Fox Valley area of Illinois home prices January 10th
Fox Valley area of Illinois home prices January 10th. It is 36 degrees right now and partly sunny. This next week we should see highs from 26-47 degrees and lows from 13-31 degrees. Not too bad to be out looking at homes.
I track 32 communities every week and this week 29 of them had activity of some kind. Either new listings or closed listings. Here is some communities that had at least 10 or more homes either new or closed and their price ranges.
Aurora New-21 $174,900-$650,000
Closed-13 $192,000-$664,000
Bolingbrook New-11 $279,900-$625,000
Closed-5 $285,000-$545,000
Elgin New-12 $279,900-$849,000
Closed-6 $205,000-$539,900
Naperville New-21 $427,000-$2,599,000
Closed-10 $490,000-$1,960,000
Plainfield New-22 $299,900-$787,000
Closed-315,000-$706,000
Other communities had activity this week. Look at photo above to see their price ranges. Sometimes it helps to keep an open mind and search surrounding communities.
Financing used, median prices, and 2,000 SF or more
Median list price this week $450,999. Closed median price $405,000.
Conventional financing was used to close on 67 homes this week at median price $440,000 with 49 days average market time.
Cash was used to close on 11 homes this week at median price $565,000 with 72 days average market time.
FHA financing was used to close on 6 homes this week at median price $331,500 with 32 days average market time.
VA financing was used to close on 4 homes this week at median price $286,500 with 26 days average market time.
48 homes closed this week that were at least 2,000 SF or more. Median price was $534,445 with 58 days average market time. Minimum price $270,000.
Conventional financing was used to close on over 76% of homes this week and over 54% of home closed were at least 2,000 SF or more.
Under contract this week
97 homes went under contract this week. Out of the 32 communities I track each week 22 communities had activity.
Here are some communities that had at least 10 or more homes go under contract.
Aurora-17 Naperville-13
Plainfield-13
1 community had a seller accept a short sale. It was in Plainfield. Now it will get submitted to the lender to see if they will also accept.
Seller’s accepted contracts that had contingencies. 1 with a kick-out clause of 72 hours on a closing of buyer’s current home and 1 each with a kick-out clause of 72 and 48 hours contingent on the buyer selling and closing on their current home. You can see that only 3 total out of 97 homes that went under contract accepted contingencies. This does not include contingencies on financing.
Median price of homes that went under contract this week was $439,900 with 74 days average market time.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Price ranges, days on market, and financing used are all important things to keep an eye on.
If you are looking for information about the process whether a buyer or seller we post this every week nar.realtor/the-facts. Scroll down to see the guides and videos. If you still have questions please let us know.
If you would like a market analysis on your home request a home valuation.
You can also sign-up for email alerts so you will know right away when a home hits the market or just go ahead and click on search for a home.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day as agents upload information.
Fox Valley area of Illinois home prices January 10th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AWHD, MRP, SFR, SRS, SRES
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101