Fox Valley home prices November 16th
Fox Valley home prices November 16th. Cloudy day today in the 50’s. This next week we will see between 40 degrees to 60 for highs and lows from 54 to 31 degrees.
New listings this week are down. 166 this week compared to 191 the previous week.
Closed listings are up. 169 this week compared to 143 the previous week.
Here are the communities with the most activity this week.
Aurora-New 14 $69,000-$819,900
Closed-28 $145,000-$1,025,000
Bolingbrook-New 9 $320,000-$539,900
Closed-14 $270,000-$531,000
Elgin-New 13 $159,900-$629,990
Closed-16 $260,000-$678,280
Naperville-New 18 $349,900-$1,250,000
Closed-11 $400,000-$1,150,000
Plainfield-New 27 $354,900-$812,000
Closed-31 $270,000-$952,000
St Charles-New 10 $299,900-$874,900
Closed-11 $235,270-$985,000
Look at the photo above to see the other communities that had activity this week and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $449,000, last week $448,350.
Closed median price this week $417,500, last week $445,000.
Conventional financing used to close on 123 homes this week at median price $437,200 with 42 days average market time, last week 112 homes at median price $475,000 with 39 days average market time.
Cash was used to close on 24 homes this week at median price $401,000 with 32 days average market time, last week 23 homes at median price $376,000 with 26 days average market time.
FHA financing was used to close on 15 homes this week at median price $375,000 with 22 days average market time, last week 6 homes at median price $330,000 with 48 days average market time.
VA financing used to close on 7 homes this week at median price $490,000 with 37 days average market time. last week 1 home at $490,000 with 4 days average market time.
2,000 SF or more closed on 100 homes this week at median price $512,111 with 45 days average market time, last week 92 homes at median price $528,000 with 48 days average market time. Minimum price this week $275,000, last week $680? (mistake that wasn’t corrected).
Over 72 % of homes closed this week used conventional financing. 59% of homes closed this week were at least 2,000 SF or more.
Under contract this week
Homes that went under contract this week are consistent. 168 this week compared to 163 the previous week.
Aurora-22 Bolingbrook-10
Elgin-22 Naperville-20
Plainfield-19 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. 6 with a kick-out clause of 48 hours and 3 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 3 with 48 hours, and 1 with 24 hours.
Median price of homes that went under contract this week $399,000 with 48 days average market time, last week median price was $435,000 with 58 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 1173 1050 1094
August 883 858 725
September 849 734 777
October 990 936 878
November 357 312 331
Totals 9025 8037 8681
There is activity every month of the year.
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.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Check out some great information by clicking on everything that is bold and underlined. It will take you to the information. If you are looking for other information not listed let us know and we will point you in the right direction.
You can also 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 November 16th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101