Fox Valley home prices January 6th
Fox Valley home prices January 6th. Happy New Year! This is the first week of the year.
We just had our first snow fall and expect to get a big snow fall on Tuesday. We will see.
New listings are up. 92 this week compared to 48 the previous week.
Closed listings are down. 84 this week compared to 101 the previous week.
Aurora-New 7 $182,000-$519,900
Closed-15 $210,000-$508,000
Bolingbrook-New 11 $259,000-$459,900
Closed-6 $255,000-$510,000
Naperville-New 6 $395,000-$1,350,000
Closed-11 $320,000-$1,454,418
Plainfield-New 13 $339,000-$799,000
Closed-7 $330,000-$540,000
Yorkville-New 10 $305,000-$420,000
Closed-5 $50,000-$425,000
Look at photo above for some of the other communities that had activity this week. See the price ranges in those communities.
Financing used, median prices, and 2,000 SF or more
Median list price this week $400,000, last week $399,900.
Closed median price this week $365,000, last week $390,000.
Conventional financing was used to close on 51 homes this week at median price $389,500 with 47 days average market time, last week 71 homes at median price $399,900 with 40 days average market time.
Cash was used to close on 20 homes this week at median price $350,000 with 65 days average market time, last week 15 homes at median price $355,000 with 50 days average market time.
FHA financing was used to close on 9 homes this week at median price $346,000 with 26 days average market time, last week 7 homes at median price $395,000 with 34 days average market time.
VA financing used to close on 4 homes this week at median price $319,500 with 24 days average market time, last week 8 homes at median price $383,250 with 17 days average market time.
2,000 SF or more closed on 41 homes at median price $480,000 with 69 days average market time, last week 55 homes at median price $465,000 with 43 days average market time. Minimum price this week $200,000, last week $265,000.
2024 is continuing the trend of using Conventional financing more than any other type of financing. Next is cash.
Under contract this week
Homes that went under contract this week are up. 72 this week compared to 43 the previous week.
Plainfield -19
One short sale to report this week. It was in St Charles.. Now it will be submitted 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, 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. 3 with a kick-out clause of 48 hours and 1 with 24 hours.
Median price of homes that went under contract this week $419,450 with 69 days average market time, last week $359,000 with 48 days average market time.
2024 by the week
Month New Closed Under contract
January 92 84 72
We are just beginning the new year. Check back with us every Saturday for the Fox Valley area of Illinois real estate market update. At the end of each month we will 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.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
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Fox Valley home prices January 6th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101