Fox Valley home prices December 21st

Posted on December 21, 2024December 21, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 21st

Fox Valley home prices December 21st. 25 degrees and sunny today but it will get up to 50 by next Saturday.

New listings this week are down. 81 this week compared to 95 the previous week.

Closed listings this week are up. 194 this week compared to 171 the previous week.

Here are the communities with the most activity this week.

Aurora New-9 $80,000-$552,061

Closed-23 $217,000-$539,470

Bolingbrook New-9 $315,000-$726,068

Closed-11 $258,000-$945,331

Elgin New-5 $288,000-$574,990

Closed-22 $130,000-$624,990

Naperville New-5 $498,189-$1,649,900

Closed-22 $365,000-$1,675,000

Oswego New-1 $440,000

Closed-10 $354,990-$615,000

Plainfield New-17 $379,9990-$642,530

Closed-24 $299,000-$850,000

St Charles New-6 $325,000-$725,000

Closed-10 $300,000-$1,300,000

Other communities had activity this week. You can see them in the photo above with their price ranges.

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

Median list price this week $412,700, last week $435,720.

Closed median price this week $410,000, last week $435,000.

Stats 122124 — Stats for week ending December 21st

Conventional financing was used to close on 132 homes this week at median price $425,000 with 39 days average market time, last week 131 homes at median price $435,000 with 55 days average market time.

Conv 122124 — Conventional financing used to close for week ending December 21st

Cash was used to close on 29 homes this week at median price $365,000 with 39 days average market time, last week 24 homes at median price $512,500 with 33 days average market time.

Cash 122124 — Cash used to close for week ending December 21st

FHA financing was used to close on 23 homes this week at median price $325,000 with 28 days average market time, last week 10 homes at median price $357,500 with 32 days average market time.

FHA 122124 — FHA financing used to close for week ending December 21st

VA financing was used to close on 9 homes this week at median price $629,000 with 173 days average market time, last week 4 homes at median price $438,750 with 98 days average market time.

VA 122124 — VA financing used to close for week ending December 21st

2,000 SF or more closed on 114 homes this week at median price $520,000 with 52 days average market time, last week 100 homes at median price $525,000 with 54 days average market time. Minimum price this week $205,000, last week $300,000.

2000 SF or more 122124 — 2,000 SF or more closed for week ending December 21st

Conventional financing continues to be the most used way to finance a home. Cash buyers are still 2nd in the way to close on a home.

Under contract this week

Homes that went under contract this week are the same amount as the week before. 126 both weeks.

Here are the communities that seller’s accepted the most contracts this week.

Aurora-17 Elgin-18

Naperville-14 Oswego-11

Plainfield-20

2 short sales were accepted by seller’s this week. Both of them were in Plainfield.

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 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 and 2 with 48 hours.

Median price of homes that went under contract this week $398,200 with 68 days average market time, last week $388,450 with 54 days average market time.

Under contract stats 122124 — Under contract stats for week ending December 21st

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 849 734 777

October 990 936 878

November 587 659 601

December 297 524 459

Totals 9552 8908 9410

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of each month we will take a look back at 2023 and 2022. Next week is the last full week of the year.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Check out these great resources by clicking on everything that is bold and underlined to take you to the information.

Some lenders also have programs to help. You need to ask.

You can also request a home valuation, sign-up for email alerts, and search for a home anytime.

All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day as agents upload their information.

Fox Valley home prices December 21st. Have an awesome week! Merry Christmas and Happy Holidays to you!

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 December 14th

Posted on December 14, 2024December 14, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 14th

Fox Valley home prices December 14th. 37 and raining today. We will go up to 46 on Monday and then downhill from there to a high of 24. Not bad for a couple of weeks before Christmas.

New listings this week are way down. 95 this week compared to 121 the previous week.

Closed listings are up. 171 this week compared to 159 the previous week.

Here are the communities with the most activity this week.

Aurora New-11 $179,900-$539,681

Closed-16 $135,000-$691,329

Bolingbrook New-7 $334,900-$650,000

Closed-12 $226,000-$909,742

Elgin New-6 $250,000-$495,000

Closed-14 $195,000-$768,000

Naperville New-10 $479,900-$975,000

Closed-18 $390,000-$1,755,000

Oswego New-8 $350,000-$643,490

Closed-11 $290,000-$625,770

Plainfield New-20 $345,000-$839,000

Closed-24 $308,000-$830,303

South Elgin New-1 $239,000

Closed-13 $267,000-$807,345

St Charles New-5 $340,000-$1,550,000

Closed-14 $260,000-$874,000

Other communities had activity. You can see them and their price ranges in the photo above.

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

Median list price this week $435,720, last week $435,995.

Closed median price this week $435,000, last week $423,255.

Stats 121424 — Stats for week ending December 14th

Conventional financing was used to close on 131 homes this week at median price $435,000 with 55 days average market time, last week 118 homes at median price $419,127 with 36 days average market time.

Conv 121424 — Conventional financing used to close for week ending December 14th

Cash was used to close on 24 homes this week at median price $512,500 with 33 days average market time, last week 27 homes at median price $440,000 with 48 days average market time.

Cash 121424 — Cash used to close for week ending December 14th

FHA financing was used to close on 10 homes this week at median price $357,500 with 32 days average market time, last week 11 homes at median price $350,000 with 25 days average market time.

FHA 121424 — FHA financing used to close for week ending December 14th

VA financing was used to close on 4 homes this week at median price $438,750 with 98 days average market time, last week 2 homes at median price $351,500 with 34 days average market time.

VA 121424 — VA financing used to close for week ending December 14th

2,000 SF or more closed on 100 homes this week at median price $525,000 with 54 days average market time, last week 89 homes at median price $519,500 with 41 days average market time. Minimum price this week $300,000, last week $317,000.

2000 SF or more 121424 — 2,000 SF or more closed for week ending December 14th

Every week the inventory of homes is different.

This week over 76 percent of homes used conventional financing to close on a home. As long as we are in a seller’s market I do not see this changing.