Fox Valley home prices December 14th
Fox Valley home prices December 14th. 37 and raining today. We will go up to 46 on Monday and then downhill from there to a high of 24. Not bad for a couple of weeks before Christmas.
New listings this week are way down. 95 this week compared to 121 the previous week.
Closed listings are up. 171 this week compared to 159 the previous week.
Here are the communities with the most activity this week.
Aurora New-11 $179,900-$539,681
Closed-16 $135,000-$691,329
Bolingbrook New-7 $334,900-$650,000
Closed-12 $226,000-$909,742
Elgin New-6 $250,000-$495,000
Closed-14 $195,000-$768,000
Naperville New-10 $479,900-$975,000
Closed-18 $390,000-$1,755,000
Oswego New-8 $350,000-$643,490
Closed-11 $290,000-$625,770
Plainfield New-20 $345,000-$839,000
Closed-24 $308,000-$830,303
South Elgin New-1 $239,000
Closed-13 $267,000-$807,345
St Charles New-5 $340,000-$1,550,000
Closed-14 $260,000-$874,000
Other communities had activity. You can see them and their price ranges in the photo above.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $435,720, last week $435,995.
Closed median price this week $435,000, last week $423,255.
Conventional financing was used to close on 131 homes this week at median price $435,000 with 55 days average market time, last week 118 homes at median price $419,127 with 36 days average market time.
Cash was used to close on 24 homes this week at median price $512,500 with 33 days average market time, last week 27 homes at median price $440,000 with 48 days average market time.
FHA financing was used to close on 10 homes this week at median price $357,500 with 32 days average market time, last week 11 homes at median price $350,000 with 25 days average market time.
VA financing was used to close on 4 homes this week at median price $438,750 with 98 days average market time, last week 2 homes at median price $351,500 with 34 days average market time.
2,000 SF or more closed on 100 homes this week at median price $525,000 with 54 days average market time, last week 89 homes at median price $519,500 with 41 days average market time. Minimum price this week $300,000, last week $317,000.
Every week the inventory of homes is different.
This week over 76 percent of homes used conventional financing to close on a home. As long as we are in a seller’s market I do not see this changing.
Under contract this week
Homes that went under contract this week are up slightly. 126 this week compared to 107 the previous week.
Aurora-14 Elgin-13
Naperville-11 Plainfield-13
1 short sale was accepted by a seller this week. It was in Sycamore.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 4 with 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and also 2 with 48 hours.
Median price of homes that went under contract this week $388,450 with 54 days average market time, last week $429,900 with 65 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 883 858 725
September 849 734 777
October 990 936 878
November 587 659 601
December 216 330 333
Totals 9471 8714 9284
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.
Click on everything that is bold and underlined to take you to this information.
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There is a big difference between a home inspection, city/village inspection, and appraisal. Please ask me to explain it to you. There is a lot to go over. You need to take the time and let us explain the process to you.
All data provided today was downloaded from our MLS MRED, LLC. It changes throughout the day as agents upload their information.
Fox Valley home prices December 14th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101