Fox Valley home prices November 23rd
Fox Valley home prices November 23rd. We saw our first snowfall the other day. It melted right away though. This next week will be mostly in the 30’s.
New listings this week are down. 147 this week compared to 166 the previous week.
Closed listings are up. 198 this week compared to 169 the previous week.
Here are the communities with the most activity this week.
Aurora-New 21 $180,000-$670,000
Closed-25 $200,000-$915,000
Batavia-New 11 $224,900-$789,900
Closed-8 $264,000-$600,000
Bolingbrook-New 10 $199,900-$808,971
Closed-9 $319,900-$1,125,000
Elgin-New 20 $186,777-$718,990
Closed-23 $182,500-$600,000
Naperville-New 18 $425,000-$3,200,000
Closed-23 $375,000-$1,350,000
Oswego-New 9 $359,000-$587,997
Closed-13 $279,000-$609,767
Plainfield-New 18 $225,000-$639,900
Closed-25 $320,000-$1,330,000
St Charles-New 5 $350,000-$1,199,000
Closed-15 $58,500-$1,310,000
Other communities had activity this week. You can see them and their price ranges in the photo above.
Financing used, median prices, and 2,000 SF or more
Median list price this week $435,000, last week $449,000.
Closed median price this week $418,750, last week $417,500.
Conventional financing was used to close on 143 homes this week at median price $430,000 with 36 days average market time, last week 123 homes at median price $437,200 with 42 days average market time.
Cash was used to close on 24 homes at median price $340,000 with 50 days average market time, last week 24 homes at median price $401,000 with 32 days average market time.
FHA financing was used to close on 20 homes at median price $372,900 with 31 days average market time, last week 15 homes at median price $375,000 with 22 days average market time.
VA financing was used to close on 11 homes at median price $435,000 with 61 days average market time, last week 7 homes at median price $490,000 with 37 days average market time.
2,000 SF or more closed on 113 homes this week at median price $520,000 with 48 days average market time, last week 100 homes at median price $512,111 with 45 days average market time. Minimum price this week $225,000, last week $275,000.
Only 10% percent of homes closed this week using FHA financing. If you don’t have cash, conventional is the way to go.
Under contract this week
Homes that went under contract this week are down. 149 this week compared to 168 the previous week.
Aurora-15 Bolingbrook-14
Naperville-15 Oswego-10
Plainfield-18 St Charles-15
1 short sale was accepted by a seller this week. It was in Bolingbrook.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 6 with 48 hours, and 1 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.
Under contract median price this week $415,000 with 53 days average market time, last week $399,000 with 48 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 1009 906 918
July 1173 1050 1094
August 883 858 725
September 849 734 777
October 990 936 878
November 504 510 480
Totals 9172 8235 8830
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 have something to compare to.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Here are some resources for you to check out. Click on everything that is bold and underlined to take you to the information.
You can also request a home valuation, sign-up for email alerts, and search for a home anytime.
All data provided today was downloaded from our MLS, MRED, LLC. The data changes throughout the day.
Fox Valley home prices November 23rd. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101