Fox Valley home prices October 19th
Fox Valley home prices October 19th. It is going to be a gorgeous weekend with temperatures in the mid 70’s to lower 80’s. The week ahead should be in the mid 60’s to lower 70’s.
New listings are consistent. 214 this week compared to 219 the previous week.
Closed listings are slightly down. 150 this week compared to 168 the previous week.
Here are the communities with the most activity this week and their price ranges.
Aurora-New 23 $149,900-$849,000
Closed-18 $160,000-$550,000
Bolingbrook-New 14 $264,900-$715,000
Closed-10 $255,000-$540,000
Elgin-New 24 $175,000-$674,900
Closed-19 $205,000-$1,395,000
Naperville-New 33 $340,000-$1,795,000
Closed-22 $365,000-$2,360,000
North Aurora-New 12 $299,999-$730,000
Closed-2 $428,000-$603,476
Plainfield-New 20 $194,900-$747,000
Closed-13 $339,900-$616,226
St Charles-New 15 $299,900-$899,900
Closed-11 $250,000-$990,000
Look at the photo above for other communities that also had activity this week and their price ranges.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $439,250, last week $460,000.
Closed median price $420,250, last week $431,500.
Conventional financing was used to close on 109 homes this week at median price $447,700 with 44 days average market time, last week 125 homes at median price $450,000 with 30 days average market time.
Cash was used to close on 18 homes this week at median price $415,000 with 23 days average market time, last week 22 homes at median price $407,500 with 29 days average market time.
FHA financing was used to close on 17 homes this week at median price $360,000 with 24 days average market time, last week 13 homes at median price $329,999 with 30 days average market time.
VA financing was used to close on 4 homes this week at median price $452,250 with 29 days average market time, last week 6 homes at median price $312,500 with 22 days average market time.
2,000 SF or more closed on 80 homes this week at median price $515,000 with 53 days average market time, last week 101 homes at median price $525,000 with 35 days average market time. Minimum price this week $300,000, last week $230,000.
We continue on the trend that most homes are closed using conventional financing in our area.
Under contract this week
Homes that went under contract were down. 174 this week compared to 191 the previous week.
Communities that seller’s accepted the most contracts this week.
Aurora-18 Elgin-18
Naperville-21 Oswego-15
Plainfield-28 St Charles-13
Click on the photo to see other communities that seller’s accepted contracts this week.
2 short sales were accepted by seller’s this week. 1 was in Plainfield and 1 was in Sugar Grove. 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. 2 with a kick-out clause of 72 hours, 2 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. 2 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.
Under contract media price this week $442,450 with 47 days average market time, last week $420,321 with 43 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 664 527 542
Totals 8342 7316 8014
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.
Take a look at some resources that might interest you. Click on everything that is bold and underlined to take you to the information.
You might also want torequest a home valuation, sign-up for email alerts, and search for a home anytime.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices October 19th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101