Fox Valley home prices October 21st

Posted on October 21, 2023October 21, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices October 21st

Fox Valley home prices October 21st. Mid 60’s until Tuesday it will get up to 77, and then the next week we will get into the mid 40’s.

New listings this week are up. 165 this week compared to 128 the previous week.

Closed listings are also up. 152 this week compared to 115 the previous week.

Aurora-New 19 $60,000-$609,000

Closed-18 $215,000-$1,050,000

Bolingbrook-New 14 $270,000-$889,000

Closed-8 $294,000-$540,000

Elburn-New 10 $409,900-$525,000

Closed-2 $245,000-$415,000

Naperville-New 25 $339,000-$1,799,000

Closed-20 $325,000-$1,287,500

Oswego-New 13 $300,000-$574,000

Closed-11 $235,000-$567,990

Plainfield-New 18 $315,000-$725,000

Closed-27 $274,900-$737,289

St Charles-New 16 $315,000-$2,100,000

Closed-13 $275,000-$975,000

Yorkville-New 10 $315,000-$639,900

Closed-11 $213,000-$512,521

These are not the only communities to have activity this week. Click on the photo above to see what other communities had activity and their price ranges. You might find what you are looking for.

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

Median list price this week $420,000, last week $395,000.

Closed median price this week $425,000, last week $385,000.

Stats 102123 — Stats for week ending October 21st.

Conventional financing was used to close on 112 homes this week at median price $457,500 with 28 days average market time, last week 87 homes at median price $390,000 with 31 days average market time.

Conv 102123 — Conventional financing used to close for week ending October 21st.

Cash used to close on 18 homes this week at median price $436,000 with 31 days average market time, last week 18 homes at median price $377,500 with 37 days average market time.

Cash 102123 — Cash used to close for week ending October 21st.

FHA financing was used to close on 17 homes this week at median price $315,000 with 36 days average market time, last week 6 homes at median price $374,500 with 25 days average market time.

FHA 102123 — FHA financing used to close for week ending October 21st.

VA financing was used to close on 5 homes this week at median price $408,000 with 20 days average market time, last week 4 homes at median price $370,000 with 19 days average market time.

VA 102123 — VA financing used to close for week ending October 21st.

2,000 SF or more closed on 102 homes this week at median price $493,500 with 31 days average market time, last week 55 homes at median price $545,000 with 42 days average market time. Minimum price this week $269,000, last week $310,000.

2000 SF or more 102123 — 2000 SF or more closed for week ending October 21st.

Conventional financing continues to be the financing seller’s are wanting to accept.

So many people refinanced and have great low rates that might be assumable. You need to check that out. You might be able to market that and still move and get a good rate on the home you purchase. Some of these cash buyers might want to consider that.

Under contract this week

Homes that went under contract this week are down slightly. 125 this week compared to 136 the previous week.

Aurora-22 Naperville-16

Plainfield-17

1 short sale was accepted by a seller this week. It was in Aurora, 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. 1 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 buyers selling and closing on their current home. 7 with a kick-out clause of 48 hours.

Median price of homes that went under contract this week $400,000 with 44 days average market time, last week $389,950 with 37 days average market time.

Under contract stats 102123 — Under contract stats for week ending October 21st.

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 735 603 816

June 1030 1059 926

July 765 745 805

August 869 988 915

September 684 621 623

October 484 419 417

Totals 6945 6462 7242

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 it to.

Resources

Click on each bullet point and anything that is bold and underlined to take you to the site for the information. If you are not finding what you are looking for just let us know. We will point you in the right direction.

Check with your lender to see if your loan is assumable if you are thinking about selling.

Clean, pack up, and paint to make your home feel nice and fresh if you are thinking about selling.

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 October 21st. 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 October 7th

Posted on October 9, 2023October 9, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices October 7th

bhfv Cover 050623 Fox Valley home prices October 7th. Temperatures have certainly changed since we changed to the fall season. 50’s for a high and we have seen some mid 30’s for a low.

New listings this week are up. 191 this week compared to 159 the previous week.

Closed listings are down. 152 this week compared to 205 the previous week.

Aurora-New 34 $130,000-$653,000

Closed-25 $180,000-$560,000

Bolingbrook-New 10 $264,900-$589,999

Closed-17 $185,570-$585,000

Naperville-New 33 $399,000-$2,499,000

Closed-17 $372,500-$1,330,000

Oswego-New 8 $319,900-$899,000

Closed-10 $315,000-$565,000

Plainfield-New 36 $245,000-$849,900

Closed-13 $220,000-$790,000

St Charles-New 9 $319,900-$711,900

Closed-10 $327,500-$1,050,000

Yorkville-New 5 $374,990-$575,000

Closed-12 $294,000-$535,000

Other communities had activity. Look at the photo above to see what price ranges are in those communities.

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

Median list price this week $409,900, last week $414, 520.

Median closed price this week $394,950, last week $405,000

Stats 100723 — Stats for week ending October 7th

Conventional financing was used to close on 108 homes this week at median price $403, 750 with 26 days average market time, last week 150 homes at median price $410,000 with 32 days average market time.

Conv 100723 — Conventional financing used to close for week ending October 7th

Cash was used to close on 17 homes at median price $415,000 with 26 days average market time, last week 28 homes at median price $414,950 with 30 days average market time.

Cash 100723 — Cash used to close for week ending October 7th

FHA financing was used to close on 19 homes this week at median price $305,000 with 23 days average market time, last week 16 homes at median price $322,495 with 33 days average market time.

FHA 100723 — FHA financing used to close for week ending October 7th

VA financing was used to close on 6 homes at median price $473,530 with 14 days average market time, last week 8 homes at median price $467,450 with 21 days average market time.

VA 100723 — VA financing used to close for week ending October 7th

2,000 SF or more closed on 90 homes this week at median price $472,500 with 29 days average market time, last week 114 homes at median price $517,495 with 21 days average market time. Minimum price this week $235,000, last week $290,000.

2000 SF or more 100723 — 2,000 SF or more for week ending October 7th

Conventional financing you can see is still the most used to close on a home. Will we start talking about assuming mortgages if the interest rates keep going up?