Fox Valley home prices August 12th
Fox Valley home prices August 12th. It looks like a roller coaster with temps for the next couple of weeks. Highs range from 70-88 during the day and lows from 53-72 at night. Possible rain on Monday.
New listings are pretty consistent. 179 this week compared to 185 the previous week.
Closed listings are down. 176 this week compared to 211 the previous week.
Aurora-New 28 $187,500-$575,000
Bolingbrook-New 14 $255,000-$525,000
Naperville-New 38 $299,000-$2,999,995
Plainfield-New 18 $324,900-$845,000
St Charles-New 9 $275,000-$659,000
Yorkville-New 12 $275,000-$519,990
These are the communities with the most activity this week. Click on the photo above to see the price ranges of other communities that also had activity.
Financing used, median prices, and 2,000 SF or more
Median list price this week is the same as last week $449,900.
Closed listings this week $449,945, last week $442,000.
First week of this year for week ending January 7th median list price was $399,900 and median closed price was $368,000. What a difference!
Conventional financing was used to close on 136 homes this week at median price $449,995 with 29 days average market time, last week 152 homes at median price $460,000 with 27 days average market time.
Cash was used to close on 25 homes this week at median price $500,000 with 15 days average market time, last week 34 homes at median price $414,000 with 22 days average market time.
FHA financing was used to close on 8 homes this week at median price $367,500 with 39 days average market time, last week 18 homes at median price $368,950 with 9 days average market time.
VA financing was used to close on 7 homes this week at median price $419,900 with 49 days average market time, last week 6 homes at median price $347, 500 with 43 days average market time.
2,000 square feet or more closed on 116 homes this week at median price $532,500 with 31 days average market time, last week 145 homes at median price $515,000 with 27 days average market time. Minimum price this week $233,000, last week $245,000.
Under contract this week
Homes under contract this week are consistent. 186 this week compared to 194 the previous week.
Plainfield-24 St Charles-13
1 short sale was accepted by a seller this week. It was in Aurora. Now it will be submitted to the lender to see if they will also accept.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 1 with 48 hours, and 4 with 24 hours.
Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours.
Median price of homes under contract this week $419,900 with 36 days average market time, last week $389,900 with 30 days average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 926
July 765 745 805
August 364 387 380
Totals 5272 4821 5667
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 to.
Click on everything that is bold and underlined to take you to the site for the information. If you are looking for other information not here let us know. We will point you in the right direction.
If you are wanting to know what your home is worth in today’s market request a home valuation and we will also provide you with a net proceeds that shows you and estimate of expenses to sell. Many factors go into this so we will update you when an offer comes in and we know all the terms agreed to.
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Search for a home anytime you like.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices August 12th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101