Fox Valley home prices October 5th
Fox Valley home prices October 5th. Low 70’s this next week for highs with 40’s for low temperatures.
New listings this week are up. 231 this week compared to 188 the previous week.
Closed listings are consistent. 209 this week compared to 211 the previous week.
Aurora-New 27 $150,000-$1,00,000
Closed-26 $165,005-$924,066
Bolingbrook-New 14 $295,000-$786,398
Closed-14 $225,009-$809,819
Elgin-New 30 $245,000-$649,000
Closed-26 $155,000-$705,070
Geneva-New 8 $355,000-$825,000
Closed-10 $275,000-$2,800,000
Naperville-New 37 $389,900-$2,025,000
Closed-26 $388,000-$2,318,615
Oswego-New 12 $264,990-$1,680,000
Closed-9 $370,000-$650,000
Plainfield-New 36 $289,873-1,499,999
Closed-24 $320,000-$746,438
St Charles-New 15 $350,000-$1,995,108
Closed-9 $420,000-$825,000
Yorkville-New 8 $324,900-$550,000
Closed-11 $215,000-$1,132,500
Check out the photo above for other communities that had activity this week. We just highlighted the ones with the most activity.
Financing used, median price, and 2,000 SF or more
Median list price this week $450,000, last week $444,900.
Closed median price this week $430,000, Last week $442,990.
Conventional financing was used to close on 155 homes this week at median price $449,000 with 28 days average market time, last week 154 homes at median price $463,500 with 20 days average market time.
Cash was used to close on 33 homes this week at median price $390,000 with 54 days average market time, last week 26 homes at median price $418,750 with 25 days average market time.
FHA financing was used to close on 14 homes this week at median price $325,000 with 24 days average market time, last week 17 homes at median price $364,990 with 46 days average market time.
VA financing was used to close on 6 homes this week at median price $497,500 with 14 days average market time, last week 13 homes at median price $460,000 with 30 days average market time.
2,000 SF or more closed on 128 homes this week at median price $520,000 with 39 days average market time, last week 118 homes at median price $541,250 with 22 days average market time. Minimum price this week $253,000, last week $339,000.
Conventional financing continues to be the choice for financing. Cash was used to close more than FHA financing again this week.
Under contract this week
Homes that went under contract this week are down. 177 this week compared to 201 the previous week.
Aurora-17 Bolingbrook-14
Elgin-12 Naperville-22
Oswego-11 Plainfield-20
St Charles-16
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. 4 with a kick-out clause of 72 hours and 6 with 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, 48 and 24 hours.
Median price of homes that went under contract this week $440,000 with 44 days average market time, last week $419,900 with 39 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 231 209 177
Totals 7909 6998 7649
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 your have something to compare to.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Check out some great resources. 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, andsearch 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 5th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101