Fox Valley home prices March 25th
Fox Valley home prices March 25th. We had flurries this morning, but the rest of the week will be in the upper 40’s and up to 63 on Friday.
New listings are consistent. 134 this week compared to 137 the previous week.
Closed listings are also consistent. 131 this week compared to 137 the previous week.
Aurora-New 20 $169,000-$625,000
Bolingbrook-New 11 $249,900-$439,000
Naperville-New 33 $335,000-$1,450,000
Oswego-New 7 $190,000-$725,000
Plainfield-New 21 $250,000-$762,900
St Charles-New 10 $219,900-$2,100,000
Financing used, median prices, and 2,000 SF or more
Median list price this week $420,000, last week $399,900
Closed median price this week $405,000, last week $360,000
Conventional financing was used to close on 90 homes this week with a median price $417,500 with 50 days average market time, last week 105 homes at median price $392,000 with 61 days average market time.
Cash was used to close on 23 homes this week at median price $399,990 with 56 days average market time, last week 15 homes at median price $280,000 with 41 days average market time.
FHA financing was used to close on 11 homes this week at median price $325,000 with 46 days average market time, last week 13 homes at median price $265,000 with 48 days average market time.
VA financing was used to close on 6 homes this week at median price $378,000 with 49 days average market time, last week 4 homes at median price $437,500 with 35 days average market time.
2,000 square feet or more closed on 69 homes this week at median price $470,000 with 58 days average market time, last week 79 homes at median price $476,500 with 64 days average market time. Minimum price this week $195,000, last week $140,000.
Almost 69% of homes closed using Conventional financing.
Homes under contract this week
Homes that went under contract this week are up. 197 this week compared to 153 the previous week.
One short sale was accepted this week. 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. 2 each with a kick-out clause of 72 hours, 48 hours and also 24 hours.
Also, sellers accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.
Median price of homes that went under contract this week $400,000 with 60 days average market time, last week median price $389,900 with 46 days average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 630 526 789
March 416 386 522
Totals 1529 1238 1781
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 can see how this year is going.
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All data is provided today is from our MLS, MRED, LLC. It changes throughout the day.
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Fox Valley home prices March 25th. 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