Fox Valley home prices July 13th
Fox Valley home prices July 13th. It is going to be a hot one today. The next few days will also be hot and they are calling for storms each day until Wednesday.
New listings this week are up. 299 this week compared to 165 the previous week.
Closed listings are also up. 194 this week compared to 175 the previous week. We did have a holiday week last week so it was not a full week of activity.
Aurora-New 30 $210,000-$645,000
Closed-15 $225,000-$1,050,000
Bolingbrook-New 19 $299,900-$785,398
Closed-16 $292,000-$600,000
Elgin-New 16 $214,900-$625,000
Closed-20 $205,000-$659,900
Geneva-New 11 $289,900-$949,000
Closed-7 $300,528-$585,000
Montgomery-New 10 $225,000-$449,000
Closed-5 $297,000-$450,000
Naperville-New 53 $329,900-$2,250,000
Closed-35 $373,000-$1,270,000
Oswego-New 13 $250,000-$699,900
Closed-8 $230,000-720,000
Plainfield-New 34 $325,000-$1,120,000
Closed-14 $305,000-$650,000
St Charles-New 22 $190,000-$2,495,000
Closed-10 $301,500-$899,000
Yorkville-New 20 $285,000-$800,000
Closed-10 $305,000-$563,000
We highlighted the communities with the most activity this week. Look at photo above to see activity in other communities and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $470,000, last week $474,995.
Closed median price this week $467,000, last week $460,000.
Conventional financing was used to close on 152 homes this week at median price $469,500 with 16 days average market time, last week 137 homes at median price $477,000 with 23 days average market time.
Cash was used to close on 23 homes this week at median price $475,000 with 28 days average market time, last week 18 homes at median price $397,500 with 36 days average market time.
FHA financing was used to close on 10 homes this week at median price $318,450 with 14 days average market time, last week 15 homes at median price $368,700 with 21 days average market time.
VA financing was used to close on 8 homes this week at median price $497,500 with 9 days average market time, last week 5 homes at median price $480,000 with 14 days average market time.
2,000 SF or more closed on 125 homes this week at median price $525,000 with 21 days average market time, last week 120 homes at median price $530,000 with 26 days average market time. Minimum price this week $237,000, last week week $179,900.
78% of homes closed this week used Conventional financing. This trend is not changing. It has been consistent with the tight inventory.
Under contract this week
Homes that went under contract this week are down. 188 this week compared to 229 the previous week.
Aurora-30 Bolingbrook-10
Elgin-19 Naperville-27
Oswego-14 Plainfield-12
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 2 with 48 hours, and 4 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 72 hours, 2 with 48 hours, and 1 with 24 hours.
Median price of homes that went under contract this week $450,000 with 29 days average market time, last week $429,630 with 30 days average market time.
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 464 369 417
Totals 5237 4516 5293
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.
Check out some great resources by clicking on everything that is bold and underlined that will take you to the information.
- Type of loans and the process
- VA loans and the requirements
- Down Payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alerts
- Search for a home today
All data provided today is downloaded from our MLS, MRED, LLC.
Fox Valley home prices July 13th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101