Fox Valley home prices May 19th

Posted on May 19, 2024May 19, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 19th

Fox Valley home prices May 19th. We are a day late this week. I was out of town. Boy, the heat is on. It sure was a hot weekend. We should head back to the 70’s after Tuesday.

New listings are up. 255 this week compared to 205 the previous week.

Closed listings are also up. 207 this week compared to 163 the previous week.

Aurora-New 22 $190,000-$899,000

Closed-26 $160,500-$551,111

Batavia-New 17 $315,000-$760,000

Closed-6 $305,000-$630,000

Bolingbrook-New 12 $229,900-$649,900

Closed-12 $195,000-$665,000

Elgin-New 23 $79,900-$699,900

Closed-22 $170,000-$800,000

Naperville-New 40 $325,000-$4,345,000

Closed-33 $395,000-$1,499,000

Oswego-New 10 $350,000-$565,000

Closed-18 $299,000-$586,398

Plainfield-New 32 $325,000-$730,000

Closed-24 $291,000-$1,042,212

South Elgin-New 11 $249,000-$659,340

Closed-6 $405,000-$550,730

St Charles-New 18 $315,000-$1,275,000

Closed-10 $295,000-$1,025,000

West Chicago-New 10 $185,000-$1,475,000

Closed-3 $355,000-$661,000

Yorkville-New 16 $304,900-$1,490,000

Closed-7 $290,000-$445,000

Other communities had activity this week. You can see those in the picture above. We just highlighted the ones with the most activity.

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

Median list price this week $462,945, last week $474,950.

Closed median price this week $428,000, last week $434,900.

Stats 051924 — Stats for week ending May 19th

Conventional financing was used to close on 149 homes this week at median price $439,900 with 31 days average market time, last week 128 homes at median price $469,995 with 29 days average market time.

Conv 051924 — Conventional financing used to close for week ending May 19th

Cash was used to close on 36 homes this week at median price $475,000 with 43 days average market time, last week 19 homes at median price $409,000 with 13 days average market time.

Cash 051924 — Cash used to close for week ending May 19th

FHA financing was used to close on 14 homes this week at median price $343,445 with 10 days average market time, last week 11 homes at median price $332,000 with 28 days average market time.

FHA 051924 — FHA financing used to close for week ending May 19th

VA financing was used to close on 8 homes this week at median price $406,750 with 14 days average market time, last week 5 homes at median price $379,990 with 15 days average market time.

VA 051924 — VA financing used to close for week ending May 19th

2,000 SF or more closed on 122 homes this week at median price $527,500 with 35 days average market time, last week 89 homes at median price $529,900 with 37 days average market time. Minimum price this week $305,000, last week $270,000.

2000 SF or more 051924 — 2,000 SF or more closed for week ending May 19th

Conventional financing is still the way to go.

Under contract this week

Homes under contract this week are up slightly. 229 this week compared to 211 this week.

Aurora-26 Bolingbrook-17

Elgin-22 Geneva-13

Naperville-36 Oswego-14

Plainfield-27 St Charles-15

Look at the photo above for other communities that had seller’s accept contracts.

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 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 6 with a kick-out clause of 48 hours.

Median price of homes under contract this week $469,500 with 26 days average market time, last week $460,000 with 35 days average market time.

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 665 621 663

Totals 3352 2860 3546

Check back with us every Saturday(on our normal day) 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 2023 and 2022 so you can compare.

Contact us

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

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

If you are looking for any other information just let us know.

Fox Valley home prices May 19th. 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 11th

Posted on May 11, 2024May 11, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 11th

Fox Valley home prices May 11th. It is a gorgeous day today and it looks like it will be from low 60’s to 80 for the next week.

New listings this week are the same. 205 this week compared to 205 the previous week.

Closed listings are way down. 163 this week compared to 251 the previous week.

Aurora-New 21 $190,000-$659,900

Closed-18 $156,100-$752,864

Bolingbrook-New 12 $315,00-$600,000

Closed-11 $230,000-$525,000

Elgin-New 13 $275,000-$975,995

Closed-22 $255,000-$890,000

Geneva-New 13 $339,900-$949,900

Closed-4 $255,000-$1,100,000

Naperville-New 36 $349,000-$1,635,600

Closed-26 $426,000-$1,275,000

Plainfield-New 33 $314,900-$989,900

Closed-13 $300,000-$708,475

St Charles-New 16 $400,000-$3,250,000

Closed-8 $275,000-$690,000

To see the other communities that had activity this week look at the photo above.

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

Median list price this week $474,950, last week $454,995.

Closed median price this week $434,900, last week $456,000.

Stats 051124 — Stats for week ending May 11th

Conventional financing was used to close on 128 homes this week at median price $469,995 with 29 days average market time, last week 196 homes at median price $475,000 with 27 days average market time.

Conv 051124 — Conventional financing used to close for week ending May 11th

Cash was used to close on 19 homes this week at median price $409,000 with 13 days average market time, last week 26 homes at median price $385,750 with 30 days average market time.

Cash 051124 — Cash used to close for week ending May 11th

FHA financing was used to close on 11 homes this week at median price $332,000 with 28 days average market time, last week 18 homes at median price $338,000 with 16 days average market time.

FHA 051124 — FHA financing used to close for week ending May 11th

VA financing was used to close on 5 homes at median price $379,990 with 15 days average market time, last week 10 homes at median price $414,500 with 24 days average market time.

VA 051124 — VA financing used to close for week ending May 11th

2,000 SF or more closed on 89 homes this week at median price $529,900 with 37 days average market time, last week 162 homes at median price $535,250 with 29 days average market time. Minimum price this week $270,000, last week $210,000.

2000 SF or more 051124 — 2,000 SF or more closed for week ending May 11th

Conventional financing again continues to be the way to go.