Fox Valley area of Illinois home prices January 24th
Fox Valley area of Illinois home prices January 24th. It is 4 degrees right now and cloudy. We should see highs from 6-24 degrees and lows from -5-14 degrees this next week.
New listings this week 108 and closed listings 94.
Aurora New-19 $195,000-$800,000
Closed-12 $211,000-$1,135,000
Bolingbrook New-11 $289,000-$635,000
Closed-8 $300,000-$500,000
Elgin New-15 $109,600-$700,000
Closed-9 $254,900-$950,000
Naperville New-12 $438,000-$999,900
Closed-8 $306,000-$1,300,000
Plainfield New-12 $349,990-$750,000
Closed-13 $345,000-$868,879
Other communities had activity this week. Look at photo above to see their price ranges.
If you are not seeing the price range you are looking for in the community you are looking at, you might want to broaden your search to surrounding communities.
Financing used, median price, and 2,000 SF or more
Median list price $449,450 and closed median price $447,342
Conventional financing was used to close on 71 homes at median price $449,990 with 54 days average market time.
Cash was used to close on 13 homes this week at median price $500000 with 50 days average market time.
FHA financing was used to close on 7 homes this week at median price $355,000 with 95 days average market time.
VA financing was used to close on 4 homes at median price $417,495 with 118 days average market time.
2,000 SF or more closed on 52 homes this week at median price $559,237 with 66 days average market time. Minimum price this week $350,000.
Over 75% of homes closed this week used conventional financing and over 55% of homes closed were at least 2,000 SF or more.
Under contract this week
152 homes went under contract this week.
Aurora-16 Bolingbrook-14
Elgin-18 Naperville-17
Plainfield-19 St Charles-12
Yorkville-10
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that were contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours, and 1 with 24 hours.
Under contract median price this week $447,500 with 66 days average market time.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is out goal.
We can set you up to receive listings in real time as they hit the market or you can sign up for email alerts.
You can also go to request a home valuation if you are thinking about selling and want to know what your home is worth in today’s market.
If you are looking for information about the process whether you are a buyer or seller you can go to nar.realtor/the-facts and scroll down to see the guides and videos.
Looking for help with the process go to down payment assistance and IHDA programs to see if any help is available to you.
You can always go to search for a home.
All data used to day was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices January 24th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SFR, SRES, SRS
200 Webster St
Montgomery, IL 60537
630-503-6555 Ext 101