Fox Valley home prices December 14th

Posted on December 14, 2024December 14, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 14th

Fox Valley home prices December 14th. 37 and raining today. We will go up to 46 on Monday and then downhill from there to a high of 24. Not bad for a couple of weeks before Christmas.

New listings this week are way down. 95 this week compared to 121 the previous week.

Closed listings are up. 171 this week compared to 159 the previous week.

Here are the communities with the most activity this week.

Aurora New-11 $179,900-$539,681

Closed-16 $135,000-$691,329

Bolingbrook New-7 $334,900-$650,000

Closed-12 $226,000-$909,742

Elgin New-6 $250,000-$495,000

Closed-14 $195,000-$768,000

Naperville New-10 $479,900-$975,000

Closed-18 $390,000-$1,755,000

Oswego New-8 $350,000-$643,490

Closed-11 $290,000-$625,770

Plainfield New-20 $345,000-$839,000

Closed-24 $308,000-$830,303

South Elgin New-1 $239,000

Closed-13 $267,000-$807,345

St Charles New-5 $340,000-$1,550,000

Closed-14 $260,000-$874,000

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

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

Median list price this week $435,720, last week $435,995.

Closed median price this week $435,000, last week $423,255.

Stats 121424 — Stats for week ending December 14th

Conventional financing was used to close on 131 homes this week at median price $435,000 with 55 days average market time, last week 118 homes at median price $419,127 with 36 days average market time.

Conv 121424 — Conventional financing used to close for week ending December 14th

Cash was used to close on 24 homes this week at median price $512,500 with 33 days average market time, last week 27 homes at median price $440,000 with 48 days average market time.

Cash 121424 — Cash used to close for week ending December 14th

FHA financing was used to close on 10 homes this week at median price $357,500 with 32 days average market time, last week 11 homes at median price $350,000 with 25 days average market time.

FHA 121424 — FHA financing used to close for week ending December 14th

VA financing was used to close on 4 homes this week at median price $438,750 with 98 days average market time, last week 2 homes at median price $351,500 with 34 days average market time.

VA 121424 — VA financing used to close for week ending December 14th

2,000 SF or more closed on 100 homes this week at median price $525,000 with 54 days average market time, last week 89 homes at median price $519,500 with 41 days average market time. Minimum price this week $300,000, last week $317,000.

2000 SF or more 121424 — 2,000 SF or more closed for week ending December 14th

Every week the inventory of homes is different.

This week over 76 percent of homes used conventional financing to close on a home. As long as we are in a seller’s market I do not see this changing.

Under contract this week

Homes that went under contract this week are up slightly. 126 this week compared to 107 the previous week.

Aurora-14 Elgin-13

Naperville-11 Plainfield-13

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

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 4 with 48 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 and also 2 with 48 hours.

Median price of homes that went under contract this week $388,450 with 54 days average market time, last week $429,900 with 65 days average market time.

Under contract stats 121424 — Under contract stats for week ending December 14th

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 587 659 601

December 216 330 333

Totals 9471 8714 9284

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 also take a look back at 2023 and 2022.

Contact us

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

Click on everything that is bold and underlined to take you to this information.

You can also request a home valuation, sign-up for email alerts, and search for a home anytime.

There is a big difference between a home inspection, city/village inspection, and appraisal. Please ask me to explain it to you. There is a lot to go over. You need to take the time and let us explain the process to you.

All data provided today was downloaded from our MLS MRED, LLC. It changes throughout the day as agents upload their information.

Fox Valley home prices December 14th. 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 December 7th

Posted on December 7, 2024December 7, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 7th

Fox Valley home prices December 7th. 45 for a high today and partly cloudy. This next week it will range from 23 for a high to 51. Up and down all week. That is some pretty good temps for our area in December.

New listings this week are up. 121 this week compared to 83 the week before. Last week was Thanksgiving week so it was a short week.

Closed listings are up slightly. 159 this week compared to 149 the previous week.

Here is the communities with the most activity this week in the Fox Valley area of Illinois.

Aurora New-15 $179,999-$985,913

Closed-21 $205,000-$563,040

Bolingbrook New-8 $249,900-$559,000

Closed-12 $299,900-$1,029,967

Elgin New-9 $265,000-$617,990

Closed-10 $215,000-$520,000

Naperville New-11 $437,900-$639,500

Closed-22 $277,000-$1,457,517

Plainfield New-16 $345,000-$659,900

Closed-18 $235,000-$661,000

St Charles New 3 $799,900-$1,100,000

Closed-11 $390,000-$1,200,000

Sycamore New-11 $215,000-$469,940

Closed-4 $248,000-$375,000

Look at the photo above to see the other communities that had activity this week and their price ranges.

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

Median list price this week $435,995, last week $434,945.

Closed median price this week $423,255, last week $434,990.

Stats 120724 — Stats for week ending December 7th

Conventional financing was used to close on 118 homes this week at median price $419,127 with 36 days average market time, last week 116 homes at median price $455,945 with 46 days average market time.

Conv 120724 — Conventional financing used to close for week ending December 7th

Cash was used to close on 27 homes this week at median price $440,000 with 48 days average market time, last week 17 homes at median price $460,000 with 64 days average market time.

Cash 120724 — Cash used to close for week ending December 7th

FHA financing was used to close on 11 homes this week at median price $350,000 with 25 days average market time, last week 14 homes at median price $377,500 with 29 days average market time.

FHA 120724 — FHA financing used to close for week ending December 7th

VA financing was used to close on 2 homes this week at median price $351,500 with 34 days average market time, last week 2 homes at median price $354,999 with 13 days average market time.

VA 120724 — VA financing used to close for week ending December 7th

2,000 SF or more closed on 89 homes at median price $519,500 with 41 days average market time, last week 89 homes at median price $559,900 with 53 days average market time. Minimum price this week $317,000, last week $245,000.

2000 SF or more 120724 — 2,000 SF or more closed for week ending December 7th

74 percent of homes closed this week used conventional financing. Median list price this week was consistent and median closed price went up slightly. A little over half of the homes closed this week were at least 2,000 Square feet or more.