Fox Valley home prices May 13th

Posted on May 13, 2023May 13, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 13th

Fox Valley home prices May 13th. It is a rainy weekend. 60 and 70’s next couple weeks and getting down to mid 40’s and 50’s at night.

New listings this week are consistent. 195 this week compared to 201 the previous week.

Closed listings are down. 129 this week compared to 161 the previous week.

Aurora-New 26 $149,900-$649,500

Closed-18 $144,000-$622.530

Bolingbrook-New 13 $179,000-$550,000

Closed-10 $250,000-$476,500

Naperville-New 51 $365,000-$3,000,000

Closed-16 $309,000-$925,000

Plainfield-New 23 $340,000-$925,000

Closed-23 $225,000-$645,390

St Charles-New 11 $210,000-$1,325,000

Closed-9 $270,000-$1,000,000

Yorkville-New 11 $249,900-$580,000

CLosed-3 $330,000-$840,000

Click on the photo above to see the price ranges in communities not listed here.

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

Median list price this week $412,500, last week $429,900.

Closed median price this week $389,000, last week $401,500.

Stats 051323 — Stats for week ending May 13th

Conventional financing was used to close on 89 homes at median price $395,000 with 37 days average market time, last week 121 homes at median price $419,000 with 17 days average market time.

Conv 051323 — Conventional financing used to close for week ending May 13th

Cash used to close on 20 homes at median price $363,750 with 21 days average market time, last week 21 homes at median price $410,500 with 63 days average market time.

Cash 051323 — Cash used to close for week ending May 13th

FHA financing was used to close on 15 homes this week at median price $322,000 with 38 days average market time, last week 15 homes at median price $337,500 with 56 days average market time.

FHA 051323 — FHA financing used to close for week ending May 13th

VA financing used to close on 4 homes at median price $407,000 with 67 days average market time, last week 3 homes at median price $379,900 with 5 days average market time.

VA 051323 — VA financing used to close for week ending May 13th

2,000 square feet or more closed on 74 homes at median price $475,750 with 31 days average market time, last week 100 homes at median price $488,000 with 28 days average market time. Minimum price this week $289,000, last week $310,000.

2000 SF or more 051323 — 2,000 SF or more homes closed for week ending May 13th

Just under 69% of homes closed this week using Conventional financing.

Under contract this week

Homes that went under contract this week are up. 232 this week compared to 194 the previous week.

Aurora-38 Bolingbrook-22

Naperville-39 Oswego-14

Plainfield-32 St Charles-19

Yorkville-10

1 short sale was accepted this week by a seller. It was in Sugar Grove. Now it 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. 2 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 and 2 with 48 hours.

Median price of homes that went under contract this week $437,000 with 26 days average market time, last week $399,450 with 27 days average market time.

Under contract Stats 051323 — Under contract stats for week ending May 13th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 396 290 426

Totals 2774 2317 3166

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 have something to compare to.

Resources

Click on each underlined bullet point to take you to the site for the information.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day. The numbers I downloaded this morning will be different than this evenings numbers.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices May 13th. 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 May 6th

Posted on May 6, 2023May 6, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 6th

Fox Valley home prices May 6th. We are finally seeing the 70’s. It should continue for the next couple of weeks.

New listings this week are up. 201 this week compared to 165 the previous week.

Closed listings are down. 161 this week compared to 194 the previous week.

Aurora-New 31 $190,000-$750,000

Closed-18 $184,000-$704,654

Bolingbrook-New 12 $254,900-$756,649

Closed-8 $190,000-$400,000

Naperville-New 37 $365,000-$1,900,000

Closed-34 $392,500-$2,050,000

Oswego-New 10 $279,000-$1,695,000

Closed-11 $315,000-$599,000

Plainfield-New 32 $279,000-$659,000

Closed-23 $235,000-$549,900

St Charles-New 17 $219,900-$875,000

Closed-14 $269,000-$765,000

Click on 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 $429,900, last week $429,999.

Closed median price this week $401,500, last week $422,500.

Stats 050623 — Stats for week ending May 6th

Conventional financing was used to close on 121 homes this week at median price $419,000 with 17 days average market time, last week 142 homes at median price $437,500 with 45 days average market time.

Conv 050623 — Conventional financing used to close for week ending May 6th

Cash was used to close on 21 homes this week at median price $410,500 with 63 days average market time, last week 26 homes at median price $410,000 with 94 days average market time.

Cash 050623 — Cash used to close for week ending May 6th

FHA financing was used to close on 15 homes this week at median price $337,500 with 56 days average market time, last week 16 homes at median price $343,565 with 51 days average market time.

FHA 050623 — FHA financing used to close for week ending May 6th

VA financing was used to close on 3 homes this week at median price $379,900 with 5 days average market time, last week 10 homes at median price $362,445 with 52 days average market time.

VA 050623 — VA financing used to close for week ending May 6th

2,000 square feet or more closed on 100 homes this week at median price $488,000 with 28 days average market time, last week 114 homes at median price $490,790 with 69 days average market time. Minimum price this week $310,000, last week $165,000.

2000 SF or more 050623 — 2000 SF or more closed for week ending May 6th

Slightly over 75% of homes closed this week using Conventional financing.