Fox Valley home prices August 13th
Fox Valley home prices August 13th. We are now in the 2nd full week of August. Some schools have started and others will start soon.
New listings this week are down. 206 this week compared to 266 the previous week.
Closed listings are also down. 213 this week compared to 224 the previous week.
Aurora-New 39 $150,000-$650,000
Batavia-New 3 $265,000-$599,900
Bolingbrook-New 13 $229,000-$559,000
Naperville-New 30 $359,900-$1,299,000
Oswego-New 11 $235,000-$559,500
Plainfield-New 28 $279,900-$1,499,000
St Charles-New 18 $265,000-$2,980,000
Take a look at the photo above for other communities that had activity this week.
Median prices, financing used, and 2,000 SF or more
Median list price this week $398,180, last week $399,000
Closed median price this week $390,000, last week $407,500.
Conventional financing was used to close on 155 homes this week with a median price $433,000 with 18 days average market time, last week 151 homes with median price $455,000 with 19 days average market time.
Cash was used to close on 28 homes this week with median price $330,000 with 28 days average market time, last week 26 homes with median price $431,500 with 19 days average market time.
FHA financing was used to close on 20 homes this week with median price $315,000 with 13 days average market time, last week 38 homes with median price $300,000 with 27 days average market time.
VA financing was used to close on 9 homes with median price $333,000 with 18 days average market time, last week 7 homes with median price $350,000 with 22 days average market time.
Homes that were at least 2,000 square feet or more closed on 138 homes with median price $484,950 with 20 days average market time, last week 130 homes with median price $500,500 with 21 days average market time. Minimum price this week $110,000, last week $238,000.
Contracts accepted this week
Contracts accepted this week were up. 222 this week compared to 201 the previous week.
St Charles-22 West Chicago-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. 4 with a kick-out clause o 72 hours, 5 with 48 hours, and 6 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 72 hours and 10 with 48 hours.
Median price of home that went under contract this week in the Fox Valley $359,700 with 37 days average market time, last week median price $364,900 with 32 ays 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 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 472 437 423
Totals 6670 6553 6942
Check back with us every Saturday for the real estate market update. At the end of each month we will also look back at 2021 and 2020 so you can see how this year is going.
Click on each thing that is bold and underlined and it will take you to the site for the information. If you are looking for any other information please let us know.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
- Home valuation request
- Sign-up for email alerts
- Search for a home today
Check with your loan officer to see what interest rate you will be offered. It depends on your credit score.
We make a few recommendations for loan officers, real estate attorney and home inspectors and you can decide who you want to work with.
All data provided is from our MLS. MRED, LLC. It continuously changes throughout the day as agents upload information.
Call us at 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.
Fox Valley home prices August 13th. Have an awesome week!
Kristine Heiman, SRS, SFR, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101