Fox Valley home prices July 20th
Fox Valley home prices July 20th. This week coming up looks to be a typical summer week with temperatures in the lower to mid 80’s.
New listings this week are down. 240 this week compared to 299 the previous week.
Closed listings are slightly down. 181 this week compared to 194 the previous week.
Aurora-New 28 $145,900-$890,000
Closed-24 $200,000-$924,900
Batavia-New 12 $229,990-$825,000
Closed-4 $442,000-$625,000
Bolingbrook-New 18 $240,000-$596,000
Closed-10 $216,200-$823,615
Elgin-New 26 $225,000-$675,000
Closed-18 $235,000-$695,000
Naperville-New 47 $390,000-$1,650,000
Closed-27 $445,000-$2,630,500
Plainfield-New 29 $325,900-$799,000
Closed-18 $305,000-$730,422
St Charles-New 10 $399,900-$1,899,000
Closed-17 $260,000-$1,212,500
We highlighted the communities with the most activity this week. Take a look at other communities and their price ranges in photo above.
Financing used, median prices, and 2,000 SF or more
Median list price this week $479,000, last week $470,000.
Closed median price this week $475,000, last week $467,000.
Conventional financing was used to close on 135 homes this week at median price $486,000 with 21 days average market time, last week 152 homes at median price $469,500 with 16 days average market time.
Cash was used to close on 23 homes this week at median price $489,900 with 41 days average market time, last week 23 homes at median price $475,000 with 28 days average market time.
FHA financing was used to close on 14 homes this week at median price $360,800 with 27 days average market time, last week 10 homes at median price $318,450 with 14 days average market time.
VA financing was used to close on 7 homes this week at median price $456,500 with 19 days average market time, last week 8 homes at median price $497,500 with 9 days average market time.
2,000 SF or more closed on 116 homes this week at median price $582,000 with 28 days average market time, last week 125 homes at median price $525,000 with 21 days average market time. Minimum price this week $235,000, last week $237,000.
Cash continues to be used more than FHA financing this week. Conventional is still the number 1 way to close.
Under contract this week
Homes that went under contract this week are up. 231 this week compared to 188 the previous week.
Aurora-28 Bolingbrook-18
Elgin-22 Geneva-12
Montgomery-10 Naperville-29
Oswego-13 Plainfield-26
St Charles-13
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, 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, 3 with 48 hours, and 2 with 24 hours.
Median price of homes that went under contract this week $425,000 with 30 days average market time, last week $450,000 with 29 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 704 550 648
Totals 5477 4697 5524
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 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.
Check out some great resources. Click on everything that is bold and underlined to take you to the site for the information.
On my website you canrequest a home valuation, sign-up for email alerts, search for a home anytime.
All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices July 20th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101