Fox Valley home prices August 10th
Fox Valley home prices August 10th. Mid 70’s to low 80’s for the next week. Perfect summer weather!
New listings this week are up. 260 this week compared to to 238 the previous week.
Closed listings are down. 197 this week compared to 296 the previous week.
Aurora-New 31 $209,900-$728,900
Closed-16 $170,000-$780,661
Bolingbrook-New 22 $299,999-$750,000
Closed-8 $300,000-$685,000
Elgin-New 25 $200,000-$769,000
Closed-21 $200,000-$750,000
Naperville-New 39 $379,900-$1,525,000
Closed-34 $332,000-$1,825,000
Oswego-New 12 $295,000-$579,900
Closed-15 $325,000-$775,000
Plainfield-New 35 $300,000-$1,085,000
Closed-31 $240,000-$670,000
St Charles-New 18 $289,000-$1,389,400
Closed-13 $175.000-$1,050,000
These are the communities with the most activity this week. You might want to look at other communities in photo above and find a community with price ranges that you are looking for.
If you are looking for lower taxes you might want to go out a little farther. Lower taxes means less services usually so if that does not matter then you might want to make your search area bigger.
Financing used, median prices, and 2,000 SF or more
Median list price this week $475,000, last week $452,500.
Closed median price this week $476,000, last week $459,900
Conventional financing was used to close on 140 homes this week at median price $487,950 with 23 days average market time, last week 223 homes at median price $490,000 with 23 days average market time.
Cash was used to close on 32 homes this week at median price $439,750 with 17 days average market time, last week 46 homes at median price $422,500 with 20 days average market time.
FHA financing was used to close on 15 homes this week at median price $425,000 with 40 days average market time, last week 21 homes at median price $379,990 with 38 days average market time.
VA financing was used to close on 10 homes this week at median price $387,500 with 19 days average market time, last week 5 homes at median price $480,990 with 13 days average market time.
2,000 SF or more closed on 122 homes at median price $552,500 with 28 days average market time, last week 181 homes at median price $550,000 with 28 days average market time. Minimum price this week $251,000, last week $280,000.
Only 7.6% of people used FHA financing this week. You might be able to afford more using FHA but if you can’t get your offer accepted it does not help.
Under contract this week
Homes that went under contract this week are down. 200 this week compared to 244 the previous week.
Aurora-33 Bolingbrook-17
Elgin-21 Naperville-26
Oswego-11 Plainfield-22
2 short sales were accepted by seller’s this week. 1 each in Montgomery and Warrenville. Now they will be submitted to the lender to see if they will also accept.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 48 hours and 4 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 48 hours and 1 with 24 hours.
Under contract median price this week $419,950 with 29 days average market time, last week $419,900 with 42 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 260 197 200
Totals 6206 5394 6170
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 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.
Here is some great information for you. Please click on everything that is bold and underlined to take you to the site for the information.
You can also go to my website and request 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 August 10th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101