Fox Valley home prices July 20th

Fox Valley home prices July 20th. This week coming up looks to be a typical summer week with temperatures in the lower to mid 80’s.

New listings this week are down. 240 this week compared to 299 the previous week.

Closed listings are slightly down. 181 this week compared to 194 the previous week.

Aurora-New 28 $145,900-$890,000

Closed-24 $200,000-$924,900

Batavia-New 12 $229,990-$825,000

Closed-4 $442,000-$625,000

Bolingbrook-New 18 $240,000-$596,000

Closed-10 $216,200-$823,615

Elgin-New 26 $225,000-$675,000

Closed-18 $235,000-$695,000

Naperville-New 47 $390,000-$1,650,000

Closed-27 $445,000-$2,630,500

Plainfield-New 29 $325,900-$799,000

Closed-18 $305,000-$730,422

St Charles-New 10 $399,900-$1,899,000

Closed-17 $260,000-$1,212,500

We highlighted the communities with the most activity this week. Take a look at other communities and their price ranges in photo above.

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

Median list price this week $479,000, last week $470,000.

Closed median price this week $475,000, last week $467,000.

Stats 072024 — Stats for week ending July 20th

Conventional financing was used to close on 135 homes this week at median price $486,000 with 21 days average market time, last week 152 homes at median price $469,500 with 16 days average market time.

Conv 072024 — Conventional financing used to close for week ending July 20th

Cash was used to close on 23 homes this week at median price $489,900 with 41 days average market time, last week 23 homes at median price $475,000 with 28 days average market time.

Cash 072024 — Cash used to close for week ending July 20th

FHA financing was used to close on 14 homes this week at median price $360,800 with 27 days average market time, last week 10 homes at median price $318,450 with 14 days average market time.

FHA 072024 — FHA financing used to close for week ending July 20th

VA financing was used to close on 7 homes this week at median price $456,500 with 19 days average market time, last week 8 homes at median price $497,500 with 9 days average market time.

VA 072024 — VA financing used to close for week ending July 20th

2,000 SF or more closed on 116 homes this week at median price $582,000 with 28 days average market time, last week 125 homes at median price $525,000 with 21 days average market time. Minimum price this week $235,000, last week $237,000.

2000 SF or more 072024 — 2,000 SF or more closed for week ending July 20th

Cash continues to be used more than FHA financing this week. Conventional is still the number 1 way to close.

Under contract this week

Homes that went under contract this week are up. 231 this week compared to 188 the previous week.

Aurora-28 Bolingbrook-18

Elgin-22 Geneva-12

Montgomery-10 Naperville-29

Oswego-13 Plainfield-26

St Charles-13

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. 3 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, 3 with 48 hours, and 2 with 24 hours.

Median price of homes that went under contract this week $425,000 with 30 days average market time, last week $450,000 with 29 days average market time.

Under contract stats 072024 — Under contract stats for week ending July 20th

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 704 550 648

Totals 5477 4697 5524

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 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.

Check out some great resources. Click on everything that is bold and underlined to take you to the site for the information.

On my website you canrequest a home valuation, sign-up for email alerts, search for a home anytime.

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

Fox Valley home prices July 20th. 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 25th

Fox Valley home prices February 25th. Weather here in the Fox Valley area of Illinois is like being on a roller coaster. This next week we will go from 40° to 60° back to 40° again.

New listings are down. 120 this week compared to 169 the previous week.

Closed listings are up. 103 this week compared to 88 the previous week.

Aurora-New 16 $135,000-$710,000

Closed-10 $160,000-$701,000

Naperville-New 19 $450,000-$3,250,000

Closed-12 $345,000-$1,560,000

Plainfield-New 24 $220,000-$595,000

Closed-18 $234,000-$649,900

Yorkville-New 1 $669,000

Closed-10 $330,000-$550,500

Click on the photo above to see other communities that had activity this week. We are just highlighted the communities with the most activity.

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

Median list price this week $400,000, last week $399,990

Closed median price this week $385,000, last week $339,000.

Stats 022523 — Stats for week ending February 25th

Conventional financing was used to close on 70 homes this week at median price $386,500 with 46 days average market time, last week 61 homes at median price $335,000 with 65 days average market time.

Conv 022523 — Conventional financing used to close for week ending February 25th

Cash was used to close on 13 homes this week at median price $415,000 with 45 days average market time, last week 19 homes at median price $270,000 with 69 days average market time.

Cash 022523 — Cash used to close for week ending February 25th

FHA financing was used to close on 12 homes this week with median price $299,500 with 70 days average market time, last week 6 homes at median price $306,500 with 72 days average market time.

FHA 022523 — FHA financing used to close for week ending February 25th

VA financing was used to close on 8 homes this week at median price $465,000 with 46 days average market time, last week 1 homes $423,990 with 53 days average market time.

VA 022523 — VA financing used to close for week ending February 25th

2,000 square feet or more closed on 63 homes this week at median price $450,000 with 58 days average market time, last week 51 homes at median price $450,000 with 63 days average market time. Minimum price this week $245,000, last week $108,000.

2000 SF or more 022523 — 2,000 SF or more closed for week ending February 25th

Conventional financing continues to be the financing to use. We will see if lowering the MIP for FHA loans March 20th will have an impact. Stay tuned.

Under contract this week

Homes that went under contract this week are slightly up. 166 this week compared to 152 the previous week.

Aurora-27 Bolingbrook-11

Naperville-23 Oswego-15

Plainfield-24 Yorkville-11

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. 2 with a kick-out clause of 72 hours and 3 with 48 hours.

Also, seller’s accepted contract that are contingent on the buyer selling and closing on their current home. 3 with a kick-our clause of 72 hours and 1 with 48 hours.

Homes that went under contract this week had a median price $377,400 with 45 days average market time, last week median price $391,950 with 54 days average market time.

Under contract 022523 — Under contract for week ending February 25th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 503 382 642

Totals 986 708 1112

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

Resources

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

Check with your loan officer for the interest rate you will be offered. Looking at the current rate is fine but you need to know what interest rate you will be offered. It depends on a few things. One of them is your credit score.

All data was provided by our MLS, MRED, LLC. It changes throughout the day.