Fox Valley home prices August 20th
Fox Valley home prices August 20th. Busy time right now with everyone getting their kids back to school.
Every Saturday we are here to update you on the week with new listings, closed, contracts accepted, 2022 by the month, median prices and the financing used to get to closing.
New listing this week were down. 171 this week compared to 206 the previous week.
Closed listings were up. 229 this week compare to 213 the previous week.
Aurora-New 21 $99,900-$824,900
Closed-32 $177,000-$590,000
Bolingbrook-New 17 $189,900-$549,900
Closed-16 $195,000-$542,000
Geneva-New 5 $269,108-$595,000
Closed-19 $234,900-$980,000
Naperville-New 33 $389,000-$1,849,000
Closed-48 $290,000-$1,500,000
Oswego-New 8 $250,000-$624,900
Closed-12 $300,000-$581,660
Plainfield-New 25 $270,000-$615,000
Closed-19 $200,000-$621,180
St Charles-New 14 $165,000-$1,175,000
Closed-22 $245,000-$880,000
Yorkville-New 5 $249,900-$599,000
Closed-10 $280,000-$630,000
Median prices, financing used, and 2,000 SF or more
Median list price this week $397,500, last week $398,180.
Closed median price this week $390,000, last week also $390,000
Conventional financing was used to close on 177 homes this week at median price $399,990 with 22 days average market time, last week 155 homes at $433,000 median price with 18 days average market time.
Cash was used to close on 21 homes this week at median price $400,000 with 22 days average market time, last week 28 homes at median price $330,000 with 28 days average market time.
FHA financing was used to close on 21 homes this week at median price $298,500 with 22 days average market time, last week 20 homes at median price $315,000 with 13 days average market time.
VA financing was used to close on 8 homes this week at median price $407,500 with 30 days average market time, last week 9 homes at median price $333,000 with 18 days average market time.
2,000 square feet or more closed on 136 homes this week at median price $464,000 with 21 days average market time, last week 138 homes at median price $484,950 with 20 days average market time. Minimum price this week $220,000, last week $110,000.
Contracts accepted this week
Contracts accepted this week were slightly up. 228 this week compared to 222 the previous week.
Aurora-34 Bolingbrook-26
Naperville-29 Plainfield-33
St Charles-15 Yorkville-12
No short sales were accepted by seller’s this week
Sellers accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 8 with 48 hours, and 1 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 6 with 48 hours, and 1 with 24 hours.
Median price of homes that went under contract this week $365,000 with 33 days average market time, last week median price $359,700 with 37 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 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 643 666 651
Totals 6841 6782 7170
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 take a look back at 2021 and 2020 so you can see how this year is going.
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contact us
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
All data provided is from our MLS. MRED, LLC.
Fox Valley home prices August 20th. Have an awesome week!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101