Fox Valley home prices November 9th
Fox Valley home prices November 9th. It looks like we will be in the 50’s this next week. Not bad for November.
New listings this week are up. 191 this week compared to 151 the previous week.
Closed listings are down. 143 this week compared to 226 the previous week.
Here are the communities that had the most activity this week.
Aurora-New 26 $240,000-$675,000
Closed-12 $172,000-$515,000
Elgin-New 19 $229,900-$612,490
Closed-14 $285,000-$610,000
Naperville-New 23 $400,000-$4,100,000
Closed-17 $336,000-$1,875,000
Plainfield-New 33 $240,000-$919,000
Closed-17 $680 (?)-$695,000
South Elgin-New 2 $510,000-$575,000
Closed-10 $250,000-$654,720
St Charles-New 14 $275,000-$1,035,000
Closed-9 $350,000-$1,620,000
Yorkville-New 12 $339,900-$625,000
Closed-5 $398,000-$725,000
Other communities also 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 $448,350, last week $450,000
Closed median price this week $445,000, last week $463,120.
Conventional financing was used to close on 112 homes this week at median price $475,000 with 39 days average market time, last week 175 homes at median price $480,000 with 35 average market time.
Cash was used to close on 23 homes this week at median price $376,000 with 26 days average market time, last week 30 homes at median price $590,000 with 28 days average market time.
FHA financing was used to close on 6 homes this week at median price $330,000 with 48 days average market time, last week 16 homes at median price $300,500 with 25 days average market time.
VA financing was used to close on 1 home this week at $490,000 with 4 days average market time, last week 5 homes at median price $473,990 with 37 days average market time.
2,000 SF or more closed on 92 homes this week at median price $528,000 with 48 days average market time, last week 143 homes at median price $570,000 with 38 days average market time. Minimum price this week $680 (?), last week $263,000.
78% or the homes closed this week used conventional financing. Too bad someone uploaded the price wrong in Plainfield this week and threw the stats out of whack.
Under contract this week
Homes that went under contract this week are up slightly. 163 this week compared to 155 the previous week.
Aurora-21 Elgin-14
Naperville-20 Plainfield-18
St Charles-12 Sycamore-10
There were 2 short sales accepted by seller’s this week. 1 in Bolingbrook and 1 in Minooka. Now they will be submitted to the lender to see if they will also accept.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 3 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.
Median price of homes that went under contract this week $435,000 with 58 days average market time, last week $419,000 with 47 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 191 143 163
Totals 8859 7868 8513
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.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Check out some great resources that might be of help to you. 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.
Fox Valley home prices November 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