Fox Valley home prices April 1st

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Fox Valley home prices April 1st.  We had crazy winds and 65° last night and today it is cold and going down to 27°.  Welcome to Spring!

New listings this week were consistent.  139 this week compared to 134 the previous week.

Closed listings were up.  172 this week compared to 131 the previous week.

Fox Valley home prices April 1st

Aurora-New 28 $175,000-$490,000

            Closed-16 $152,000-$661,004

Bolingbrook-New 10 $264,900-$700,000

                      Closed-16 $171,799-$596,000

Montgomery-New 1 $239,900

                       Closed-11 $220,000-$379,900

Naperville-New 23 $365,000-$2,990,000

                  Closed-22 $335,000-$1,614,800

Oswego-New 7 $299,900-$1,395,000

              Closed-16 $245,000-$1,600,000

Plainfield-New 25 $240,000-$649,900

                 Closed-31 $270,000-$650,000

new listing price 4 1 23
New listings for week ending April 1st
closed listing price 4 1 23
Closed listings for week ending April 1st

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

Median list price this week $395,000, last week $420,000.

Closed median price this week $391,950, last week $405,000.

Stats 040123
Stats for week ending April 1st

Conventional financing was used to close on 116 homes this week at median price $412,495 with 49 days average market time, last week 90 homes at median price $417,500 with 50 days average market time.

Conv 040123
Conventional financing used to close for week ending April 1st

Cash was used to close on 25 homes this week at median price $366,000 with 37 days average market time, last week 23 homes at median price $399,990 with 56 days average market time.

Cash 040123
Cash used to close for week ending April 1st

FHA financing was used to close on 27 homes this week at median price $320,000 with 38 days average market time, last week 11 homes at median price $325,000 with 46 days average market time.

FHA 040123
FHA financing used to close for week ending April 1st

VA financing was used to close on 3 homes this week at median price $400,000 with 102 average market time, last week 6 homes with median price $378,000 with 49 days average market time.

VA 040123
VA financing used to close for week ending April 1st

2,000 square feet or more closed on 99 homes at median price $462,000 with 58 days average market time, last week 69 homes at median price $470,000 with 58 days average market time.  Minimum price this week $270,000, last week $195,000.

2000 SF or more 040123
2,000 SF or more closed for week ending April 1st

About 67% of homes closed this week used Conventional financing and about 57% were 2,000 SF or more.

Under contract this week

Homes that went under contract this week are consistent.  204 this week compared to 197 the previous week.

Fox Valley home prices April 1st-Under contract this week

Aurora-35                         Batavia-10

Bolingbrook-23                Naperville-28

Oswego-16                       Plainfield-27

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.  2 with a kick-out clause of 72 hours and 3 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause o 48 hours.

Median prices of homes that went under contract this week $410,000 with 45 days average market time, last week median price $400,000 with 60 days average market time.

Under contract 040123
Homes that went under contract for week ending April 1st

2023 by the month and a look back at 2022 and 2021

2023

Month                 New   Closed   Under contract

January                483        326            470

February              630        526            789

March                   555        558            726

Totals                  1668       1410          1985

2022

January                 422        492           623

February               523        520           724

March                    734        904          890

Totals                   1679       1916         2237

2021

January                 543        649           829

February               561         604           778

March                   993        1099         1455

Totals                 2097        2352         3062

New listings continue to decrease.

Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois.

Resources

Click on each bullet point that is underlined to take you to the site for the information.

All data is provided by our MLS, MRED, LLC.  The data changes throughout the day.

Contact us

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

Fox Valley home prices April 1st.  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

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