Fox Valley home prices October 26th
Fox Valley home prices October 26th. It is a gorgeous fall day today. Sunny and 60 for a high. This next week it will range from 50-81.
New listings this week are down. 175 this week compared to 214 the previous week.
Closed listings are up. 183 this week compared to 150 the previous week.
Here are the communities with the most activity this week.
Aurora-New 15 $194,900-$738,000
Closed-21 $212,500-$825,000
Bolingbrook-New 9 $255,000-$795,000
Closed-10 $250,000-$522,500
Elgin-New 15 $134,900-$760,000
Closed-21 $151,000-$707,755
Geneva-New 3 $339,000-$699,900
Closed-10 $330,000-$750,000
Naperville-New 22 $449,900-$1,495,000
Closed-30 $334,000-$1,251,000
Plainfield-New 22 $300,000-$859,000
Closed-23 $277,500-$770,214
St Charles-New 13 $215,000-$875,000
Closed-16 $200,000- $1,150,000
Yorkville-New 10 $335,000-$649,000
Closed-8 $399,900-$605,000
Other communities had activity this week. Look at the photo above for their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $444,995, last week $439,250.
Closed median price this week $435,000, last week $420,250.
Conventional financing was used to close on 135 homes this week at median price $456,990 with 30 days average market time, last week 109 homes at median price $447,700 with 44 days average market time.
Cash was used to close on 27 homes this week at median price $369,900 with 20 days average market time, last week 18 homes at median price $415,000 with 23 days average market time.
FHA financing was used to close on 14 homes this week at median price $362,500 with 53 days average market time, last week 17 homes at median price $360,000 with 24 days average market time.
VA financing was used to close on 6 homes this week at median price $410,000 with 23 days average market time, last week 4 homes at median price $452,250 with 29 days average market time.
2,000 SF or more closed on 107 homes this week at median price $530,000 with 36 days average market time, last week 80 homes at median price $515,000 with 53 days average market time. Minimum price this week $193,000, last week $300,000.
There were more cash deals closed this week than FHA. Conventional continues to be the way to go if you are using financing to close.
Under contract this week
Homes that went under contract this week are consistent. 181 this week compared to 174 the previous week.
Communities that seller’s accepted the most contracts this week.
Aurora-21 Bolingbrook-20
Elgin-11 Naperville-24
Oswego-11 Plainfield-25
St Charles-12
1 short sale was accepted by a seller this week. It was in Batavia. Now it 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. 5 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. 1 with a kick-out clause of 72 hours, and 3 with 48 hours.
Under contract median price this week $424,900 sigh 40 days average market time, last week $442,450 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 839 710 723
Totals 8517 7499 8195
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.
Next week there is 4 days left of October so we will do the end of the month look back then.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Here are some links to information that you might want to take a look at. 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. It changes throughout the day.
Fox Valley home prices October 26th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101