Fox Valley home prices November 16th

Posted on November 16, 2024November 16, 2024 by Kristine Heiman, Designated Managing Broker

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.

Stats 111624 — Stats for week ending November 16th

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.

Conv 111624 — Conventional financing used to close for week ending November 16th

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.

Cash 111624 — Cash used to close for week ending November 16th

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.

FHA 111624 — FHA financing used to close for week ending November 16th

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.

VA 111624 — VA financing used to close for week ending November 16th

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).

2000 SF or more 111624 — 2,000 SF or more closed for week ending November 16th

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.

Under contract stats 111624 — Under contract stats for week ending November 16th

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

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices November 9th

Posted on November 9, 2024November 9, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 9th

Fox Valley home prices November 9th. It looks like we will be in the 50’s this next week. Not bad for November.

New listings this week are up. 191 this week compared to 151 the previous week.

Closed listings are down. 143 this week compared to 226 the previous week.

Here are the communities that had the most activity this week.

Aurora-New 26 $240,000-$675,000

Closed-12 $172,000-$515,000

Elgin-New 19 $229,900-$612,490

Closed-14 $285,000-$610,000

Naperville-New 23 $400,000-$4,100,000

Closed-17 $336,000-$1,875,000

Plainfield-New 33 $240,000-$919,000

Closed-17 $680 (?)-$695,000

South Elgin-New 2 $510,000-$575,000

Closed-10 $250,000-$654,720

St Charles-New 14 $275,000-$1,035,000

Closed-9 $350,000-$1,620,000

Yorkville-New 12 $339,900-$625,000

Closed-5 $398,000-$725,000

Other communities also had activity this week. You can see them and their price ranges in the photo above.

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

Median list price this week $448,350, last week $450,000

Closed median price this week $445,000, last week $463,120.

Stats 110924 — Stats for week ending November 9th

Conventional financing was used to close on 112 homes this week at median price $475,000 with 39 days average market time, last week 175 homes at median price $480,000 with 35 average market time.

Conv 110924 — Conventional financing used to close for week ending November 9th

Cash was used to close on 23 homes this week at median price $376,000 with 26 days average market time, last week 30 homes at median price $590,000 with 28 days average market time.

Cash 110924 — Cash used to close for week ending November 9th

FHA financing was used to close on 6 homes this week at median price $330,000 with 48 days average market time, last week 16 homes at median price $300,500 with 25 days average market time.

FHA 110924 — FHA financing used to close for week ending November 9th

VA financing was used to close on 1 home this week at $490,000 with 4 days average market time, last week 5 homes at median price $473,990 with 37 days average market time.

VA 110924 — VA financing used to close for week ending November 9th

2,000 SF or more closed on 92 homes this week at median price $528,000 with 48 days average market time, last week 143 homes at median price $570,000 with 38 days average market time. Minimum price this week $680 (?), last week $263,000.

2000 SF or more 110924 — 2,000 SF or more closed for week ending November 9th

78% or the homes closed this week used conventional financing. Too bad someone uploaded the price wrong in Plainfield this week and threw the stats out of whack.