Fox Valley home prices February 11th

Posted on February 11, 2023February 11, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices February 11th

Fox Valley home prices February 11th. It feels like Spring! It was 46° today and getting into the lower 50’s this next week.

New listings this week were consistent. 106 this week compared to 108 the previous week.

Closed listings were down this week. 80 this week compared to 111 the previous week.

Aurora-New $163,000-$550,000

Closed-11 $220,000-$965,000

Naperville-New 25 $299,000-$1,699,000

Closed-12 $325,000-$1,250,000

Oswego-New 10 $250,000-$676,000

Closed-3 $340,000-$450,000

Plainfield-New 13 $299,900-$1,095,000

Closed-8 $190,100-$627,256

Click on the photo above to see other communities that had activity this week.

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

Median list price this week $399,949, last week $385,000

Closed median price this week $346,250, last week $352,335

Stats 021123 — Stats for week ending February 11th

Conventional financing was used to close on 55 homes this week at median price $345,500 with 48 days average market time, last week 81 homes at median price $385,000 with 63 days average market time.

Conv 021123 — Conventional financing used to close for week ending February 11th

Cash was used to close on 13 homes this week at median price $435,000 with 34 days average market time, last week 11 homes at median price $190,000 with 58 days average market time.

Cash 021123 — Cash used to close for week ending February 11th

FHA financing was used to close on 8 homes this week at median price $242,500 with 50 days average market time, last week 13 homes at median price $295,000 with 64 days average market time.

FHA 021123 — FHA financing used to close for week ending February 11th

VA financing was used to close on 4 homes this week at median price $487,000 with 48 days average market time, last week 6 homes at median price $428,750 with 59 days average market time.

VA 021123 — VA financing used to close for week ending February 11th

2,000 Square feet or more closed on 40 homes this week at median price $475,000 with 55 days average market time, last week 67 homes at median price $421,250 with 70 days average market time. Minimum price this week $190,000, last week $152,000.

2000 SF or more 021123 — 2,000 SF or more closed for week ending February 11th

Homes under contract this week

Homes under contract this week are just slightly down. 159 this week compared to 165 the previous week.

Aurora-24 Geneva-13

Naperville-18 Oswego-11

Plainfield-23 St Charles-10

3 short sales were accepted by seller’s this week. 1 each in Aurora, Bolingbrook, and West Chicago. Now they 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. 1 with a kick-out clause of 72 hours, 1 with 48 hours, and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, and also 3 with 48 hours.

Median price of homes under contract this week $369,900 with 58 days average market time, last week median price $369,900 with 59 days average market time.

Under Contract 021123 — Median price of homes under contract for the week ending February 11th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 214 191 324

Totals 697 517 794

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 also take a look back at 2022 and 2021 so you can see how this year is going.

Resources

Click on each of the bullet points to take you to the site for the information. If you are looking for other information let us know and we will point you in the right direction.

Ask your loan officer what rate you will be offered. It depends on your credit score and other things that they will explain to you.

All data provided today is downloaded from our MLS, MRED, LLC. It changes 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 February 11th. Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices February 4th

Posted on February 4, 2023February 4, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices February 4th

Fox Valley home prices February 4th. We still have snow on the ground. Not too much. We should hover around 40° starting today and through this next week.

New listings this week are down. 108 this week compared to 127 the previous week.

Closed listings are down slightly. 111 this week compared to 98 the previous week.

Aurora-New 8 $179,900-$325,000

Closed-17 $175,000-$674,000

Bolingbrook-New 9 $239,900-$479,900

Closed-11 $185,000-$420,000

Naperville-New 15 $299,900-$875,000

Closed-13 $297,999-$830,000

Plainfield-New 18 $219,900-$825,000

Closed-16 $140,000-$670,000

Yorkville-New 5 $399,900-$565,000

Closed-11 $311,500-$569,000

Click on the photo above to see other communities with activity this week.

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

Median list price this week $385,000, last week $399,990. (I had to go back in and download this a couple hours later so by then there were 3 more new listings added for this week.)

Closed listings median price this week $352,335, last week $387,950.

Stats 020423 — Stats for week ending February 4th.

Conventional financing was used to close on 81 homes this week at median price $385,000 with 63 days average market time, last week 72 homes at median price $429,250 with 45 days average market time.

Conv 020423 — Conventional financing used to close for week ending February 4th.

Cash was used to close on 11 homes this week at median price $190,000 with 58 days average market time, last week 14 homes at median price $304,762 with 40 days average market time.

Cash 020423 — Cash used to close for week ending February 4th.

FHA financing used to close this week on 13 homes at median price $295,000 with 64 days average market time, last week 10 homes at median price $328,795 with 91 days average market time.

FHA 020423 — FHA financing used to close for week ending February 4th.

VA financing was used to close on 6 homes this week at median price $428,750 with 59 days average market time, last week 3 homes at median price $433,500 with 64 days average market time.

VA 020423 — VA financing used to close for week ending February 4th.

2,000 SF or more closed on 67 homes at median price $421,250 with 70 days average market time, last week 61 homes at median price $480,000 with 62 days average market time. Minimum price this week $152,000, last week median price $309,500.

2000 SF or more 020423 — Homes that were at least 2,000 SF or more closed for week ending February 4th.