Fox Valley home prices August 6th.  Here we are in the first week of August already.  Time is flying by this year.  School will be starting in the next couple of weeks here.

We will show you the home prices for new listings, closed, contracts accepted, financing used and 2022 by the month in the communities here in the Fox Valley area of Illinois.  We will also show you some great resources to check out.  Let’s get started.

New listings this week are up.  266 this week compared to 218 the previous week.

Closed listings are down.  224 this week compared to 271 the previous week.

Aurora-New 30 $164,900-$675,000

             Closed-33 $161,000-$637,600

Batavia-New 3 $309,900-$575,000

               Closed-13 $235,000-$975,000

Bolingbrook-New 26 $215,000-$698,000

                      Closed-11 $245,000-$583,000

Montgomery-New 11 $195,000-$363,108

                       Closed-10 $155,000-$400,000

Naperville-New 53 $235,000-$2,200,000

                   Closed-37 $325,000-$2,400,000

Oswego-New 12 $260,000-$1,185,000

               Closed-12 $235,000-$595,000

Plainfield-New 33 $229,000-$949,000

                  Closed-33 $215,000-$659,000

St Charles-New 17 $250,000-$1,699,000

                  Closed-13 $328,000-$712,742

Yorkville-New 13 $99,900-$550,000

                Closed-5 $325,000-$682,000

These communities are the ones with the most activity this week.  Check with the photo above for other communities with activity.

Financing used, median prices, and 2,000 SF or more

Median list price this week $399,000, last week $389,900

Closed median price this week $407,500, last week $395,000.

Conventional financing was used to close on 151 homes this week at median price $455,000 with 19 days average market time, last week 193 homes at median price $416,000 with 31 days average market time.

Cash was used to close on 26 homes this week at median price $431,500 with 19 days average market time, last week 34 homes at median price $451,551 with 21 days average market time.

FHA financing was used to close on 38 homes this week at median price $300,000 with 27 days average market time, last week 37 homes at median price $269,000 with 18 days average market time.

VA financing used to close on 7 homes this week at median price $350,000 with 22 days average market time, last week 5 homes at median price $365,000 with 4 days average market time.

Homes that were at least 2,000 square feet or more closed on 130 homes at median price $500,500 with 21 days average market time, last week 156 homes at median price $507,450 with 29 days average market time.  Minimum price this week $238,000, last week $285,000.

Contracts accepted this week

Contracts accepted this week are down.  201 this week compared to 226 the previous week.

Aurora-33                                Bolingbrook-13

Elburn-11                                 Naperville-29

Oswego-12                              Plainfield-21

Yorkville-13

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.  2 with a kick-out clause of 72 hours, 5 with 48 hours, and 1 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, 8 with 48 hours, and 1 with 24 hours.

Median price of home that went under contract this week $364,900 with 32 days average market time, last week median price $373,450 with 31 days 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                          995       932               908

August                     266       224               201

Totals                     6504     6340            6720

Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois.  At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year is going compared to the previous 2 years.

Resources

Click on anything that is bold and underlined to take you to the site for the information.  If there is something else you are looking for just let me know and I will point you in the right direction.

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

Check with your loan officer for the interest rate you will be offered.  It depends on your credit score.  If you need to work on your score they can help you.

We can recommend a few options for you to choose for a real estate attorney, home inspector or loan officer.  Just let us know.

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.

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

Fox Valley home prices August 6th.  Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101