Fox Valley area of Illinois home prices February 7th
Fox Valley area of Illinois home prices February 7th. It is 28 degrees and partly sunny right now. This next week we should see highs from 28-46 degrees and lows from 19-31 degrees. I don’t see any snow in the forecast for next week so that is good.
146 new listings this week with 94 closed.
Aurora New-23 $190,000-$799,900
Closed-12 $112,000-$467,000
Elgin New-15 $299,800-$712,444
Closed-7 $207,500-$612,000
Naperville New-20 $420,000-$1,499,900
Closed-13 $540,000-$1,030,000
Plainfield New-27 $269,900-$1,149,900
Closed-10 $259,000-$660,000
St Charles New-4 $549,900-$779,000
Closed-11 $341,500-$1,000,000
Look at photo above to see other communities and their price ranges that also had activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $476,950. Closed median price this week $435,000
Conventional financing was used to close on 64 homes at median price $460,000 with 55 days average market time.
Cash was used to close on 14 homes this week at median price $542,500 with 53 days average market time.
FHA financing was used to close on 10 homes this week at median price $343,250 with 92 days average market time.
VA financing was used to close on 5 homes this week at median price $415,000 with 22 days average market time.
2,000 SF or more closed on 55 homes this week at median price $560,000 with 60 days average market time. Minimum price this week $352,000.
Over 68% of homes closed this week used conventional financing and over 58% of homes closed were at least 2,000 SF or more.
Under contract this week
152 homes went under contract this week.
Aurora-31 Bolingbrook-11
Elgin-11 Naperville-16
Plainfield-15
Other communities had seller’s accept contracts. Look at photo above to see them.
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. 1 with a kick-out clause of 72 hours and 2 with 48 hours.
3 seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. They have a 48 hour kick-out clause.
Under contract median price this week $446,295 with 42 days average market time.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
If you are a buyer or seller looking for information about the process you can go to nar.realtor/the-facts and scroll down to see the guides and videos. If you still have questions we would be happy to explain it to you.
We can set you up to receive listings as soon as they hit the market in the price range and area you are looking for or you can sign-up for email alerts.
Are you thinking about moving? You can request a market analysis to see what it is worth in today’s market.
You can always search for a home anytime.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices February 7th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SFR, SRS, SRES
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101