Fox Valley home prices April 22nd

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Fox Valley home prices April 22nd.  We have a freeze warning tonight and we have had quite a few bad storms lately.  Next week it should be in the 50 and 60’s.  Hopefully the temps will even out soon.

New listings this week are down.  183 this week compared to 220 the previous week.

Closed listings are up.  132 this week compared to 108 the previous week.

Fox Valley home prices April 22nd

Aurora-New 22 $200,000-$675,900

             Closed-16 $179,000-$550,000

Bolingbrook-New 19 $225,000-$799,000

                      Closed-7 $200,000-$464,444

Geneva-New 16 $259,900-$1,429,900

               Closed-5 $350,000-$755,000

Naperville-New 30 $300,000-$2,340,000

                    Closed-22 $320,000-1,575,000

Plainfield-New 24 $298,500-$724,900

                  Closed-24 $250,000-$580,000

Click on the photo above to see other communities that had activity this week.  We just highlighted the ones with the most activity.

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

Median list price this week $399,000, last week $442,500.

Closed median price this week $372,500, last week $400,500.

Stats 042223
Stats for week ending April 22nd

Conventional financing was used to close on 99 homes at median price $384,765 with 44 days average market time, last week 83 homes at median price $410,000 with 45 days average market time.

Conv 042223
Conventional financing used to close for week ending April 22nd

Cash was used to close on 16 homes this week at median price $390,000 with 58 days average market time, last week 14 homes at median price $337,500 with 14 days average market time.

Cash 042223
Cash used to close for week ending April 22nd

FHA financing used to close on 10 homes at median price $226,000 with 58 days average market time, last week 8 homes at median price $344,950 with 42 days average market time.

FHA 042223
FHA financing used to close for week ending April 22nd

VA financing used to close on 5 homes this week at median price $410,000 with 76 days average market time, last week 4 homes at median price $404,820 with 21 days average market time.

VA 042223
VA financing used to close for week ending April 22nd

2,000 square feet or more closed on 65 homes at median price $470,000 with 62 days average market time, last week  67 homes at median price $455,490 with 37 days average market time.  Minimum price this week $200,000, last week $325,000.

2000 SF or more 042223
2,000 SF or more for week ending April 22nd

75% of homes closed this week used Conventional financing.

Under contract this week

Under contract this week are up.  218 this week compared to 189 the previous week.

Fox Valley home prices April 22nd-Under contract this week

Aurora-30                      Bolingbrook-17

Geneva-17                      Naperville-35

Oswego-10                     Plainfield-30

St Charles-13                  Yorkville-10

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, 4 with 48 hours, and 2 with 24 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 of 72 hours, 1 with 48 hours, and 1 with 24 hours.

Under contract median price this week $425,000 with 29 days average market time, last week median price $415,000 with 33 days average market time.

Under contract stats 042223
Under contract for week ending April 22nd

2023 by the month

Month                New   Closed   Under Contract

January               483        326           470

February             630        526           789

March                  555        558           726

April                    545        423           561

Totals                 2213       1833        2546

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 have something to compare it to.

Resources

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

All data is from our MLS, MRED, LLC.  It changes throughout the day.

Contact us

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

Fox Valley home prices April 22nd.  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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