Fox Valley home prices March 4th

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

Fox Valley home prices March 4th

Fox Valley home prices March 4th. We just missed a big snow storm luckily. It went to the south and east of us. Temperatures are hovering around 40°. Monday will be the exception, it will be 60°, then back to the 40’s.

New listings this week were consistent. 127 this week compared to 120 the previous week.

Closed listings were up. 144 this week compared to 103 the previous week.

Aurora-New 17 $127,000-$579,900

Closed-19 $185,200-$615,000

Naperville-New 26 $339,900-$1,350,000

Closed-22 $375,770-$1,800,000

Oswego-New 11 $275,000-$625,000

Closed-11 $215,000-$623,000

St Charles-New 6 $449,800-$1,300,000

Closed-11 $215,000-$650,000

We highlighted the communities with the most activity. Click on the photo above to see activity in other communities and the price ranges.

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

Median list price this week $400,000, last week it was exactly the same $400,000.

Closed median price this week $374,495, last week $385,000.

Stats 030423 — Stats for week ending March 4th

Conventional financing was used to close on 99 homes this week with a median price $401,000 with 50 days average market time, last week 70 homes at median price $386,500 with 46 days average market time.

Conv 030423 — Conventional financing used to close for week ending March 4th

Cash was used to close on 16 homes this week with a median price $355,000 with 36 days average market time, last week 13 homes at median price $415,000 with 45 days average market time.

Cash 030423 — Cash used to close for week ending March 4th

FHA financing was used to close on 21 homes this week at median price $300,000 with 77 days average market time, last week 12 homes at median price $299,500 with 70 days average market time.

FHA 030423 — FHA financing used to close for week ending March 4th

VA financing was used to close on 6 homes this week at median price $346,500 with 62 days average market time, last week 8 homes at median price $465,000 with 46 days average market time.

VA 030423 — VA financing used to close for week ending March 4th

2,000 square feet or more closed on 86 homes this week at median price 432,950 with 55 days average market time, last week 63 homes at median price $450,000 with 58 days average market time. Minimum price this week $168,000, last week $245,000.

2000 SF or more 030423 — 2,000 SF or more closed for week ending March 4th

Conventional financing continues to be the financing to get accepted at just slightly over 68% of homes closed.

Almost 60% of homes closed are 2,000 SF or more in the Fox Valley area.

Under contract this week

Homes that went under contract this week are down. 147 this week compared to 166 the previous week.

Aurora-22 Bolingbrook-11

Naperville-17 Plainfield-25

St Charles-10

Click on the photo above to see the other communities that also had homes go under contract this week.

1 short sale was accepted by a seller this week. It was in Minooka. Now it will go to the lender to see if they will also accept.

A Seller accepted a contract that is contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 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 also 1 with 24 hours.

Median price of homes under contract this week $399,000 with 55 days average market time, last week median price $377,400 with 45 days average market time.

Under contract this week 020423 — Under contract for week ending March 4th

2023 by the month and a look back at 2022 and 2021

2023

Month New Closed Under contract

January 483 326 470

February 630 526 789

Totals 1113 852 1259

2022

January 422 492 626

February 523 520 724

Totals 945 1012 1350

2021

January 543 649 829

February 561 604 778

Totals 1104 1253 1607

There were only 2 days this week that were in February. I decided to carry it over just in case they were the busiest 2 days of the week.

You will see that the number will steadily go up each month. Get with your loan officer to get approval before you miss out on your dream home. This needs to go with an offer. The seller will not accept without it in most cases, unless you have cash, and then you will need a letter from your bank showing that you have the funds available.

Check back with us every Saturday for the Fox Valley home prices.

Resources

Click on each bullet point to take you to the site for the information. If you are looking for any other information not list let us know and we will point you in the right direction.

Check with your loan officer for the interest rate you will be offered. It depends on your credit score and other things they will explain to you.

All data is provided from our MLS, MRED, LLC. It changes continuously 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 March 4th. 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 February 18th

Posted on February 18, 2023February 18, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices February 18th

Fox Valley home prices February 18th. New listings, closed listings, median prices, financing used to close, under contract, 2023 by the month, and some great resources.

New listings this week are up. 169 this week compared to 106 the previous week.

Closed listings are slightly up. 88 this week compare to 80 the previous week.

Aurora-New 24 $149,900-$749,000

Closed-16 $130,000-$520,458

Bolingbrook-New 10 $265,000-$674,900

Closed-8 $227,000-$330,000

Naperville-New 30 $275,000-$12,750,000

Closed-10 $290,000-$3,075,000

Oswego-New 12 $324,500-$1,299,000

Closed-7 $211,700-$455,000

Plainfield-New 25 $279,000-$683,910

Closed-16 $216,000-$635,968

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 $399,990, last week $399,949.

Closed median price this week $339,000, last week $346,250.

Stats 021823 — Stats for week ending February 18th

Conventional financing used to close on 61 homes this week at median price $355,000 with 65 days average market time, last week 55 homes at median price $345,500 with 48 days average market time.

Conv 021823 — Conventional financing used to close for week ending February 18th

Cash was used to close on 19 homes this week with a median price of $270,000 with 69 days average market time, last week 13 homes at median price $435,000 with 34 days average market time.

Cash 021823 — Cash used to close for week ending February 18th

FHA financing was used to close on 6 homes this week at median price $306,500 with 72 days average market time, last week 8 homes at median price $242,500 with 50 days average market time.

FHA 021823 — FHA financing used to close for the week ending February 18th

VA financing was used to close on 1 house this week $423,990 with 53 days average market time, last week 4 homes at median price $487,000 with 48 days average market time.

VA 021823 — VA financing used to close for week ending February 18th

2,000 square feet or more close on 51 homes this week at median price $450,000 with 63 days average market time, last week 40 homes at median price $475,000 with 55 days average market time. Minimum price this week $108,000, last week $190,100

2000 SF or more 021823 — 2,000 SF or more closed for week ending February 18th

Conventional financing continues to be the financing to chose.

Homes under contract this week

Homes that went under contract this week are consistent. 152 this week compared to 159 the previous week.

Aurora-21 Naperville-31

Oswego-14 Plainfield-20

Click on the photo above to see other communities that seller’s accepted contracts this week.

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. 4 with a kick-out clause of 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. 5 with a kick-out clause of 48 hours and 2 with 24 hours.

Median price of homes that went under contract this week $391,950 with 54 days average market time, last week median price $369,900 with 58 days average market time.

Under Contract Stats 021823 — Under contract stats for week ending February 18th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 383 279 476

Totals 866 605 946

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 show you 2022 and 2021 so you can see how this year is going.