Fox Valley home prices March 16th
Fox Valley home prices March 16th. It is going to get to almost 60 today and then roller coaster with the temperatures for the next couple of weeks. It will range from the mid 30’s to the mid 50’s. We really didn’t have much of a winter. We will see how the spring weather turns out. So far so good.
New listings are down slightly. 181 this week compared to 197 the previous week.
Closed listings are slightly up. 137 this week compared to 129 the previous week.
Aurora-New 16 $163,000-$759,000
Closed-15 $206,500-$550,000
Bolingbrook-New 10 $300,000-$645,000
Closed-13 $258,000-$980,850
Elgin-New 12 $165,000-$589,990
Closed-15 $135,000-$591,840
Naperville-New 30 $329,900-$2,990,000
Closed-19 $375,000-$2,315,000
Oswego-New 11 $409,900-$1,295,000
Closed-9 $355,000-$546,332
Plainfield-New 26 $320,000-$699,000
Closed-17 $305,000-$865,000
St Charles-New 13 $349,000-$2,650,000
Closed-9 $300,000-$930,000
Other communities had activity this week. Check the photo above to see the price ranges in those communities. You just might find the price range you are looking for.
Financing used, median prices, and 2,000 SF or more
Median list price this week $455,365, last week $432,400.
Closed median price this week $425,000, last week $406,000.
Conventional financing was used to close on 101 homes this week at median price $434,990 with 37 days average market time, last week 88 homes at median price $408,000 with 34 days average market time.
Cash was used to close on 22 homes this week at median price $360,000 with 18 days average market time, last week 17 homes at median price $490,000 with 54 days average market time.
FHA financing was used to close on 8 homes this week at median price $305,000 with 22 days average market time, last week 15 homes at median price $335,000 with 29 days average market time.
VA financing was used to close on 6 homes this week at median price $511,500 with 20 days average market time, last week 4 homes at median price $387,450 with 47 days average market time.
2,000 SF or more closed on 79 homes this week at median price $540,000 with 40 days average market time, last week 72 homes at median price $532,450 with 50 days average market time. Minimum price this week $247,000, last week $285,000.
Conventional financing continues to be the choice close with. You might be able to afford more using FHA but seller’s are accepting the conventional loan offers.
Under contract this week
Homes that went under contract this week are consistent. 186 this week compared to 178 the previous week.
Aurora-20 Batavia-10
Bolingbrook-17 Elgin-32
Naperville-19 Oswego-12
Plainfield-14
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. 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. 2 with a kick-out clause of 72 hours, 1 with 48 hours, and 1 with 24 hours.
Median price of homes that went under contract this week $422,500 with 31 days average market time, last week $425,000 with 43 days average market time.
2024 by the month
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 378 266 364
Totals 1591 1205 1654
We are picking us as we go. It just is not fast enough with the new listings.
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.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Click on anything that is underlined and bold to take you to the information.
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All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices March 16th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101