Fox Valley home prices September 28th
Fox Valley home prices September 28th. It looks like it will range from 68 to 79 this week. 60’s the week after that.
New listings this week are down slightly. 188 this week compared to 223 the previous week.
Closed listings this week are up. 211 this week compared to 152 the previous week.
Aurora-New 26 $205,000-$850,000
Closed-23 $180,000-$665,000
Bolingbrook-New 13 $245,000-$1,125,000
Closed-14 $225,009-$552,000
Elgin-New 13 $209,000-$725,000
Closed-22 $250,000-$635,000
Naperville-New 28 $339,000-$1,790,000
Closed-29 $382,500-$1,250,000
North Aurora-New 1 $299,995
Closed-10 $270,000-$652,150
Oswego-New 4 $469,000-$1,495,000
Closed-13 $315,000-$674,990
Plainfield-New 28 $250,000-$650,000
Closed-23 $295,500-$760,000
St Charles-New 16 $299,900-$949,000
Closed-9 $330,000-$905,000
Yorkville-New 10 $349,900-$565,000
Closed-16 $364,900-$899,000
Other communities had activity this week. Look at the photo above for them and their price ranges.
Financing used, median prices, and 2000 SF or more
Median list price this week $444,900, last week $457,960.
Closed median price this week $442,990, last week $450,000.
Conventional financing was used to close on 154 homes this week at median price $463,500 with 20 days average market time, last week 104 homes at median price $455,000 with 23 days average market time.
Cash was used to close on 26 homes this week at median price $418,750 with 25 days average market time, last week 30 homes at median price $485,000 with 35 days average market time.
FHA financing was used to close on 17 homes this week at median price $364,990 with 46 days average market time, last week 6 homes at median price $338,500 with 61 days average market time.
VA financing was used to close on 13 homes this week at median price $460,000 with 30 days average market time, last week 10 homes at median price $425,000 with 24 days average market time.
2,000 SF or more closed on 118 homes this week at median price $541,250 with 22 days average market time, last week 100 homes at median price $510,000 with 30 days average market time. Minimum price this week $339,000, last week $229,900.
They are right in order with the most used to least used way to close. Conventional is the way to go if you do not have cash.
Under contract this week
homes that went under contract this week are pretty consistent. 201 this week compared to 211 the previous week.
Aurora-29 Bolingbrook-12
Elgin-25 Geneva-13
Naperville-28 Plainfield-17
St Charles-14 West Chicago-10
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. 2 with a kick-out clause of 72 hours, 7 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. 3 with a kick-out clause of 72 hours, 5 with 48 hours and 1 we don’t know.
Under contract median price this week $419,900 with 39 days average market time, last week $450,000 with 39 days average market time.
2024 by the month and a look back at 2023 and 2022
2024
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 883 858 725
September 849 734 777
Totals 7678 6789 7472
2023
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 869 988 915
September 684 621 623
Totals 6461 6043 6825
2022
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 1019 1134 1062
September 730 733 698
Totals 7947 7983 8279
We are doing better than last year, but 2022 was still better than than this and last year.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Check out some great resources. Click on everything that is bold and underlined to take you to the information.
You can also find on our website request a 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 September 28th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101