Fox Valley home prices July 8th

Posted on July 8, 2023July 8, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices July 8th

Fox Valley home prices July 8th. We are finally getting some rain. Temperatures for the next couple of weeks will be in the 80’s during the day and mid 60’s at night.

New listings this week are pretty consistent for a holiday week. 175 this week compared to 184 the previous week.

Closed listings are down. 173 this week compared to 258 the previous week.

Aurora- New-27 $225,000-$850,000

Closed-28 $145,000-$680,000

Bolingbrook-New 11 $230,000-$534,900

Closed-11 $255,000-$609,000

Geneva- New 6 $275,000-$799,900

Closed-10 $326,000-$1.275,000

Naperville-New 33 $359,900-$1,365,000

Closed-27 $405,000-$2,210,000

Plainfield-New 27 $175,000-$795,000

Closed-17 $225,000-$1,250,000

St Charles-New 21 $199,900-$1,695,000

Closed-14 $210,000-$1,670,000

Yorkville-New 10 $299,900-$774,900

Closed-12 $235,000-$561,000

Usually when it is a holiday week things are slower.

Click on the photo above to see 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 $423,384, last week $439,450.

Closed median price this week $420,000, last week $435,000

Stats 070823 — Stats for week ending July 8th

Conventional financing was used to close on 137 homes this week at median price $445,000 with 29 days average market time, last week 197 homes at median price $451,000 with 24 days average market time.

Conv 070823 — Conventional financing used to close for week ending July 8th

Cash was used to close on 19 homes this week at median price $442,000 with 12 days average market time, last week 39 homes at median price $445,000 with 26 days average market time.

Cash 070823 — Cash used to close for week ending July 8th

FHA financing used to close on 12 homes this week at median price $328,000 with 4 days average market time, last week 16 homes at median price $302,500 with 33 days average market time.

FHA 070823 — FHA financing used to close for week ending July 8th

VA financing was used to close on 4 homes this week at median price $290,000 with 28 days average market time, last week 5 homes at median price $350,000 with 10 days average market time.

VA 070823 — VA financing used to close for week ending July 8th

2,000 square feet or more closed on 97 homes at median price $515,000 with 32 days average market time, last week 162 homes at median price $542,500 with 29 days average market time. Minimum price this week $284,000, last week $272,000.

2000 SF or more 070823 — 2,000 SF or more closed for week ending July 8th

79% of homes closed using Conventional financing this week.

Under contract this week

Homes that went under contract this week are consistent. 186 compared to 195 the previous week.

Aurora-28 Batavia-10

Bolingbrook-12 Naperville-28

Plainfield-30 St Charles-13

Yorkville-12

1 short sale was accepted by a seller. It was in Montgomery. 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. 3 with a kick-out clause of 72 hours, 5 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 each with a kick-out clause of 72, 48, and 24 hours.

Median price for homes that went under contract this week $400,000 with 30 days average market time, last week $412,00 with 24 days average market time.

Under contract 070823 — Under contract for the week ending July 8th

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 175 173 186

Totals 4318 3862 4668

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 2022 and 2021 so you have something to compare to.

Resources

Click on everything that is bold and underlined to take you to the site for the information.

If you are thinking about selling a home request a home valuation and we will give you an estimate of what it might sell for in today’s market and provide you with a net proceeds that shows you what you might walk away with at closing.

Sign-up for email alerts so you will get email with homes that you might want to take a look at.

You can always search for a home anytime.

All data provided is 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 July 8th. 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 June 24th

Posted on June 24, 2023June 24, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 24th

Fox Valley home prices June 24th. It is a hot one today! Hopefully we might see some rain in the next couple of days. Mid 80’s during the day and mid 60’s at night for the next couple of weeks . It is severely dry here.

New listings this week are consistent. 204 this week compared to 199 the previous week.

Closed listings are down. 164 this week compared to 229 the previous week.

Aurora-New 26 $200,000-$1,250,000

Closed-21 $175,000-$590,000

Bolingbrook-New 28 $239,900-$848,500

Closed-21 $200,000-$775,000

Naperville-New 39 $350,000-$1,375,000

Closed-29 $250,000-$2,075,000

Plainfield-New 26 $297,900-$1,350,000

Closed-20 $303,000-$676,430

St Charles-New 16 $297,000-$1,395,000

Closed-10 $251,500-$715,000

Out of the 25 communities with activity this week. These are the ones that are most active. Click on photo above to see the other communities.

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

Median list price this week $439,450, last week $448,542.

Closed median price this week $435,000, last week $450,000.

Stats 062423 — Stats for week ending June 24th

Conventional financing was used to close on 113 homes this week at median price $455,000 with 20 days average market time, last week 169 homes at median price $458,000 with 21 days average market time.

Conv 062423 — Conventional financing used to close for week ending June 24th

Cash was used to close on 31 homes at median price $445,000 with 17 days average market time, last week 34 homes at median price $509,250 with 24 days average market time.

Cash 062423 — Cash used to close for week ending June 24th

FHA financing was used to close on 17 homes this week with median price $338,000 with 29 days average market time, last week 17 homes at median price $350,000 with 31 days average market time.

FHA 062423 — FHA financing used to close for week ending June 24th

VA financing was used to close on 3 homes this week at median price $335,000 with 14 days average market time, last week 7 homes at median price $495,000 with 14 days average market time.

VA 062423 — VA financing was used to close for week ending June 24th

2,000 square feet or more closed on 97 homes this week at median price $510,000 with 24 days average market time, last week 160 homes at median price $520,000 with 25 days average market time. Minimum price this week $250,000, last week $238,000.

2000 SF or more 062423 — 2,000 SF or more for week ending June 24th

Conventional financing continues to be the most used financing at just under 70% this week.