Fox Valley home prices May 20th

Fox Valley home prices May 20th. The weather is almost perfect. In the 70 & 80’s with lows in the mid 40’s and 50’s.

New listings are down. 181 this week compared to 195 the previous week.

Closed listing are up. 148 this week compared to 129 the previous week.

Aurora-New 22 $139,000-$785,000

Closed-18 $112,000-$500,000

Bolingbrook-New 14 $235,000-$579,000

Closed-11 $250,000-$464,000

Naperville-New 36 $300,000-3,200,000

Closed-29 $397,200-$1,525,000

Plainfield-New 21 $279,900-$899,900

Closed-17 $320,000-$701,748

St Charles-New 14 $419,000-$2,980,000

Closed-11 $325,900-$1,125,000

Yorkville-New 10 $347,150-$570,000

Closed-6 $305,000-$439,900

Click on the photo above to see 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 $435,000, last week $412,500.

Closed median price this week $420,000, last week $389,000.

Stats 052023 — Stats for week ending May 20th

Conventional financing was used to close on 116 homes this week at median price $430,000 with 21 days average market time, last week 89 homes at median price $395,000 with 37 days average market time.

Conv 052023 — Conventional financing used to close for week ending May 20th

Cash was used to close on 17 homes this week at median price $586,305 with 11 days average market time, last week 20 homes at median price $363,750 with 21 days average market time.

Cash 052023 — Cash used to close for week ending May 20th

FHA financing was used to close on 14 homes this week at median price $345,500 with 37 days average market time, last week 15 homes at median price $322,000 with 38 days average market time.

FHA 052023 — FHA financing used to close for week ending May 20th

VA financing was used to close on 1 home this week at $375,000 with 7 days average market time, last week 4 homes at median price $407,000 with 67 days average market time.

VA 052023 — VA financing used to close for week ending May 20th

2,000 square feet or more closed on 94 homes this week at median price $485,000 with 25 days average market time, last week 74 homes at median price $475,750 with 31 days average market time. Minimum price this week $140,000, last week $289,000.

2000 SF or more 052023 — 2,000 SF or more closed for week ending May 20th

Slightly over 78% of homes closed this week using Conventional financing.

Under contract this week

Homes under contract this week are down. 193 this week compared to 232 the previous week.

Aurora-31 Bolingbrook-17

Geneva-11 Naperville-37

Plainfield-24 St Charles-12

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. 2 with a kick-out clause of 72 hours, 3 with 48 hours, and 3 with 24 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 48 hours.

Median price of homes that went under contract this week $400,000 with 32 days average market time, last week $437,000 with 26 days average market time.

Under contract stats 052023 — Under contract stats for week ending May 20th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 577 438 619

Totals 2955 2465 3359

Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois. At the end of each month we will also take a look back at 2022 and 2021 so you have something to compare this year to.

Resources

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

All data provided today is from our MLS, MRED, LLC.

Contact us

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

Fox Valley home prices May 20th. 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