Fox Valley home prices August 19th

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Fox Valley home prices August 19th.  Heat advisory for the week ahead.  Back in the 80’s the following week during the day and 60’s at night.

New listings this week are consistent.  181 this week compared to  179 the previous week.

Closed listings are also consistent.  179 this week compared to 176 the previous week.

Fox Valley home prices August 19th

Aurora-New 30 $180,000-$1,100,000

             Closed-27 $150,000-$905,000

Bolingbrook-New 12 $214,900-$600,000

                      Closed-17 $235,000-$575,000

Naperville-New 31 $339,900-$1,425,000

                   Closed-34 $316,000-$1,359,000

Oswego-New 11 $300,000-$499,900

               Closed-5 $344,444-$1,350,000

Plainfield-New 17 $314,900-$879,900

                  Closed-17 $305,000-$746,543

St Charles-New 14 $279,000-$1,250,000

                  Closed-14 $320,000-$829,000

These are the price ranges of the communities with the most activity this week.  Other communities had activity.  Look at the photo above to see the price ranges of those communities.

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

Median list price this week $429,900, last week $449,900.

Closed median price this week $435,000, last week $449,945.

Stats 081923
Stats for week ending August 19th

Conventional financing was used to close on 137 homes this week at median price $448,955 with 28 days average market time, last week 136 homes at median price $449,995 with 29 days average market time.

Conv 081923
Conventional financing used to close for week ending August 19th

Cash was used to close on 19 homes this week at median price $490,000 with 42 days average market time, last week 25 homes at median price $500,000 with 15 days average market time.

Cash 081923
Cash used to close for week ending August 19th

FHA financing was used to close on 14 homes at median price $322,500 with 19 days average market time, last week 8 homes at median price $367,500 with 39 days average market time.

FHA 081923
FHA financing used to close for week ending August 19th

VA financing was used to close on 9 homes at median price $489,000 with 12 days average market time, last week 7 homes at median price $419,900 with 49 days average market time.

VA 081923
VA financing used to close for week ending August 19th

2,000 square feet or more closed on 115 homes at median price $537,000 with 35 days average market time, last week 116 homes at median price $532,500 with 31 days average market time.  Minimum price this week $237,100, last week $233,000.

2000 SF or more 081923
2,000 SF or more for week ending August 19th

Conventional financing continues to be the way to close in the Fox Valley area.

Under contract this week

Homes that went under contract this week are consistent.  179 this week compared to 186 the previous week.

Fox Valley home prices August 19th-Under contract this week

Aurora-30                          Bolingbrook-14

Montgomery-11                 Naperville-23

Plainfield-13                      St Charles-13

Yorkville-10

2 short sales were accepted by seller’s this week.  1 each in Aurora and Sandwich.  Now they 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.  3 with a kick-out clause of 72 hours and 2 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and also 3 with 48 hours.

Homes that went under contract this week had a median price $419,900 with 31 days average market time, last week $419,900 with 36 days average market time.

Under contract stats 081923
Under contract median price for week ending August 19th

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                 545         566          559

Totals                 5453       5000        5846

At the end of the month we will also show you 2022 and 2021 so you have something to compare to.  Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois.

Resources

Click on everything that is underlined and highlighted to take you to the site for the information.  Let us know if you are looking for information not listed here.  We will be happy to point you in the right direction.

To find out what your home might sell for in this marketrequest a home valuation and we will also provide you with a net proceeds that will show you and estimate of expenses to sell.  When an offer comes in we will update it when we know all the terms.

You can sign-up for email alerts so you will receive listings as they hit the market.

Search for a home  anytime you like.  You can also keep track of what is selling in your neighborhood.

All data provided today 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 August 19th.  Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

530-503-6555 Ext 101

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