Fox Valley home prices April 6th
Fox Valley home prices April 6th. We finally see the sun. It has been raining for days. Temperatures will go from the mid 50’s up to 70 the next couple of weeks.
New listings are up. 223 this week compared to 125 the previous week.
Closed listings are down. 183 this week compared to 209 the previous week.
Aurora-New 20 $189,900-$740,000
Closed-16 $159,000-$702,097
Bolingbrook-New 13 $152,000-$679,000
Closed-10 $196,000-$580,600
Elgin-New 23 $170,000-$652,995
Closed-22 $190,000-$672,000
Montgomery-New 7 $235,000-$429,900
Closed-10 $233,000-$549,000
Naperville-New 40 $289,900-$2,390,000
Closed-20 $285,000-$1,525,000
Oswego-New 8 $320,000-$629,900
Closed-10 $289,000-$670,000
Plainfield-New 36 $240,000-$699,900
Closed-20 $312,000-$791,272
St Charles-New 14 $329,900-$750,000
Closed-10 $268,100-$1,200,000
These are the communities with the most activity this week. Look at the photo above to see other communities that had activity and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $459,450, last week $435,000
Closed median price this week $430,000, last week $415,000.
Conventional financing was used to close on 140 homes this week at median price $460,000 with 29 days average market time, last week 154 homes at median price $442,455 with 46 days average market time.
Cash was used to close on 23 homes this week at median price $340,000 with 41 days average market time, last week 30 homes at median price $369,950 with 61 days average market time.
FHA financing was used to close on 14 homes this week at median price $327,500 with 31 days average market time, last week 17 homes at median price $370,000 with 62 days average market time.
VA financing was used to close on 6 homes this week at median price $423,750 with 25 days average market time, last week 6 homes at median price $463,650 with 81 days average market time.
2,000 SF or more closed on 112 homes at median price $531,700 with 32 days average market time, last week 127 homes at median price $499,990 with 59 days average market time. Minimum price for 2,000 SF or more this week $118,000, last week $198,000.
Conventional financing wins again this week. Cash is next.
Under contract this week
Homes that went under contract are down. 163 this week compared to 213 the previous week.
Aurora-22 Batavia-11
Elgin-23 Naperville-20
Plainfield-23 St Charles-11
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. 1 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. 3 with a kick-out clause of 72 hours and 2 with 48 hours.
Median price of homes that went under contract this week $450,000 with 37 days average market time, last week $449,900 with 32 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 223 183 163
Totals 2110 1734 2245
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 so you can compare.
Contact us
Call us with all your real estate questions 630-503-6555. Your goal is our goal.
Information for you to check out. Click on everything that is bold and underlined to take you to the information.
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- VA loans and the requirements
- Down payment assistance
- IHDA programs
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All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices April 6th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101