Fox Valley home prices April 27th
Fox Valley home prices April 27th. Stormy and warm today. It is supposed to be in the 70’s all week.
New listing this week are consistent. 196 this week compared to 208 the previous week.
Closed listings are also consistent. 175 this week compared to 169 the previous week.
Aurora-New 13 $229,900-$750,000
Closed-18 $180,000-$745,000
Bolingbrook-New 10 $289,000-$874,534
Closed-8 $154,241-665,000
Elgin-New 24 $169,900-$1,185,000
Closed-14 $229,000-$600,990
Naperville-New 38 $270,000-$1,800,000
Closed-30 $345,000-$3,700,000
Plainfield-New 21 $315,000-$509,990
Closed-25 $280,000-$585,000
St Charles-New $379,000-$1,349,880
Closed-9 $316,000-$1,265,000
These are the communities with the most activity this week. Other communities had activity. See the price ranges in those communities in the photo above.
Financing used, median price, and 2,000 SF or more
Median list price this week $469,990, last week $453,990.
Closed median price this week $450,000, last week $442,000.
Conventional financing was used to close on 130 homes this week at median price $442,495 with 44 days average market time, last week 132 homes at median price $470,000 with 29 days average market time.
Cash was used to close on 26 homes this week at median price $511,500 with 33 days average market time, last week 29 homes at median price $375,000 with 47 days average market time.
FHA financing was used to close on 9 homes this week at median price $375,000 with 30 days average market time, last week 4 homes at median price $317,500 with 37 days average market time.
VA financing was used to close on 9 homes this week at median price $435,000 with 24 days average market time, last week 2 homes at median price $452,500 with 7 days average market time.
2,000 SF or more closed on 114 homes this week at median price $507,500 with 49 days average market time, last week 99 homes at median price $542,500 with 33 days average market time. Minimum price this week $309,000, last week $120,000.
Conventional financing continues to be the most used way to close.
Under contract this week
Homes that went under contract this week are slightly down. 196 this week compared to 217 the previous week.
Aurora-21 Bolingbrook-16
Elgin-19 Geneva-10
Naperville-31 Plainfield-37
1 short sale was accepted by a seller this week. It was in St Charles. Now it will be submitted to the lender to see if they will also accepte.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 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 1 with 48 hours.
Median price of home that went under contract this week $457,500 with 32 days average market time, last week $449,990 with 36 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
Totals 2687 2239 2883
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
Totals 2378 2027 2740
2022
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
Totals 2847 2882 3571
Monday is the last day of the month but we will put it on May’s totals. 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 these great resources. Click on everything that is bold and underlined to take you to the information.
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alerts
- Search for a home anytime.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices April 27th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101