Fox Valley home prices February 4th

Fox Valley home prices February 4th. We still have snow on the ground. Not too much. We should hover around 40° starting today and through this next week.

New listings this week are down. 108 this week compared to 127 the previous week.

Closed listings are down slightly. 111 this week compared to 98 the previous week.

Aurora-New 8 $179,900-$325,000

Closed-17 $175,000-$674,000

Bolingbrook-New 9 $239,900-$479,900

Closed-11 $185,000-$420,000

Naperville-New 15 $299,900-$875,000

Closed-13 $297,999-$830,000

Plainfield-New 18 $219,900-$825,000

Closed-16 $140,000-$670,000

Yorkville-New 5 $399,900-$565,000

Closed-11 $311,500-$569,000

Click on the photo above to see other communities with activity this week.

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

Median list price this week $385,000, last week $399,990. (I had to go back in and download this a couple hours later so by then there were 3 more new listings added for this week.)

Closed listings median price this week $352,335, last week $387,950.

Stats 020423 — Stats for week ending February 4th.

Conventional financing was used to close on 81 homes this week at median price $385,000 with 63 days average market time, last week 72 homes at median price $429,250 with 45 days average market time.

Conv 020423 — Conventional financing used to close for week ending February 4th.

Cash was used to close on 11 homes this week at median price $190,000 with 58 days average market time, last week 14 homes at median price $304,762 with 40 days average market time.

Cash 020423 — Cash used to close for week ending February 4th.

FHA financing used to close this week on 13 homes at median price $295,000 with 64 days average market time, last week 10 homes at median price $328,795 with 91 days average market time.

FHA 020423 — FHA financing used to close for week ending February 4th.

VA financing was used to close on 6 homes this week at median price $428,750 with 59 days average market time, last week 3 homes at median price $433,500 with 64 days average market time.

VA 020423 — VA financing used to close for week ending February 4th.

2,000 SF or more closed on 67 homes at median price $421,250 with 70 days average market time, last week 61 homes at median price $480,000 with 62 days average market time. Minimum price this week $152,000, last week median price $309,500.

2000 SF or more 020423 — Homes that were at least 2,000 SF or more closed for week ending February 4th.

Homes under contract this week

Under contract this week were slightly up. 165 this week compared to 158 the previous week.

Aurora-24 Bolingbrook-18

Naperville-24 Oswego-12

Plainfield-25 Yorkville-11

Click on the photo above to see other communities that had homes that went under contract this week.

3 short sales were accepted this week by seller’s. 1 each in Bolingbrook, Montgomery, and Somonauk. Now they will go to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 3 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. 1 with a kick-out clause of 72 hours, 4 with 48 hours, and 1 with 24 hours.

Median price of homes that went under contract this week $369,900 with 59 days average market time, last week median price $387,450 with 68 hours average market time.

Under contract this week 020423 — Homes that went under contract for week ending February 4th.

2023 by the month

Month New Closed Under contract

January 483 326 470

February 108 111 165

Totals 591 437 635

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also take a look back at 2022 and 2021 so you have something to compare this year to.

Resources

Click on each of the bullet points to take you to the site for the information. Let us know if you are looking for other information and we will point you in the right direction.

Check with your loan officer for the interest rate you will be offered. It depends on your credit score and other things that they will explain to you. Get all your financial information to them as quickly as you can, so they can get started on the approval process You might have things you have to work on and now is the time to do that before you find a home. Once this process is over you can be confident on the price range you are looking in.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day.

Fox Valley home prices February 4th. 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