Fox Valley home prices March 11th

Fox Valley home prices March 11th. We are still on a rollercoaster with the temps. We have gone from Monday in the 60’s to snow.

New listings this week are up. 145 this week compared to 127 the previous week.

Closed listings are down. 118 this week compared to 144 the previous week.

Aurora-New 6 $195,000-$345,000

Closed-13 $148,000-$330,000

Bolingbrook-New 8 $299,900-$849,000

Closed-12 $220,000-$492,500

Naperville-New 28 $289,900-$2,390,000

Closed-21 $320,000-$1,225,000

Plainfield-New 29 $275,000-$766,255

Closed-17 $220,000-$609,873

Yorkville-New 10 $350,000-$695,000

Closed-7 $240,000-$519,900

Other communities had activity this week. Click on the photo above to see the price ranges in those communities.

Financing used, median prices, and 2,000 SF or more

Median list price this week $412,000, last week $400,000

Closed median price this week $347,500, last week $374,495.

Stats 031123 — Stats for week ending March 11th

Conventional financing was used to close on 91 homes at median price $380,000 with 59 days average market time, last week 99 homes at median price $401,000 with 50 days average market time.

Conv 031123 — Conventional financing used to close for week ending March 11th

Cash was used to close on 14 homes this week at a median price $377,500 with 49 days average market time, last week 16 homes at median price $355,000 with 36 days average market time.

Cash 031123 — Cash used to close for week ending March 11th

FHA financing was used to close on 11 homes this week at median price $226,500 with 52 days average market time, last week 21 homes at median price $300,000 with 77 days average market time.

FHA 031123 — FHA financing used to close for week ending March 11th

VA financing was used to close on 3 homes this week at median price $447,500 with 17 days average market time, last week 6 homes at median price $346,500 with 62 days average market time.

VA 031123 — VA financing used to close for week ending March 11th

2,000 square feet or more closed on 67 homes this week at median price $447,500 with 65 days average market time, last week 86 homes at median price $432,950 with 55 days average market time. Minimum price this week $220,000, last week $168,000.

2000 SF or more 031123 — 2,000 SF or more for week ending March 11th

77% of the homes closed used conventional financing. Almost 57% of the homes closed were at least 2,000 sf.

Under contract this week

Homes that went under contract this week are up. 172 this week compared to 147 the previous week.

Aurora-22 Bolingbrook-13

Naperville-34 Oswego-11

Plainfield-24 Yorkville-10

1 short sale was accepted by a seller this week. It was in Yorkville. Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 5 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 24 hours.

Median price of homes that went under contract this week $407,500 with 49 days average market time, last week $399,000 with 55 days average market time.

Under contract stats 031123 — Stats for homes that went under contract for week ending March 11th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 145 118 172

Totals 1258 970 1431

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 look back at 2022 and 2021 so you have something to compare to see how this year is going.

Resources

Click on each underlined bullet point to take you to the site for the information.

When you sign-up for email alerts you can receive an email as soon as a home hits the market so you don’t miss out on a thing. If you let us know what you are looking for we can also let you know about homes that are “coming soon” to the market.

All data provided today is from our MLS. MRED, LLC. It changes throughout the day.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices March 11th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101