Fox Valley home prices August 3rd
Fox Valley home prices August 3rd. Today and the next couple of days will be hot and in the 90’s. After that we will be in the 70’s. Relief is on it’s way!
New listings are consistent. 238 this week compared to 231 the previous week.
Closed listings are up. 296 this week compared to 204 the previous week.
Aurora-New 30 $200,000-$850,000
Closed-35 $202,500-$778,100
Batavia-New 10 $220,000-$829,000
Closed-14 $300,000-$1,425,000
Bolingbrook-New 16 $225,000-$575,000
Closed-18 $193,000-$610,000
Elburn-New 3 $419,900-$537,880
Closed-11 $375,000-$3,025,000
Elgin-New 27 $75,000-$742,480
Closed-26 $125,000-$740,000
Naperville-New 35 $429,900-$2,170,000
Closed-55 $340,000-$1,590,000
Plainfield-New 28 $300,000-$875,000
Closed-34 $285,000-$710,000
St Charles-New 14 $235,000-$1,500,000
Closed-19 $183,000-$3,075,000
Yorkville-New 10 $399,900-$850,000
Closed-8 $209,000-$680,526
Other communities had activity this week. Look at the photo above to see them and the price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $452,500, last week $459,000.
Closed median price this week $459,900, last week $468,500.
Conventional financing was used to close on 223 homes this week at median price $490,000 with 23 days average market time, last week 163 homes at median price $485,000 with 30 days average market time.
Cash was used to close on 46 homes at median price $422,500 with 20 days average market time, last week 21 homes at median price $393,000 with 32 days average market time.
FHA financing was used to close on 21 homes at median price $379,990 with 38 days average market time, last week 9 homes at median price $401,990 with 21 days average market time.
VA financing was used to close on 5 homes this week at median price $480,990 with 13 days average market time, last week 7 homes at median price $572,990 with 46 days average market time.
2,000 SF or more closed on 181 homes this week at median price $550,000 with 28 days average market time, last week 130 homes at median price $571,495 with 37 days average market time. Minimum price this week $280,000, last week $287,000.
75% of homes closed this week used conventional financing. Only 7% used FHA financing. What type of financing you choose matters.
Under contract this week
Homes that went under contract this week are up. 244 this week compared to 202 the previous week.
Aurora-33 Bolingbrook-17
Elgin-23 Naperville-35
Oswego-11 Plainfield-25
St Charles-17
1 short sale was accepted this week by a seller. It was in Lake Holiday. Now it 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 homes. 3 with a kick-out clause of 72 hours, 5 with 48 hours, and 2 with 24 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, 3 with 48 hours, and 1 with 24 hours.
Under contract median price this week $419,900 with 42 days average market time, last week $449,900 with 26 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
May 1077 1002 1075
June 1009 906 918
July 1173 1050 1094
Totals 5946 5197 5970
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 906
July 765 745 805
Totals 4908 4434 5267
2022
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
Totals 6198 6116 6519
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.
Here is some great information for you to check out. Click on everything that is bold and underlined to take you to the site for the information.
On my website you canrequest home valuation, sign-up for email alerts, search for a home anytime.
All data used today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices August 3rd. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101