Fox Valley home prices September 23rd
Fox Valley home prices September 23rd. Happy 1st day of Fall!. Today it will be 80 but after that the temps decline. Next week we will have 60’s for highs.
New listings this week are way down. 162 this week compared to 205 the previous week.
Closed listings are consistent. 144 this week compared to 137 the previous week.
Aurora-New 26 $199,900-$620,000
Closed-32 $142,550-$835,000
Bolingbrook-New 8 $339,900-$625,000
Closed-17 $255,000-$571,800
Naperville-New 18 $300,000-$1,185,000
Closed-22 $250,000-$1,425,000
Oswego-New 15 $279,900-$632,000
Closed-3 $275,000-$515,000
Plainfield-New 22 $319,000-$850,000
Closed-14 $315,000-$627,495
St Charles-New 11 $285,000-$989,900
Closed-15 $310,000-$1,400,000
Other communities had activity this week. Look at the photo above to see the price ranges in those communities.
Financing used, median prices, and homes 2,000 SF or more
Median list price this week $419,995, last week $434,900.
Closed median price this week $427,000, last week $410,000.
Conventional financing was used to close on 103 homes this week at median price $460,000 with 20 days average market time, last week also 103 homes at median price $425,000 with 28 days average market time.
Cash was used to close on 22 homes this week at median price $452,500 with 40 days average market time, last week 18 homes at median price $473,579 with 37 days average market time.
FHA financing was used to close on 15 homes this week at median price $345,000 with 42 days average market time, last week 11 homes at median price $360,000 with 28 days average market time.
VA financing was used to close on 4 homes this week at median price $295,000 with 34 days average market time, last week 5 homes at median price $309,000 with 70 days average market time.
2,000 SF or more closed on 88 homes at median price $510,500 with 25 days average market time, last week 80 homes at median price $496,990 with 36 days average market time. Minimum price this week $235,000, last week $309,000.
As you can see Conventional financing is the way to go if you do not have cash.
Homes under contract this week
Homes that went under contract this week are down slightly. 143 this week compared to 152 the previous week.
Aurora-22 Bolingbrook-12
Naperville-18 Plainfield-20
St Charles-10 Yorkville-10
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. 1 with a kick-out clause of 72 hours, 4 with 48 hours, and 1 with 24 hours.
Median price this week of homes that went under contract $399,900 with 31 days average market time, last week $412,500 with 32 days average market time.
2023 by the month
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 525 416 453
Totals 6302 5838 6655
Next week is the last week of the month so we will also post 2022 and 2021 so you have something to compare this year too.
Resources
We hope you will find some useful information by clicking on each Bold and underlined point that will 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 a home valuation
- Sign-up for email alerts
- Search for a home anytime
If there is any other information that you are looking for let us know and we will point you in the right direction.
All data provided today is 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 September 23rd. Have an awesome week!!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555