Fox Valley home prices February 10th
Fox Valley home prices February 10th. Another week with mid 40’s and then we will back to the 30’s during the day. Not bad for February.
New listings this week are slightly up. 145 this week compared to 138 the previous week.
Closed listings are down significantly. 72 this week compared to 140 the previous week.
Aurora-New 13 $164,900-$465,000
Closed-8 $262,500-$675,000
Elgin-New 20 $235,000-$634,945
Closed-7 $239,000-$425,000
Naperville-New 19 $389,900-$1,650,000
Closed-9 $335,000-$2,070,000
Plainfield-New 21 $260,000-$765,000
Closed-10 $353,000-$760,008
19 other communities had activity this week. Take a look at the photo above to see the price ranges in those communities.
Financing used, median price, and 2,000 SF or more
Median list price this week $419,000, last week $426,495.
Closed median price this week $397,000, last week $388,700.
Conventional financing was used to close on 56 homes this week at median price $404,250 with 44 days average market time, last week 100 homes at median price $419,500 with 63 days average market time.
Cash was used to close on 6 homes this week at median price $327,500 with 9 days average market time, last week 19 homes at median price $400,000 with 37 days average market time.
FHA financing was used to close on 6 homes at median price $325,000 with 65 days average market time, last week 16 homes at median price $363,245 with 52 days average market time.
VA financing was used to close on 4 homes this week at median price $543,900 with 15 days average market time, last week 5 homes at median price $385,000 with 41 days average market time.
2,000 SF or more closed on 41 homes this week at median price $505,000 with 36 days average market time, last week 82 homes at median price $521,000 with 61 days average market time. Minimum price this week $285,000, last week $249,900.
77% of homes closed this week used Conventional financing, cash and FHA were tied at 6 homes, and VA at 5 homes.
Under contract this week
Homes that went under contract this week are up. 177 this week compared to 142 the previous week.
Aurora-19 Elgin-21
Naperville-24 Oswego-10
Plainfield-25
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the closing of their current home. 1 with a kick-out clause of 72 hours, 2 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. 2 with a kick-out clause of 72 hours.
Median price of homes that went under contract this week $439,500 with 54 days average market time, last week $407,444 with 52 days average market time.
2024 by the month
Month New Closed Under contract
January 576 523 599
February 145 72 177
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 at 2023 and 2022 so you have something to compare to so you can see how it is going this year.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
All data was downloaded this morning from our MLS, MRED, LLC. It changes throughout the day.
Info to check out
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for a home anytime
Fox Valley home prices February 10th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101