Fox Valley home prices September 14th
Fox Valley home prices September 14th. Temperatures will continue to be hot in the mid 80’s to 90’s this next week with no rain until maybe Sunday.
New listings are slightly up. 229 this week compared to 209 the previous week.
Closed listings are down. 163 this week compared to 208 the previous week.
Aurora-New 26 $210,000-$1,299,999
Closed-22 $197,000-$729,000
Bolingbrook-New 14 $285,000-$499,900
Closed-14 $291,000-$941,900
Elgin-New 24 $159,500-$1,395,000
Closed-17 $206,500-$1,240,040
Naperville-New 33 $425,000-$1,635,600
Closed-19 $355,000-$1,260,000
Oswego-New 6 $249,900-$525,000
Closed-11 $350,000-$584,900
Plainfield-New 28 $335,000-$837,000
Closed-19 $262,500-$667,000
St Charles-New 20 $325,000-$2,100,000
Closed-5 $386,000-$1,350,000
Yorkville-New 11 $219,900-$775,000
Closed-6 $330,000-$475,000
These are the communities with the most activity this week. Check other communities that also had activity in the photo above and their price ranges.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $445,000, last week $459,900.
Closed median price this week $429,135, last week $427,450.
Conventional financing was used to close on 118 homes this week at median price $434,500 with 23 days average market time, last week 162 homes at median price $438,000 with 25 days average market time.
Cash was used to close on 21 homes this week at median price $475,000 with 41 days average market time, last week 27 homes at median price $475,000 with 33 days average market time.
FHA financing was used to close on 16 homes this week at median price $327,500 with 19 days average market time, last week 13 homes at median price $290,000 with 14 days average market time.
VA financing was used to close on 7 homes this week at median price $372,500 with 27 days average market time, last week 5 homes at median price $375,000 with 19 days average market time.
2,000 SF or more closed on 86 homes this week at median price $525,000 with 21 days average market time, last week 120 homes at median price $539,460 with 30 days average market time. Minimum price this week $275,000, last week $175,000.
Conventional financing continues to be the most used way to finance a home. Cash continues to beat out FHA at least here in the Fox Valley area.
Under contract this week
Homes that went under contract this week are slightly up. 195 this week compared to 170 the previous week.
Aurora-26 Bolingbrook-11
Elgin-24 Naperville-25
Oswego-19 Plainfield-21
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 48 hours and 3 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 4 with 48 hours.
Under contract median price this week $419,900 with 44 days average market time, last week $416,500 with 35 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 1077 1002 1075
June 1009 906 918
July 1173 1050 1094
August 883 858 725
September 438 371 365
Totals 7267 6426 7060
Check back with us every Saturday for the real estate market update of the Fox Valley area of Illinois. At the end of each 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.
You can alsorequest 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.
Fox Valley home prices September 14th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101
