRED, LLC.  It changes throughout the day.

Fox Valley home prices August 10th.  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

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