Fox Valley home prices January 7th
Fox Valley home prices January 7th. First week of the new year.
New listings this week were more than doubled. 108 this week compared to 44 the previous week.
Closed listings were down. 70 this week compared to 128 the previous week.
Aurora-New 12 $187,000-$734,900
Closed-14 $169,500-$625,000
Naperville-New 18 $390,000-$1,095,000
Closed-13 $330,000-$820,000
Plainfield-New 12 $239,900-$571,000
Closed-6 $260,000-$603,440
Yorkville-New 16 $335,000-$469,990
Closed-1 $3
75,000
Click on the photo above to see other communities that had activity this week. We are just highlighting the ones with the most activity.
Financing used, median prices, and 2,000 SF or more
Median list price this week $399,900, last week $350,000.
Closed median price this week $368,000, last week $368,750.
Conventional financing was used to close on 54 homes this week at median price $372,500 with 52 days average market time, last week 85 homes at median price $379,990 with 58 days average market time.
Cash was used to close on 8 homes this week at median price $435,500 with 42 days average market time, last week 21 homes at median price $467,500 with 65 days average market time.
FHA financing was used to close on 5 homes this week at median price $255,000 with 57 days average market time, last week 15 homes at median price $311,000 with 24 days average market time.
VA financing was used to close on 2 homes at median price $395,445 with 11 days average market time, last week 6 homes at median price $467,000 with 57 days average market time.
2,000 square feet or more closed on 38 homes this week at median price $447,500 with 57 days average market time, last week 68 homes at median price $447,170 with 73 days average market time. Minimum price this week $258,500, last week $240,000.
Residential homes that went under contract this week
Residential homes under contract this week were up. 76 this week compared to 51 the previous week.
Aurora-15 Naperville-11
Click on the photo to see other communities with activity this week.
1 short sale was accepted this week by a seller. It was in Montgomery. 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 and 1 with 48 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 1 with 48 hours.
Median price under contract this week $349,750 with 75 days average market time, last week the median price $385,000 with 62 days average market time.
2023 by the month
Month New Closed Contract accepted
January 108 70 76
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 2022, and 2021 so you can compare.
Resources
Click on everything that is bold and underlined to take you to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alerts
- Search for homes
Check with your loan officer to see what interest rate you will be offered. It depends on the credit score and other things that your loan officer will explain to you.
All data provided to day is from our MLS, MRED, LLC. The data changes continuously throughout the day as agent upload their information.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices January 7th. 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
