Fox Valley home prices October 1st
Fox Valley home prices October 1st. We will show you the new listings, closed, contracts accepted, financing used, median prices for this week. 2022 by the month with a look back at 2021 and 2020 so you can see how this year is going.
New listings this week were down. 169 this week compared to 185 the previous week.
Closed listings this week were up. 247 this week compared to 172 the previous week.
Aurora-New 24 $99,900-$750,000
Closed-34 $164,000-$750,000
Batavia-New 10 $269,900-$599,900
Closed-6 $245,000-$540,000
Bolingbrook-New 13 $294,000-$799,000
Closed-15 $247,000-$630,000
Montgomery-New 7 $230,000-$409,900
Closed-10 $150,000-$395,000
Naperville-New 28 $329,900-$1,099,990
Closed-32 $300,000-$1,460,500
Oswego-New 3 $264,900-$525,500
Closed-10 $255,000-$560,000
Plainfield-New 27 $205,000-$899,000
Closed-36 $240,000-$637,190
St Charles-New 7 $110,000-$1,075,000
Closed-17 $35,000-$850,000
West Chicago-New 5 $275,000-$449,900
Closed-11 $195,000-$640,000
Yorkville-New 7 $325,000-$495,000
Closed-15 $210,000-$567,500
We are just highlighting the communities with the most activity this week. Click on the photo above to see other communities with activity and the price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $395,000, last week $399,000.
Closed median price this week $392,900, last week $385,450.
Conventional financing was used to close on 165 homes this week at median price $405,000 with 28 days average market time, last week 121 homes at median price $400,000 with 27 days average market time.
Cash was used to close 38 homes this week at median price $405,000 with 37 days average market time, last week 23 homes at median price $440,000 with 32 days average market time.
FHA financing was used to close on 30 homes at median price 266,500 with 27 days average market time, last week 22 homes at median price $315,000 with 24 days average market time.
VA financing was used to close on 12 homes this week with a median price $385,000 with 32 days average market time, last week 5 homes at median price $290,000 with 15 days average market time.
People looking for homes that were at least 2,000 square feet or more closed on 154 homes this week at median price $465,000 with 30 days average market time, last week 86 homes at median price $490,000 with 33 days average market time. Minimum price this week $220,000, last week $234,000.
Conventional financing is still the most accepted financing seller’s are accepting.
Contracts accepted this week
Contracts accepted this week are down. 168 this week compared to 190 the previous week.
Aurora-33 Montgomery-13
Naperville-24 Plainfield-22
St Charles-16
Click on the photo to see other communities seller’s accepted contracts this week. We are just highlighting the ones with the most activity.
1 short sale was accepted by a seller this week. It was in Plainfield. Now it will be submitted to the lender to see if they will also accept.
Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 5 with 48 hours, and 2 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours, and 2 with 24 hours. There was 1 that did not have anything marked for how many hours.
Median price of homes that went under contract this week $359,900 with 39 days average market time, last week $367,450 with 50 days average market time.
2022 by the month and a look back at 2021 and 2020
2022
Month New Closed Contracts accepted
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 1019 1134 1062
September 730 733 698
Totals 7947 7983 8279
2021
January 546 649 829
February 561 604 778
March 993 1099 1455
April 1006 926 1387
May 1088 1288 1289
June 1450 1686 1671
July 1118 1182 1210
August 1109 1203 1170
September 1083 1411 1251
Totals 8954 10048 11040
2020
January 1105 566 858
February 1267 529 1024
March 1186 707 1079
April 648 786 775
May 1352 1010 1444
June 1232 908 1534
July 1417 1453 1852
August 1037 1335 1436
September 1167 1503 1503
Totals 10411 8797 11505
You can see the declining new listings every year. 2021 was the best year for closings. You can see why prices increased. Inventory kept declining.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Resources
Everything that is bold and underlined click on to go to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for homes
Interest rates depend on your credit score so check with your loan officer to see what interest rate you will be offered.
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If there is any information that you are looking for that is not listed here let us know so we can point you in the right direction.
All data provided today is from our MLS, MRED, LLC. It is constantly changing throughout the day as agents upload their information.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices October 1st. Have an awesome week!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101
