Fox Valley home prices March 9th
Fox Valley home prices March 9th. We will be having temperatures from the mid 40’s to mid 60’s up and down for the next couple of weeks.
New listings are slightly up. 197 this week compared to 181 the previous week.
Closed listings are down. 129 this week compared to 154 the previous week.
Aurora-New 28 $164,900-$716,975
Closed-17 $157,000-$455,000
Bolingbrook-New 15 $199,900-$579,900
Closed-6 $262,000-$860,000
Elgin-New 21 $147,000-$925,000
Closed-20 $256,000-$684,900
Naperville-New 33 $435,000-$1,331,500
Closed-8 $375,000-$1,300,000
Plainfield-New 20 $339,900-$879,900
Closed-17 $321,000-$795,000
Yorkville-New 13 $329,900-$950,000
Closed-5 $312,000-$490,000
Take a look at the photo above for other communities that had activity this week and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $432,400, last week $440,000.
Closed median price this week $406,000, last week $430,500.
Conventional financing was used to close on 88 homes this week at median price $408,000 with 34 days average market time, last week 112 homes at median price $428,100 with 51 days average market time.
Cash was used to close on 17 homes this week at median price $490,000 with 54 days average market time, last week 27 homes at median price $515,000 with 38 days average market time.
FHA financing was used to close on 15 homes this week at median price $335,000 with 29 days average market time, last week 11 homes at median price $375,000 with 93 days average market time.
VA financing was used to close on 4 homes this week at median price $387,450 with 47 days average market time, last week 3 homes at median price $390,000 with 32 days average market time.
2,000 SF or more closed on 72 homes at median price $532,450 with 50 days average market time, last week 99 homes at median price $521,900 with 60 days average market time. Minimum price this week $285,000, last week $339,900.
Conventional continues to be the most used way to close. There is still more cash deals closed than FHA.
Under contract this week
Homes that went under contract this week are consistent. 178 this week compared to 173 the previous week.
Aurora-22 Bolingbrook-10
Elgin-19 Naperville-33
Plainfield-23 St Charles-14
1 Short sale was accepted by a seller this week. It was in Elgin. Now it will be submitted to the lender to see if they will also accept it.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 48 hours and 1 with 24 hours.
Also, a seller accepted a contract that is contingent on the buyer selling and closing on the current home. 1 with a kick-out clause of 48 hours.
Median price of homes that went under contract this week $425,000 with 43 days average market time, last week $413,000 with 51 days average market time.
2024 by the month
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 197 129 178
Totals 1410 1068 1468
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 can compare.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Click on each bold and underlined item to take you to the site for the information.
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If you are looking for any other information just let us know.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices March 9th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101