Fox Valley home prices September 21st
Fox Valley home prices September 21st. I am looking forward to the 70’s this next week with a couple of days of rain.
I am late writing this post. All information was downloaded Saturday morning.
New listings this week are consistent. 223 this week compared to 229 the previous week.
Closed listing this week are slightly down. 152 this week compared to 163 the previous week.
Aurora-New 24 $199,900-$950,000
Closed-24 $205,000-$1,025,000
Bolingbrook-New 15 $289,900-$806,971
Closed-16 $265,000-$575,000
Elgin-New 19 $229,900-$712,000
Closed-5 $307,000-$535,000
Geneva-New 12 $349,900-$815,000
Closed-4 $225,000-$503,000
Naperville-New 29 $385,000-$3,400,000
Closed-20 $437,750-$2,060,000
Oswego-New 13 $229,900-$675,000
Closed-9 $309,240-$740,000
Plainfield-New 25 $290,000-$762,485
Closed-14 $262,500-$1,075,000
St Charles-New 16 $89,000-$1,500,000
Closed-10 $216,000-$1,700,000
Yorkville-New 13 $360,000-$930,000
Closed-5 $369,000-$860,000
Other communities had activity this week. We are just highlighting the ones with the most activity. Look at photo above for other communities and their price ranges.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $457,960, last week $445,000
Closed median price this week $450,000, last week $429,135.
Conventional financing was used to close on 104 homes this week at median price $455,000 with 23 days average market time, last week 118 homes at median price $434,500 with 23 days average market time.
Cash was used to close on 30 homes this week at median price $485,000 with 35 days average market time, last week 21 homes at median price $475,000 with 41 days average market time.
FHA financing was used to close on 6 homes this week at median price $338,500 with 61 days average market time, last week 16 homes at median price $327,500 with 19 days average market time.
VA financing was used to close on 10 homes at median price $425,000 with 24 days average market time, last week 7 homes at median price $372,500 with 27 days average market time.
2,000 SF or more closed on 100 homes this week at median price $510,000 with 30 days average market time, last week 86 homes at median price $525,000 with 21 days average market time. Minimum price this week $229,000, last week $275,000.
It is crazy that there is more VA loans used to close this week than FHA. Conventional loans continue to be the most used way to finance a home.
Under contract this week
Homes under contract this week are slightly up. 211 this week compared to 195 the previous week.
Even though today’s date is on there all this information is from yesterday. I am late in posting.
Aurora-25 Bolingbrook-11
Elgin-21 Naperville-42
Plainfield-21 St Charles-14
1 short sale was accepted by a seller this week. It was in St Charles. 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. 7 with a kick-out clause of 72 hours, 7 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, 6 with 48 hours, and 2 with 24 hours. 1 we don’t know the hours.
Under contract median price this week $450,000 with 39 days average market time, last week $419,900 with 44 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 661 523 576
Totals 7490 6578 7271
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.
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, and search for a home anytime.
All data provided today was downloaded yesterday Saturday from our MLS, MRED, LLC.
Fox Valley home prices September 21st. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101