Fox Valley home prices March 16th

Posted on March 16, 2024March 16, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 16th

Fox Valley home prices March 16th. It is going to get to almost 60 today and then roller coaster with the temperatures for the next couple of weeks. It will range from the mid 30’s to the mid 50’s. We really didn’t have much of a winter. We will see how the spring weather turns out. So far so good.

New listings are down slightly. 181 this week compared to 197 the previous week.

Closed listings are slightly up. 137 this week compared to 129 the previous week.

Aurora-New 16 $163,000-$759,000

Closed-15 $206,500-$550,000

Bolingbrook-New 10 $300,000-$645,000

Closed-13 $258,000-$980,850

Elgin-New 12 $165,000-$589,990

Closed-15 $135,000-$591,840

Naperville-New 30 $329,900-$2,990,000

Closed-19 $375,000-$2,315,000

Oswego-New 11 $409,900-$1,295,000

Closed-9 $355,000-$546,332

Plainfield-New 26 $320,000-$699,000

Closed-17 $305,000-$865,000

St Charles-New 13 $349,000-$2,650,000

Closed-9 $300,000-$930,000

Other communities had activity this week. Check the photo above to see the price ranges in those communities. You just might find the price range you are looking for.

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

Median list price this week $455,365, last week $432,400.

Closed median price this week $425,000, last week $406,000.

Stats 031624 — Stats for week ending March 16th

Conventional financing was used to close on 101 homes this week at median price $434,990 with 37 days average market time, last week 88 homes at median price $408,000 with 34 days average market time.

Conv 031624 — Conventional financing used to close for week ending March 16th

Cash was used to close on 22 homes this week at median price $360,000 with 18 days average market time, last week 17 homes at median price $490,000 with 54 days average market time.

Cash 031624 — Cash used to close for week ending March 16th

FHA financing was used to close on 8 homes this week at median price $305,000 with 22 days average market time, last week 15 homes at median price $335,000 with 29 days average market time.

FHA 031624 — FHA financing used to close for week ending March 16th

VA financing was used to close on 6 homes this week at median price $511,500 with 20 days average market time, last week 4 homes at median price $387,450 with 47 days average market time.

VA 031624 — VA financing used to close for week ending March 16th

2,000 SF or more closed on 79 homes this week at median price $540,000 with 40 days average market time, last week 72 homes at median price $532,450 with 50 days average market time. Minimum price this week $247,000, last week $285,000.

2000 SF or more 030924 — 2,000 SF or more closed for week ending March 16th

Conventional financing continues to be the choice close with. You might be able to afford more using FHA but seller’s are accepting the conventional loan offers.

Under contract this week

Homes that went under contract this week are consistent. 186 this week compared to 178 the previous week.

Aurora-20 Batavia-10

Bolingbrook-17 Elgin-32

Naperville-19 Oswego-12

Plainfield-14

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. 1 with a kick-out clause of 72 hours and 1 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 1 with 48 hours, and 1 with 24 hours.

Median price of homes that went under contract this week $422,500 with 31 days average market time, last week $425,000 with 43 days average market time.

Under contract stats 031624 — Under contract stats for week ending March 16th

2024 by the month

Month New Closed Under contract

January 576 523 599

February 637 416 691

March 378 266 364

Totals 1591 1205 1654

We are picking us as we go. It just is not fast enough with the new listings.

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.

Click on anything that is underlined and bold to take you to the information.

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

Fox Valley home prices March 16th. 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 March 9th

Posted on March 9, 2024March 9, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 9th

Fox Valley home prices March 9th. We will be having temperatures from the mid 40’s to mid 60’s up and down for the next couple of weeks.

New listings are slightly up. 197 this week compared to 181 the previous week.

Closed listings are down. 129 this week compared to 154 the previous week.

Aurora-New 28 $164,900-$716,975

Closed-17 $157,000-$455,000

Bolingbrook-New 15 $199,900-$579,900

Closed-6 $262,000-$860,000

Elgin-New 21 $147,000-$925,000

Closed-20 $256,000-$684,900

Naperville-New 33 $435,000-$1,331,500

Closed-8 $375,000-$1,300,000

Plainfield-New 20 $339,900-$879,900

Closed-17 $321,000-$795,000

Yorkville-New 13 $329,900-$950,000

Closed-5 $312,000-$490,000

Take a look at the photo above for other communities that had activity this week and their price ranges.

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

Median list price this week $432,400, last week $440,000.

Closed median price this week $406,000, last week $430,500.

Stats 030924 — Stats for week ending March 9th

Conventional financing was used to close on 88 homes this week at median price $408,000 with 34 days average market time, last week 112 homes at median price $428,100 with 51 days average market time.

Conv 030924 — Conventional financing used to close for week ending March 9th

Cash was used to close on 17 homes this week at median price $490,000 with 54 days average market time, last week 27 homes at median price $515,000 with 38 days average market time.

Cash 030924 — Cash used to close for week ending March 9th

FHA financing was used to close on 15 homes this week at median price $335,000 with 29 days average market time, last week 11 homes at median price $375,000 with 93 days average market time.

FHA 030924 — FHA financing used to close for week ending March 9th

VA financing was used to close on 4 homes this week at median price $387,450 with 47 days average market time, last week 3 homes at median price $390,000 with 32 days average market time.

VA 030924 — VA financing used to close for week ending March 9th

2,000 SF or more closed on 72 homes at median price $532,450 with 50 days average market time, last week 99 homes at median price $521,900 with 60 days average market time. Minimum price this week $285,000, last week $339,900.

Conventional continues to be the most used way to close. There is still more cash deals closed than FHA.