Fox Valley home prices June 8th
Fox Valley home prices June 8th. This is the first full week of June. Temperatures will range from the mid 70’s to upper 80’s this week.
New listings this week are consistent. 226 this week compared to 219 the previous week.
Closed listings are also consistent. 221 this week compared to 218 the previous week.
Aurora-New 35 $125,000-$729,900
Closed-21 $175,000-$1,025,000
Bolingbrook-New 14 $285,000-$675,000
Closed-14 $240,000-$1,280,000
Elgin-New 16 $249,000-$799,900
Closed-24 $238,000-$688,110
Geneva-New 10 $309,900-$2,975,000
Closed-8 $289,000-$725,000
Naperville-New 34 $459,900-$1,995,000
Closed-35 $360,000-$1,587,500
Oswego-New 10 $400,000-$717,900
Closed-6 $264,000-$530,000
Plainfield-New 24 $250,000-$695,900
Closed-25 $260,000-$624,757
St Charles-New 19 $300,000-$2,100,000
Closed-23 $246,000-$1,488,000
We highlighted the communities with the most activity this week. Look at photo above for communities that also had activity
Financing used, median prices, and 2,000 SF or more
Median list price this week $467,912, last week $479,900.
Closed median price this week $460,000, last week $447,500.
Conventional financing was used to close on 173 homes this week at median price $470,990 with 28 days average market time, last week 168 homes at median price $470,000 with 26 days average market time.
Cash was used to close on 25 homes at median price $535,000 with 58 days average market time, last week 27 homes at median price $500,000 with 29 days average market time.
FHA financing was used to close on 17 homes at median price $362,000 with 41 days average market time, last week 15 homes at median price $365,000 with 42 days average market time.
VA financing was used to close on 6 homes this week at median price $360,000 with 36 days average market time, last week 7 homes at median price $384,500 with 19 days average market time.
2,000 SF or more closed on 136 homes this week at median price $544,000 with 35 days average market time, last week 141 homes at median price $545,000 with 29 days average market time. Minimum price this week $259,100, last week $235,000.
Not many closed this week used FHA.
Under contract this week
Homes that went under contract this week are slightly up. 227 this week compared to 194 the previous week.
Aurora-21 Bolingbrook-11
Elgin-29 Naperville-41
Plainfield-22 St Charles-19
1 short sale was accepted by a seller this week. It was in Waterman. 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 each with a kick-out clause of 72, 48 and 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 and 5 with 48 hours.
One we don’t know the timing of the kick-out clause or if it is contingent on the closing or sale and closing.
Median price of homes under contract this week $449,900 with 31 days average market time, last week $469,585 with 32 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 226 221 227
Totals 3990 3462 4185
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.
Contact us
Call 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 and it will take you to the information.
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for a home anytime
Let us know if there is any other information you are looking for.
All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices June 8th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101