Fox Valley home prices October 28th
Fox Valley home prices October 28th. Today is a gorgeous 50 degree sunny day. There will not be too many of them after today. Mid 40’s and possible snow on Halloween.
New listings are down this week. 155 this week compared to 165 the previous week.
Closed listings are consistent. 149 this week compared to 152 the previous week.
Aurora-New 14 $155,000-$750,000
Closed-27 $189,900-$950,000
Bolingbrook-New 12 $269,990-$763,649
Closed-10 $160,000-$889,057
Naperville-New 26 $314,995-$2,895,000
Closed-23 $300,000-$1,799,000
Oswego-New 4 $224,900-$529,262
Closed-10 $300,000-$614,025
Plainfield-New 22 $314,900-$950,000
Closed-18 $190,000-$716,935
St Charles-New 11 $219,900-$1,850,000
Closed-6 $343,000-$690,000
Yorkville-New 12 $289,900-$829,000
Closed-7 $180,00-$470,000
Out of 28 communities that saw some kind of activity, these 7 had the most activity. Look at the photo above to see the other communities price ranges.
Financing used, median price, and 2000 SF or more
Median list price this week $422,500, last week $420,000.
Closed median price this week $425,000, last week also $425,000.
Conventional financing was used to close on 110 homes this week at median price $422,500 with 32 days average market time, last week 112 homes at median price $457,500 with 28 days average market time.
Cash was used to close on 21 homes this week at median price $475,000 with 36 days average market time, last week 18 homes at median price $436,000 with 31 days average market time.
FHA financing was used to close on 12 homes at median price $342,000 with 32 days average market time, last week 17 homes at median price $315,000 with 36 days average market time.
VA financing was used to close on 4 homes at median price $460,000 with 32 days average market time, last week 5 homes at median price $408,000 with 20 days average market time.
2,000 SF or more closed on 89 homes at median price $495,000 with 38 days average market time, last week 102 homes at median price $493,500 with 31 days average market time. Minimum price this week $189,900, last week $269,000.
Conventional financing continues to be the type of financing seller’s are accepting if not cash.
Under contract this week
Homes that went under contract this week are slightly up. 132 this week compared to 125 the previous week.
Aurora-25 Bolingbrook-11
Naperville-13 Plainfield-21
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 hours, 48 hours and 1 that was not marked with a time.
Median price of homes that went under contract this week $355,000 with 39 days average market time, last week median price $400,000 with 44 days average market time.
2023 by the month and a look back at 2022 and 2021
2023
Month New Closed Under contract
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 926
July 765 745 805
August 869 988 915
September 684 621 623
October 639 568 549
Totals 7100 6611 7374
2022
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
October 699 612 646
Totals 8646 8595 8925
2021
January 543 649 829
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
October 715 973 930
Totals 9666 11021 11970
You can see the numbers going down from 2021 to 2023.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Resources
Click on everything that is bold and underlined to take you to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for a home anytime
So many people refinanced when the interest rates were low. Now you have a good selling point if it is assumable. The buyers would have to get approved but it is better than the current interest rates.
All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices October 28th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101