Fox Valley home prices September 30th
Fox Valley home prices September 30th. This might be our last week in the 80’s for this year. We head to the mid 50’s next week for a high.
New listings are consistent. 159 this week compared to 162 the previous week.
Closed listings are up. 205 this week compared to 144 the previous week.
Aurora-New 26 $175,000-$535,000
Closed-35 $126,500-$710,000
Bolingbrook-New 4 $272,900-$1,174,900
Closed-16 $190,000-$780,000
Naperville-New 24 $399,999-$1,635,000
Closed-29 $339,900-$1,150,000
Oswego-New 6 $375,000-$569,900
Closed-10 $300,000-$700,000
Plainfield-New 31 $289,900-$789,900
Closed-29 $185,000-$790,000
St Charles-New 10 $270,000-$2,650,000
Closed-15 $205,000-$840,500
Yorkville-New 2 $234,500-$350,000
Closed-10 $205,000-$512,500
Other communities had activity this week. Check with the photo above to see those communities and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $414,520, last week $419,995.
Closed median price this week $405,000, last week $427,000.
Conventional financing was used to close on 150 homes this week at median price $410,000 with 32 days average market time, last week 103 homes at median price $460,000 with 20 days average market time.
Cash was used to close on 28 homes this week at median price $414,950 with 30 days average market time, last week 22 homes at median price $452,500 with 40 days average market time.
FHA financing was used to close on 16 homes this week at median price $322,495 with 33 days average market time, last week 15 homes at median price $345,000 with 42 days average market time.
VA financing was used to close on 8 homes at median price $467,450 with 21 days average market time, last week 4 homes at median price $295,000 with 34 days average market time.
2,000 sf or more closed on 114 homes this week at median price $517, 495 with 31 days average market time, last week 88 homes at median price $510,500 with 25 days average market time. Minimum price this week $290,000, last week $235,000.
73% of homes this week used Conventional financing to close. More homes closed using cash than FHA financing. You might be able to buy more using FHA but if you can’t get it accepted it doesn’t help much.
Under contract this week
Homes that went under contract this week are up. 170 this week compared to 143 the previous week.
Aurora-30 Bolingbrook-10
Naperville-34 Plainfield-23
St Charles-16
1 short sale was accepted by a seller this week. It was in Geneva. 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. 2 with a kick-out clause of 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, 1 with 48 hours, and 2 with 24 hours.
Median price of homes that went under contract this week $411,950 with 42 days average market time, last week $399,900 with 31 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
Totals 6461 6043 6825
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
Totals 7947 7983 8279
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 1101 1203 1170
September 1083 1411 1251
Totals 8943 10048 11040
Everything decreased yearly. That is why the prices keep rising.
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. Let us know if you are looking for any other information. We will point you in the right direction.
- 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
All data provided 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 30th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101