Fox Valley home prices December 7th
Fox Valley home prices December 7th. 45 for a high today and partly cloudy. This next week it will range from 23 for a high to 51. Up and down all week. That is some pretty good temps for our area in December.
New listings this week are up. 121 this week compared to 83 the week before. Last week was Thanksgiving week so it was a short week.
Closed listings are up slightly. 159 this week compared to 149 the previous week.
Here is the communities with the most activity this week in the Fox Valley area of Illinois.
Aurora New-15 $179,999-$985,913
Closed-21 $205,000-$563,040
Bolingbrook New-8 $249,900-$559,000
Closed-12 $299,900-$1,029,967
Elgin New-9 $265,000-$617,990
Closed-10 $215,000-$520,000
Naperville New-11 $437,900-$639,500
Closed-22 $277,000-$1,457,517
Plainfield New-16 $345,000-$659,900
Closed-18 $235,000-$661,000
St Charles New 3 $799,900-$1,100,000
Closed-11 $390,000-$1,200,000
Sycamore New-11 $215,000-$469,940
Closed-4 $248,000-$375,000
Look at the photo above to see the other communities that had activity this week and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $435,995, last week $434,945.
Closed median price this week $423,255, last week $434,990.
Conventional financing was used to close on 118 homes this week at median price $419,127 with 36 days average market time, last week 116 homes at median price $455,945 with 46 days average market time.
Cash was used to close on 27 homes this week at median price $440,000 with 48 days average market time, last week 17 homes at median price $460,000 with 64 days average market time.
FHA financing was used to close on 11 homes this week at median price $350,000 with 25 days average market time, last week 14 homes at median price $377,500 with 29 days average market time.
VA financing was used to close on 2 homes this week at median price $351,500 with 34 days average market time, last week 2 homes at median price $354,999 with 13 days average market time.
2,000 SF or more closed on 89 homes at median price $519,500 with 41 days average market time, last week 89 homes at median price $559,900 with 53 days average market time. Minimum price this week $317,000, last week $245,000.
74 percent of homes closed this week used conventional financing. Median list price this week was consistent and median closed price went up slightly. A little over half of the homes closed this week were at least 2,000 Square feet or more.
Under contract this week
Homes that went under contract this week are down. 107 this week compared to 121 the previous week.
Communities seller’s accepted the most contracts this week.
Aurora-19 Plainfield-13
1 short sale was accepted by a seller this week. It was in Geneva.
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 2 with 24 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 1 with 48 hours.
Median price of homes that went under contract this week $429,900 with 65 days average market time, last week $429,900 with 53 days average market time.
Market time has increased. There are still homes that receive contracts right away. If you get your home market ready and price it right it will still move quickly.
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 121 159 107
Totals 9376 8543 9058
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 also take a look back at 2023 and 2022 so you have something to compare to.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Here is some great resources to check out. Click on everything that is bold and underlined to take you to the information.
You can also request a home valuation, sign-up for email alerts, search for a home anytime.
Talk to your loan officer to find out about all the programs that they offer.
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 7th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101