Fox Valley home prices November 16th

Posted on November 16, 2024November 16, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 16th

Fox Valley home prices November 16th. Cloudy day today in the 50’s. This next week we will see between 40 degrees to 60 for highs and lows from 54 to 31 degrees.

New listings this week are down. 166 this week compared to 191 the previous week.

Closed listings are up. 169 this week compared to 143 the previous week.

Here are the communities with the most activity this week.

Aurora-New 14 $69,000-$819,900

Closed-28 $145,000-$1,025,000

Bolingbrook-New 9 $320,000-$539,900

Closed-14 $270,000-$531,000

Elgin-New 13 $159,900-$629,990

Closed-16 $260,000-$678,280

Naperville-New 18 $349,900-$1,250,000

Closed-11 $400,000-$1,150,000

Plainfield-New 27 $354,900-$812,000

Closed-31 $270,000-$952,000

St Charles-New 10 $299,900-$874,900

Closed-11 $235,270-$985,000

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 $449,000, last week $448,350.

Closed median price this week $417,500, last week $445,000.

Stats 111624 — Stats for week ending November 16th

Conventional financing used to close on 123 homes this week at median price $437,200 with 42 days average market time, last week 112 homes at median price $475,000 with 39 days average market time.

Conv 111624 — Conventional financing used to close for week ending November 16th

Cash was used to close on 24 homes this week at median price $401,000 with 32 days average market time, last week 23 homes at median price $376,000 with 26 days average market time.

Cash 111624 — Cash used to close for week ending November 16th

FHA financing was used to close on 15 homes this week at median price $375,000 with 22 days average market time, last week 6 homes at median price $330,000 with 48 days average market time.

FHA 111624 — FHA financing used to close for week ending November 16th

VA financing used to close on 7 homes this week at median price $490,000 with 37 days average market time. last week 1 home at $490,000 with 4 days average market time.

VA 111624 — VA financing used to close for week ending November 16th

2,000 SF or more closed on 100 homes this week at median price $512,111 with 45 days average market time, last week 92 homes at median price $528,000 with 48 days average market time. Minimum price this week $275,000, last week $680? (mistake that wasn’t corrected).

2000 SF or more 111624 — 2,000 SF or more closed for week ending November 16th

Over 72 % of homes closed this week used conventional financing. 59% of homes closed this week were at least 2,000 SF or more.

Under contract this week

Homes that went under contract this week are consistent. 168 this week compared to 163 the previous week.

Aurora-22 Bolingbrook-10

Elgin-22 Naperville-20

Plainfield-19 St Charles-14

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. 6 with a kick-out clause of 48 hours and 3 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 1 with 24 hours.

Median price of homes that went under contract this week $399,000 with 48 days average market time, last week median price was $435,000 with 58 days average market time.

Under contract stats 111624 — Under contract stats for week ending November 16th

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 357 312 331

Totals 9025 8037 8681

There is activity every month of the year.

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 2023 and 2022.

Contact us

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

Check out some great information by clicking on everything that is bold and underlined. It will take you to the information. If you are looking for other information not listed let us know and we will point you in the right direction.

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

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

Fox Valley home prices November 16th. 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 26th

Posted on October 26, 2024October 26, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices October 26th

Fox Valley home prices October 26th. It is a gorgeous fall day today. Sunny and 60 for a high. This next week it will range from 50-81.

New listings this week are down. 175 this week compared to 214 the previous week.

Closed listings are up. 183 this week compared to 150 the previous week.

Here are the communities with the most activity this week.

Aurora-New 15 $194,900-$738,000

Closed-21 $212,500-$825,000

Bolingbrook-New 9 $255,000-$795,000

Closed-10 $250,000-$522,500

Elgin-New 15 $134,900-$760,000

Closed-21 $151,000-$707,755

Geneva-New 3 $339,000-$699,900

Closed-10 $330,000-$750,000

Naperville-New 22 $449,900-$1,495,000

Closed-30 $334,000-$1,251,000

Plainfield-New 22 $300,000-$859,000

Closed-23 $277,500-$770,214

St Charles-New 13 $215,000-$875,000

Closed-16 $200,000- $1,150,000

Yorkville-New 10 $335,000-$649,000

Closed-8 $399,900-$605,000

Other communities had activity this week. Look at the photo above for their price ranges.

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

Median list price this week $444,995, last week $439,250.

Closed median price this week $435,000, last week $420,250.

Stats 102624 — Stats for week ending October 26th

Conventional financing was used to close on 135 homes this week at median price $456,990 with 30 days average market time, last week 109 homes at median price $447,700 with 44 days average market time.

Conv 102624 — Conventional financing used to close for week ending October 26th

Cash was used to close on 27 homes this week at median price $369,900 with 20 days average market time, last week 18 homes at median price $415,000 with 23 days average market time.

Cash 102624 — Cash used to close for week ending October 26th

FHA financing was used to close on 14 homes this week at median price $362,500 with 53 days average market time, last week 17 homes at median price $360,000 with 24 days average market time.

FHA 102624 — FHA financing used to close for week ending October 26th

VA financing was used to close on 6 homes this week at median price $410,000 with 23 days average market time, last week 4 homes at median price $452,250 with 29 days average market time.

VA 102624 — VA financing used to close for week ending October 26th

2,000 SF or more closed on 107 homes this week at median price $530,000 with 36 days average market time, last week 80 homes at median price $515,000 with 53 days average market time. Minimum price this week $193,000, last week $300,000.

2000 SF or more 102624 — 2,000 SF or more closed for week ending October 26th

There were more cash deals closed this week than FHA. Conventional continues to be the way to go if you are using financing to close.