Fox Valley area of Illinois home prices February 22nd
Fox Valley area of Illinois home prices February 22nd. Cloudy and 34 degrees today, but this next week it is going to be in the 40’s. It is going to be a heat wave!
New listings this week are up slightly. 162 this week compared to 140 the previous week.
Closed listings are also up slightly. 125 this week compared to 100 the previous week.
Aurora New-20 $219,900-$789,900
Closed-20 $205,000-$648,103
Bolingbrook New-15 $275,000-$870,845
Closed-12 $250,850-$835,000
Elgin New-17 $228,890-$750,000
Closed-15 $124,000-$712,310
Naperville New-35 $340,000-$4,890,000
Closed-13 $459,700-$899,000
Plainfield New-23 $274,900-$750,000
Closed-11 $220,000-$784,464
St Charles New 8 $425,000-$1,399,900
Closed-10 $325,000-$800,000
These are the communities with the most activity this week. To see other communities that also had activity look at the photo above and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $468,900, last week $460,945.
Closed median price this week $410,000, last week $442,500.
Conventional financing was used to close on 87 homes this week at median price $440,000 with 43 days average market time, last week 68 homes at median price $444,995 with 45 days average market time.
Cash was used to close on 20 homes this week at median price $417,500 with 65 days average market time, last week 18 homes at median price $470,549 with 84 days average market time.
FHA financing was used to close on 13 homes this week at median price $280,000 with 46 days average market time, last week 8 homes at median price $435,250 with 39 days average market time.
VA financing was used to close on 5 homes this week at median price $469,900 with 56 days average market time, last week 6 homes at median price $376,500 with 104 days average market time.
2,000 SF or more closed on 66 homes this week at median price $524,000 with 44 days average market time, last week 56 homes at median price $536,700 with 81 days average market time. Minimum price this week $280,000, last week $328,000.
69.6% of homes closed using conventional financing this week.
Under contract this week
Homes that went under contract this week are consistent. 145 this week compared to 139 the previous week.
Aurora-11 Elgin-11
Naperville-21 Plainfield-19
These are the communities seller’s accepted the most contracts. Other communities saw activity this week. You can see in the photo above.
2 short sales were accepted by seller’s this week. Both of them were in Bolingbrook.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 2 with 48 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 and 2 with 48 hours.
Under contract median price this week $439,900 with 49 days average market time, last week $409,000 with 46 days average market time.
2023 by the month
Month New Closed Under contract
January 585 570 652
February 453 345 427
Totals 1038 915 1079
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
At the end of the month we will also take a look back at 2024 and 2023 so you have something to compare to.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal if our goal.
You can go to the National Association of REALTORS to get some great information from the guides listed there. Everything from working with a REALTOR, to financing, closing costs, earnest money, buying your first home, and steps between signing and closing. Scroll down to find the guides.
You can also request a home valuation, sign-up for email alerts, and search for a home.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices February 22nd. Have an awesome week! The weather looks great for next week.
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101