Fox Valley home prices November 23rd

Posted on November 23, 2024November 23, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 23rd

Fox Valley home prices November 23rd. We saw our first snowfall the other day. It melted right away though. This next week will be mostly in the 30’s.

New listings this week are down. 147 this week compared to 166 the previous week.

Closed listings are up. 198 this week compared to 169 the previous week.

Here are the communities with the most activity this week.

Aurora-New 21 $180,000-$670,000

Closed-25 $200,000-$915,000

Batavia-New 11 $224,900-$789,900

Closed-8 $264,000-$600,000

Bolingbrook-New 10 $199,900-$808,971

Closed-9 $319,900-$1,125,000

Elgin-New 20 $186,777-$718,990

Closed-23 $182,500-$600,000

Naperville-New 18 $425,000-$3,200,000

Closed-23 $375,000-$1,350,000

Oswego-New 9 $359,000-$587,997

Closed-13 $279,000-$609,767

Plainfield-New 18 $225,000-$639,900

Closed-25 $320,000-$1,330,000

St Charles-New 5 $350,000-$1,199,000

Closed-15 $58,500-$1,310,000

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

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

Median list price this week $435,000, last week $449,000.

Closed median price this week $418,750, last week $417,500.

Stats 112324 — Stats for week ending November 23rd

Conventional financing was used to close on 143 homes this week at median price $430,000 with 36 days average market time, last week 123 homes at median price $437,200 with 42 days average market time.

Conv 112324 — Conventional financing used to close for week ending November 23rd

Cash was used to close on 24 homes at median price $340,000 with 50 days average market time, last week 24 homes at median price $401,000 with 32 days average market time.

Cash 112324 — Cash used to close for week ending November 23rd

FHA financing was used to close on 20 homes at median price $372,900 with 31 days average market time, last week 15 homes at median price $375,000 with 22 days average market time.

FHA 112324 — FHA financing used to close for week ending November 23rd

VA financing was used to close on 11 homes at median price $435,000 with 61 days average market time, last week 7 homes at median price $490,000 with 37 days average market time.

VA 112324 — VA financing used to close for week ending November 23rd

2,000 SF or more closed on 113 homes this week at median price $520,000 with 48 days average market time, last week 100 homes at median price $512,111 with 45 days average market time. Minimum price this week $225,000, last week $275,000.

2000 SF or more 112324 — 2,000 SF or more closed for week ending November 23rd

Only 10% percent of homes closed this week using FHA financing. If you don’t have cash, conventional is the way to go.

Under contract this week

Homes that went under contract this week are down. 149 this week compared to 168 the previous week.

Aurora-15 Bolingbrook-14

Naperville-15 Oswego-10

Plainfield-18 St Charles-15

1 short sale was accepted by a seller this week. It was in Bolingbrook.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 6 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. 3 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.

Under contract median price this week $415,000 with 53 days average market time, last week $399,000 with 48 days average market time.

Under contract 112324 — Under contract stats for week ending November 23rd

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 504 510 480

Totals 9172 8235 8830

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 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.

Here are some resources for you to check out. Click on everything that is bold and underlined to take you to the information.

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. The data changes throughout the day.

Fox Valley home prices November 23rd. 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 September 21st

Posted on September 22, 2024September 22, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices September 21st

Fox Valley home prices September 21st. I am looking forward to the 70’s this next week with a couple of days of rain.

I am late writing this post. All information was downloaded Saturday morning.

New listings this week are consistent. 223 this week compared to 229 the previous week.

Closed listing this week are slightly down. 152 this week compared to 163 the previous week.

Aurora-New 24 $199,900-$950,000

Closed-24 $205,000-$1,025,000

Bolingbrook-New 15 $289,900-$806,971

Closed-16 $265,000-$575,000

Elgin-New 19 $229,900-$712,000

Closed-5 $307,000-$535,000

Geneva-New 12 $349,900-$815,000

Closed-4 $225,000-$503,000

Naperville-New 29 $385,000-$3,400,000

Closed-20 $437,750-$2,060,000

Oswego-New 13 $229,900-$675,000

Closed-9 $309,240-$740,000

Plainfield-New 25 $290,000-$762,485

Closed-14 $262,500-$1,075,000

St Charles-New 16 $89,000-$1,500,000

Closed-10 $216,000-$1,700,000

Yorkville-New 13 $360,000-$930,000

Closed-5 $369,000-$860,000

Other communities had activity this week. We are just highlighting the ones with the most activity. Look at photo above for other communities and their price ranges.

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

Median list price this week $457,960, last week $445,000

Closed median price this week $450,000, last week $429,135.

Stats 092124 — Stats for week ending September 21st

Conventional financing was used to close on 104 homes this week at median price $455,000 with 23 days average market time, last week 118 homes at median price $434,500 with 23 days average market time.

Conv 092124 — Conventional financing used to close for week ending September 21st

Cash was used to close on 30 homes this week at median price $485,000 with 35 days average market time, last week 21 homes at median price $475,000 with 41 days average market time.

Cash 092124 — Cash used to close for week ending September 21st

FHA financing was used to close on 6 homes this week at median price $338,500 with 61 days average market time, last week 16 homes at median price $327,500 with 19 days average market time.

FHA 092124 — FHA financing used to close for week ending September 21st

VA financing was used to close on 10 homes at median price $425,000 with 24 days average market time, last week 7 homes at median price $372,500 with 27 days average market time.

VA 092124 — VA financing used to close for week ending September 21st

2,000 SF or more closed on 100 homes this week at median price $510,000 with 30 days average market time, last week 86 homes at median price $525,000 with 21 days average market time. Minimum price this week $229,000, last week $275,000.

It is crazy that there is more VA loans used to close this week than FHA. Conventional loans continue to be the most used way to finance a home.