Fox Valley home prices April 23
Fox Valley home prices April 23. We are here to tell you about the real estate market in the Fox Valley area of Illinois. If you would like to learn about other areas we can help you with that also. Communities will be highlighted that have the most activity this week, median prices, financing used, 2,000 Square feet or more, Contracts accepted, 2022 by the month, resources and how to get in touch with us.
New listings of single family homes was up. 302 this week compared to 206 the previous week. That is quite the jump! We are so happy to see this.
Closed listings of single family homes was up slightly. 198 this week compared to 190 the previous week.
Take a look at the communities with the most activity this week:
Aurora-New 37 $125,000-$850,000
Batavia-New 11 $275,000-$575,000
Bolingbrook-New 15 $189,900-$525,000
Geneva-New 13 $249,000-$1,995,000
Naperville-New 72 $324,999-$1,500,000
Oswego-New 22 $230,000-$649,900
Plainfield-New 34 $239,000-$1,700,000
St Charles-New 28 $229,900-$1,300,000
Sugar Grove-New 10 $355,000-$980,000
Yorkville-New 13 $299,990-$875,000
All these numbers will change as the day goes on. The system updates as agents upload the new listings and closed listings.
Financing used, median prices and 2,000 SF or more
Median price of single family homes listed this week $410,000, last week $387,000.
Closed homes had a median price of $389,000 this week, last week $391,000.
Conventional financing was used to close 152 homes this week with a median price of $395,000 27 days average market time, last week 144 homes with median price of $402,500 24 days average market time.
Cash was used to close on 23 homes this week with a median price of $470,000 12 average market time, last week 24 homes with median price of $410,000 8 average market time.
FHA financing was used to close on 16 homes with a median price of $287,500 with 12 average days market time, last week 14 homes with median price of $297,500 with 21 days average market time.
VA financing was used to close on 6 homes with median price of $258,500 with 41 days average market time, last week also 6 homes but with median price of $583,500 with 110 average market time.
People looking for a home that was at least 2,000 square feet or more closed on 116 homes with median price of $473,750 with 33 days average market time, last week 116 homes with a median price of $465,750 with 29 days average market time. The minimum priced home this week was $191,000, last week $175,000.
Contracts accepted this week
Contracts accepted by sellers was down. 245 this week compared to 297 the previous week.
Look at the communities seller’s accepted the most contracts this week:
Plainfield-33 St Charles-26
No short sales were accepted by seller’s this week.
Contracts were accepted by seller’s that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and also 1 with 48 hours.
Also, contracts were accepted by seller’s that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 h ours, 48 hours and 24 hours.
Median list price of homes that went under contract this week $399,900 with 25 days average market time, last week $399,000 with 23 days average market time.
2022 by the month
Month New Closed Contracts accepted
January 422 492 623
February 523 520 724
March 734 904 890
April 934 749 1009
Totals 2615 2665 3246
New listings are increasing, but so are the closed and under contract. We need new listings to increase drastically to slow down the increase in prices. Interest rates are going up. We are starting to see market time go up and price changes so it is impacting some areas but not all.
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 2021 and 2020 so you can see how this year compares to the previous 2 years.
Click on each underlined resource that you want to know more about. If there is information not listed that you are looking for let us know and we will point you in the right direction.
Check with your loan officer to see what interest rate you will be offered. It depends on your credit score. If you need to work on your score they can help you.
Call 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
Request a home valuation if you are thinking about selling your home. Tell us a little bit about your home and what has recently been updated. We will give you an estimate of what it will sell for and a net proceeds that shows you the expenses to sell. When an offer comes in we will update the net proceeds showing the terms and price offered so you can make a good decision.
Thinking about buying a home this year. You need to get all your financial information to a loan officer so they can put you through underwriting so you will know what you are pre approved for and the seller will also feel better accepting your offer knowing you went through this extra step.
Sign-up for email alerts so you don’t miss out on a home coming on the market.
You can search for me on facebook and click on the “shop now” button to search anywhere in Illinois.
All data provided today is from our MLS. MRED, LLC.
Fox Valley home prices April 23. Have an awesome week!
Kristine Heiman, SFR, SRS, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101