Fox Valley home prices April 8th
Fox Valley home prices April 8th. We are having a gorgeous weekend and the week ahead looks like it will be in the 70’s. We can finally enjoy some spring temps.
New listings this week are consistent. 142 this week compared to 139 the previous week.
Closed listings were slightly up. 183 this week compared to 172 the previous week.
Aurora-New 23 $179,900-$725,731
Bolingbrook-New 8 $250,000-$575,000
Geneva-New 2 $300,000-$695,000
Naperville-New 25 $400,000-$1,995,000
Plainfield-New 25 $274,900-$769,900
Click on the photo above to see other communities that had activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $420,000, last week $395,000
Closed median price this week $394,000, last week $391,950.
Conventional financing was used to close on 133 homes at median price $384,900 with 43 days average market time, last week 116 homes at median price $412,495 with 49 days average market time.
Cash was used to close on 29 homes this week at median price $445,000 with 57 days average market time, last week 25 homes at median price 366,000 with 37 days average market time.
FHA financing used to close on 12 homes at median price $326,500 with 64 days average market time, last week 27 homes at median price $320,000 with 38 days average market time.
VA financing used to close on 8 homes at median price $444,995 with 101 days average market time, last week 3 homes at median price 400,000 with 102 days average market time.
2,000 square feet or more closed on 104 homes at median price $468,750 with 58 days average market time, last week 99 homes at median price $462,000 with 58 days average market time. Minimum price this week $120,000, last week $270,600.
Almost 73% or homes accepted and closed this week used Conventional financing.
Under contract this week
Homes under contract this week are down. 154 this week compared to 204 the previous week.
Plainfield-22 St Charles-11
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. 1 each with a kick-out clause of 72 and 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 48 hours.
Median price of homes that went under contract this week $396,750 with 30 days average market time, last week $410,000 with 45 days average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 630 526 789
March 535 558 726
April 142 183 154
Totals 1790 1593 2139
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
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All data provided today is from our MLS, MRED, LLC. The data changes throughout the day.
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Fox Valley home prices April 8th. 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