Fox Valley home prices May 11th

Posted on May 11, 2024May 11, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 11th

Fox Valley home prices May 11th. It is a gorgeous day today and it looks like it will be from low 60’s to 80 for the next week.

New listings this week are the same. 205 this week compared to 205 the previous week.

Closed listings are way down. 163 this week compared to 251 the previous week.

Aurora-New 21 $190,000-$659,900

Closed-18 $156,100-$752,864

Bolingbrook-New 12 $315,00-$600,000

Closed-11 $230,000-$525,000

Elgin-New 13 $275,000-$975,995

Closed-22 $255,000-$890,000

Geneva-New 13 $339,900-$949,900

Closed-4 $255,000-$1,100,000

Naperville-New 36 $349,000-$1,635,600

Closed-26 $426,000-$1,275,000

Plainfield-New 33 $314,900-$989,900

Closed-13 $300,000-$708,475

St Charles-New 16 $400,000-$3,250,000

Closed-8 $275,000-$690,000

To see the other communities that had activity this week look at the photo above.

Financing used, median prices, and 2,000 SF or more

Median list price this week $474,950, last week $454,995.

Closed median price this week $434,900, last week $456,000.

Stats 051124 — Stats for week ending May 11th

Conventional financing was used to close on 128 homes this week at median price $469,995 with 29 days average market time, last week 196 homes at median price $475,000 with 27 days average market time.

Conv 051124 — Conventional financing used to close for week ending May 11th

Cash was used to close on 19 homes this week at median price $409,000 with 13 days average market time, last week 26 homes at median price $385,750 with 30 days average market time.

Cash 051124 — Cash used to close for week ending May 11th

FHA financing was used to close on 11 homes this week at median price $332,000 with 28 days average market time, last week 18 homes at median price $338,000 with 16 days average market time.

FHA 051124 — FHA financing used to close for week ending May 11th

VA financing was used to close on 5 homes at median price $379,990 with 15 days average market time, last week 10 homes at median price $414,500 with 24 days average market time.

VA 051124 — VA financing used to close for week ending May 11th

2,000 SF or more closed on 89 homes this week at median price $529,900 with 37 days average market time, last week 162 homes at median price $535,250 with 29 days average market time. Minimum price this week $270,000, last week $210,000.

2000 SF or more 051124 — 2,000 SF or more closed for week ending May 11th

Conventional financing again continues to be the way to go.

Under contract this week

Homes that went under contract this week are consistent. 211 this week compared to 223 the previous week.

Aurora-17 Bolingbrook-14

Elgin-22 Naperville-32

Oswego-13 Plainfield-23

St Charles-13

No short sales were accepted this week by seller’s.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 7 with 48 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, 3 with 48 hours, and 1 with 24 hours.

Median price under contract this week $460,000 with 35 days average market time, last week $450,000 with 36 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 410 414 434

Totals 3097 2653 3317

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also take a look back at 2023 and 2022.

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 and it will take you to the site for the information.

All data provided is downloaded from our MLS, MRED, LLC. It changes throughout the day.

Fox Valley home prices May 11th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices May 4th

Posted on May 4, 2024May 4, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 4th

Fox Valley home prices May 4th. Today it is going to be 81 degrees. It should be from mid 60’s to mid 70’s for the next couple of weeks.

Hummingbirds have come back. Lawns are being mowed. I love Spring!

New listing this week are consistent. 205 this week compared to 196 the previous week.

Closed listing are way up. 251 this week compared to 175 the previous week.

Aurora-New 14 $180,000-$575,000

Closed-26 $210,000-$875,000

Batavia-New 8 $339,900-$625,000

Closed-16 $286,000-$830,000

Bolingbrook-New 14 $285,000-$799,971

Closed-23 $180,000-$1,130,000

Elgin-New 22 $249,900-$765,000

Closed-32 $140,000-$2,350,000

Naperville-New 32 $425,000-$2,399,000

Closed-44 $290,000-$1,550,000

Oswego-New 7 $450,000-$1,800,000

Closed-10 $405,000-$630,634

Plainfield-New 26 $289,900-$949,000

Closed-22 $310,000-$689,900

St Charles-New 22 $297,000-$1,500,000

Closed-18 $200,000-$1,710,000

Yorkville-New 5 $340,990-$549,900

Closed-10 $315,000-$652,000

These are the communities with the most activity this week. Other communities also had activity. You can see those in the photo above. If you are not finding the price range you are looking for let me know. We will find it.

Financing used, median prices, and 2,000 SF or more

Median list price this week $454,995, last week $469,990.

Closed median price this week $456,000, last week $450,000.

Stats 050424 — Stats for week ending May 4th

Conventional financing was used to close on 196 homes this week at median price $475,000 with 27 days average market time, last week 130 homes at median price $442,495 with 44 days average market time.

Conv 050424 — Conventional financing used to close for week ending May 4th

Cash was used to close on 26 homes this week at median price $385,750 with 30 days average market time, last week 26 homes at median price $511,500 with 33 days average market time.

Cash 050424 — Cash used to close for week ending May 4th

FHA financing was used to close on 18 homes this week at median price $338,000 with 16 days average market time, last week 9 homes at median price $375,000 with 30 days average market time.

FHA 050424 — FHA financing used to close for week ending May 4th

VA financing was used to close on 10 homes this week at median price $414,500 with 24 days average market time, last week 9 homes at $435,000 with 24 days average market time.

VA 050424 — VA financing used to close for week ending May 4th

2,000 SF or more closed on 162 homes this week at median price $535,250 with 29 days average market time, last week 114 at median price $507,500 with 49 days average market time. Minimum price this week $210,000, last week $309,000.

Conventional financing will be the way to go until more homes come on the market and there are not so many buyers.