Fox Valley home prices June 24th

Posted on June 24, 2023June 24, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 24th

Fox Valley home prices June 24th. It is a hot one today! Hopefully we might see some rain in the next couple of days. Mid 80’s during the day and mid 60’s at night for the next couple of weeks . It is severely dry here.

New listings this week are consistent. 204 this week compared to 199 the previous week.

Closed listings are down. 164 this week compared to 229 the previous week.

Aurora-New 26 $200,000-$1,250,000

Closed-21 $175,000-$590,000

Bolingbrook-New 28 $239,900-$848,500

Closed-21 $200,000-$775,000

Naperville-New 39 $350,000-$1,375,000

Closed-29 $250,000-$2,075,000

Plainfield-New 26 $297,900-$1,350,000

Closed-20 $303,000-$676,430

St Charles-New 16 $297,000-$1,395,000

Closed-10 $251,500-$715,000

Out of the 25 communities with activity this week. These are the ones that are most active. Click on photo above to see the other communities.

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

Median list price this week $439,450, last week $448,542.

Closed median price this week $435,000, last week $450,000.

Stats 062423 — Stats for week ending June 24th

Conventional financing was used to close on 113 homes this week at median price $455,000 with 20 days average market time, last week 169 homes at median price $458,000 with 21 days average market time.

Conv 062423 — Conventional financing used to close for week ending June 24th

Cash was used to close on 31 homes at median price $445,000 with 17 days average market time, last week 34 homes at median price $509,250 with 24 days average market time.

Cash 062423 — Cash used to close for week ending June 24th

FHA financing was used to close on 17 homes this week with median price $338,000 with 29 days average market time, last week 17 homes at median price $350,000 with 31 days average market time.

FHA 062423 — FHA financing used to close for week ending June 24th

VA financing was used to close on 3 homes this week at median price $335,000 with 14 days average market time, last week 7 homes at median price $495,000 with 14 days average market time.

VA 062423 — VA financing was used to close for week ending June 24th

2,000 square feet or more closed on 97 homes this week at median price $510,000 with 24 days average market time, last week 160 homes at median price $520,000 with 25 days average market time. Minimum price this week $250,000, last week $238,000.

2000 SF or more 062423 — 2,000 SF or more for week ending June 24th

Conventional financing continues to be the most used financing at just under 70% this week.

Under contract this week

Homes under contract this week are down slightly. 189 this week compared to 198 the previous week.

Aurora-21 Bolingbrook-13

Geneva-11 Naperville-37

Plainfield-24 St Charles-11

1 short sale was accepted by a seller this week. It was in North Aurora. 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 72 hours, 2 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. 1 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.

Median price of homes under contract this week is $420,000 with 30 days average market time, last week $449,450 with 36 days average market time.

Under contract this week 020423 — Under contract this week for week ending June 24th

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 846 801 731

Totals 3959 3431 4287

Check back with us every Saturday for the Fox Valley area of Illinois real estate market update. At the end of each month we will also take a look back at 2022 and 2021 so see how they compare.

Resources

Click on each bullet point and anything that is bold and underlined to take you to the site for the information.

Check with your loan officer to see if they offer any programs that will help with closing costs or anything else.

If you would like to see what your home is worth on today’s market request home valuation and we will give you an idea of what the costs to sell your home might be.

Don’t miss out on a new listing sign-up for email alerts and you will be emailed a listing as soon as it hits our MLS.

You can always search for a home anytime or check on what homes are selling for.

Let us know what information you need.

All data was provided this morning by our MLS, MRED, LLC. It changes continuously 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 June 24th. 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 June 17th

Posted on June 17, 2023June 17, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 17th

Fox Valley home prices June 17th. The next couple of weeks will be in the 80’s during the day and mid 60’s at night. No rain in sight.

New listings this week are slightly down. 199 this week compared to 212 the previous week.

Closed listings are up. 229 this week compared to 171 the previous week.

Aurora-New 21 $180,000-$689,000

Closed-20 $175,000-$780,000

Bolingbrook-New 11 $300,000-$899,900

Closed-13 $211,000-$740,000

Geneva-New 9 $275,000-$3,500,000

Closed-12 $285,000-$580,000

Montgomery-New 10 $200,000-$474,900

Closed-6 $230,000-$410,000

Naperville-New 43 $275,000-$2,200,000

Closed-53 $255,000-$2,200,000

Oswego-New 7 $375,000-$480,000

Closed-11 $390,000-$900,000

Plainfield-New 21 $189,000-$1,875,000

Closed-24 $285,000-$640,000

St Charles-New 14 $272,108-$1,075,000

Closed-20 $220,000-$815,000

Yorkville-New 12 $289,900-$975,000

Closed-10 $262,000-$590,000

These are the 9 communities out of 28 that had the most activity this week. To see the other communities click on the photo above. If you are having a hard time reading it I can email it to you. Send email to besthomesfv@gmail.com.

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

Median list price this week $448,542, last week $449,900.

Closed median price this week $450,000, last week $445,000.

Stats 061723 — Stats for week ending June 17th

Conventional financing was used to close on 169 homes this week at median price $458,000 with 21 days average market time, last week 132 homes at median price $452,500 with 22 days average market time.

Conv 061723 — Conventional financing used to close for week ending June 17th

Cash was used to close on 34 homes this week at median price $509,250 with 24 days average market time, last week 26 homes at median price $448,500 with 34 days average market time.

Cash 061723 — Cash used to close for week ending June 17th

FHA financing was used to close on 17 homes this week at median price $350,000 with 31 days average market time, last week 6 homes at median price $349,990 with 7 days average market time.

FHA 061723 — FHA financing used to close for week ending June 17th

VA financing was used to close on 7 homes this week at median price $495,000 with 14 days average market time, last week 6 homes at median price $416,225 with 25 days average market time.

VA 061723 — VA financing was used to close for week ending June 17th

2,000 square feet or more closed on 160 homes at median price $520,000 with 25 days average market time, last week 105 homes at median price $523,000 with 24 days average market time. Minimum price this week $238,000, last week $247,500.

2000 SF or more 061723 — 2,000 SF or more closed for week ending June 17th

Almost 74% of homes closed this week used Conventional financing. Cash was used twice as many times as FHA financing.