Fox Valley home prices December 21st
Fox Valley home prices December 21st. 25 degrees and sunny today but it will get up to 50 by next Saturday.
New listings this week are down. 81 this week compared to 95 the previous week.
Closed listings this week are up. 194 this week compared to 171 the previous week.
Here are the communities with the most activity this week.
Aurora New-9 $80,000-$552,061
Closed-23 $217,000-$539,470
Bolingbrook New-9 $315,000-$726,068
Closed-11 $258,000-$945,331
Elgin New-5 $288,000-$574,990
Closed-22 $130,000-$624,990
Naperville New-5 $498,189-$1,649,900
Closed-22 $365,000-$1,675,000
Oswego New-1 $440,000
Closed-10 $354,990-$615,000
Plainfield New-17 $379,9990-$642,530
Closed-24 $299,000-$850,000
St Charles New-6 $325,000-$725,000
Closed-10 $300,000-$1,300,000
Other communities had activity this week. You can see them in the photo above with their price ranges.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $412,700, last week $435,720.
Closed median price this week $410,000, last week $435,000.
Conventional financing was used to close on 132 homes this week at median price $425,000 with 39 days average market time, last week 131 homes at median price $435,000 with 55 days average market time.
Cash was used to close on 29 homes this week at median price $365,000 with 39 days average market time, last week 24 homes at median price $512,500 with 33 days average market time.
FHA financing was used to close on 23 homes this week at median price $325,000 with 28 days average market time, last week 10 homes at median price $357,500 with 32 days average market time.
VA financing was used to close on 9 homes this week at median price $629,000 with 173 days average market time, last week 4 homes at median price $438,750 with 98 days average market time.
2,000 SF or more closed on 114 homes this week at median price $520,000 with 52 days average market time, last week 100 homes at median price $525,000 with 54 days average market time. Minimum price this week $205,000, last week $300,000.
Conventional financing continues to be the most used way to finance a home. Cash buyers are still 2nd in the way to close on a home.
Under contract this week
Homes that went under contract this week are the same amount as the week before. 126 both weeks.
Here are the communities that seller’s accepted the most contracts this week.
Aurora-17 Elgin-18
Naperville-14 Oswego-11
Plainfield-20
2 short sales were accepted by seller’s this week. Both of them were in Plainfield.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 1 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 and 2 with 48 hours.
Median price of homes that went under contract this week $398,200 with 68 days average market time, last week $388,450 with 54 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 297 524 459
Totals 9552 8908 9410
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 will take a look back at 2023 and 2022. Next week is the last full week of the year.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Check out these great resources by clicking on everything that is bold and underlined to take you to the information.
Some lenders also have programs to help. You need to ask.
You can also request a 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 as agents upload their information.
Fox Valley home prices December 21st. Have an awesome week! Merry Christmas and Happy Holidays to you!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101