Fox Valley home prices August 13th

Fox Valley home prices August 13th.  We are now in the 2nd full week of August.  Some schools have started and others will start soon.

New listings this week are down.  206 this week compared to 266 the previous week.

Closed listings are also down.  213 this week compared to 224 the previous week.

Aurora-New 39 $150,000-$650,000

             Closed-29 $155,000-$790,000

Batavia-New 3 $265,000-$599,900

               Closed-10 $230,000-$657,500

Bolingbrook-New 13 $229,000-$559,000

                      Closed-9 $175,000-$538,000

Naperville-New 30 $359,900-$1,299,000

                   Closed-43 $273,000-$1,185,792

Oswego-New 11 $235,000-$559,500

               Closed-5 $385,000-$485,000

Plainfield-New 28 $279,900-$1,499,000

                  Closed-32 $275,000-$965,000

St Charles-New 18 $265,000-$2,980,000

                  Closed-12 $312,400-$720,000

Take a look at the photo above for other communities that had activity this week.

Median prices, financing used, and 2,000 SF or more

Median list price this week $398,180, last week $399,000

Closed median price this week $390,000, last week $407,500.

Conventional financing was used to close on 155 homes this week with a median price $433,000 with 18 days average market time, last week 151 homes with median price $455,000 with 19 days average market time.

Cash was used to close on 28 homes this week with median price $330,000 with 28 days average market time, last week 26 homes with median price $431,500 with 19 days average market time.

FHA financing was used to close on 20 homes this week with median price $315,000 with 13 days average market time, last week 38 homes with median price $300,000 with 27 days average market time.

VA financing was used to close on 9 homes with median price $333,000 with 18 days average market time, last week 7 homes with median price $350,000 with 22 days average market time.

Homes that were at least 2,000 square feet or more closed on 138 homes with median price $484,950 with 20 days average market time, last week 130 homes with median price $500,500 with 21 days average market time.  Minimum price this week $110,000, last week $238,000.

Contracts accepted this week

Contracts accepted this week were up.  222 this week compared to 201 the previous week.

Aurora-31                           Bolingbrook-18

Montgomery-13                 Naperville-24

Oswego-10                         Plainfield-22

St Charles-22                      West Chicago-11

Yorkville-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.  4 with a kick-out clause o 72 hours, 5 with 48 hours, and 6 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 72 hours and 10 with 48 hours.

Median price of home that went under contract this week in the Fox Valley $359,700 with 37 days average market time, last week median price $364,900 with 32 ays average market time.

2022 by the month

Month                     New   Closed   Contracts accepted

January                    422        492             623

February                  523        520             724

March                       734        904             890

April                        1168        966            1334

May                         1101        893             806

June                         1295      1409            1234

July                           955        932             908

August                     472         437             423

Totals                     6670      6553           6942

Check back with us every Saturday for the real estate market update.  At the end of each month we will also look back at 2021 and 2020 so you can see how this year is going.

Resources

Click on each thing that is bold and underlined and it will take you to the site for the information.  If you are looking for any other information please let us know.

• Types of loans and the process
• VA loans and the requirements
• Current interest rates
• Down payment assistance
• IHDA programs
• Home valuation request
• Sign-up for email alerts
• Search for a home today

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.

We make a few recommendations for loan officers, real estate attorney and home inspectors and you can decide who you want to work with.

All data provided is from our MLS.  MRED, LLC.  It continuously changes throughout the day as agents upload information.

Contact us

Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

Fox Valley home prices August 13th.  Have an awesome week!

Kristine Heiman, SRS, SFR, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101