Fox Valley home prices July 20th

Fox Valley home prices July 20th

Fox Valley home prices July 20th.  This week coming up looks to be a typical summer week with temperatures in the lower to mid 80’s.

New listings this week are down.  240 this week compared to 299 the previous week.

Closed listings are slightly down.  181 this week compared to 194 the previous week.

Aurora-New 28 $145,900-$890,000

             Closed-24 $200,000-$924,900

Batavia-New 12 $229,990-$825,000

               Closed-4 $442,000-$625,000

Bolingbrook-New 18 $240,000-$596,000

                      Closed-10 $216,200-$823,615

Elgin-New 26 $225,000-$675,000

          Closed-18 $235,000-$695,000

Naperville-New 47 $390,000-$1,650,000

                   Closed-27 $445,000-$2,630,500

Plainfield-New 29 $325,900-$799,000

                  Closed-18 $305,000-$730,422

St Charles-New 10 $399,900-$1,899,000

                  Closed-17 $260,000-$1,212,500

We highlighted the communities with the most activity this week.  Take a look at other communities and their price ranges in photo above.

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

Median list price this week $479,000, last week $470,000.

Closed median price this week $475,000, last week $467,000.

Stats 072024
Stats for week ending July 20th

Conventional financing was used to close on 135 homes this week at median price $486,000 with 21 days average market time, last week 152 homes at median price $469,500 with 16 days average market time.

Conv 072024
Conventional financing used to close for week ending July 20th

Cash was used to close on 23 homes this week at median price $489,900 with 41 days average market time, last week 23 homes at median price $475,000 with 28 days average market time.

Cash 072024
Cash used to close for week ending July 20th

FHA financing was used to close on 14 homes this week at median price $360,800 with 27 days average market time, last week 10 homes at median price $318,450 with 14 days average market time.

FHA 072024
FHA financing used to close for week ending July 20th

VA financing was used to close on 7 homes this week at median price $456,500 with 19 days average market time, last week 8 homes at median price $497,500 with 9 days average market time.

VA 072024
VA financing used to close for week ending July 20th

2,000 SF or more closed on 116 homes this week at median price $582,000 with 28 days average market time, last week 125 homes at median price $525,000 with 21 days average market time.  Minimum price this week $235,000, last week $237,000.

2000 SF or more 072024
2,000 SF or more closed for week ending July 20th

Cash continues to be used more than FHA financing this week.  Conventional is still the number 1 way to close.

Under contract this week

Homes that went under contract this week are up.  231 this week compared to 188 the previous week.

Aurora-28                            Bolingbrook-18

Elgin-22                               Geneva-12

Montgomery-10                  Naperville-29

Oswego-13                           Plainfield-26

St Charles-13

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.  3 with a kick-out clause of 72 hours, 3 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, 3 with 48 hours, and 2 with 24 hours.

Median price of homes that went under contract this week $425,000 with 30 days average market time, last week $450,000 with 29 days average market time.

Under contract stats 072024
Under contract stats for week ending July 20th

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                       704       550            648

Totals                  5477     4697           5524

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 so you have something to compare to.

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 to take you to the site for the information.

On my website you canrequest a home valuation, sign-up for email alerts, search for a home anytime.

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

Fox Valley home prices July 20th.  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