Fox Valley home prices August 20th

Fox Valley Home Prices April 23

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.

Fox Valley home prices August 20th

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

Stats 082022
Stats for week ending August 20th

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.

Conv 082022
Conventional financing used to close for week ending August 20th

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.

Cash 082022
Cash used to close for week ending August 20th

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.

FHA 082022
FHA financing was used to close for week ending August 20th

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.

VA 082022
VA financing used to close for week ending August 20th

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.

2000 SF or more 082022
2,000 SF or more for week ending August 20th

Contracts accepted this week

Contracts accepted this week were slightly up.  228 this week compared to 222 the previous week.

Fox Valley home prices August 20th-Contracts accepted this 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.

Contingent Stats 082022
Contingent Stats for week ending August 20th

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.

Resources

Click on anything that is underlined and bold.  It will take you to the site for the information.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  They can help you work on your score if you need it.

If you need recommendations for loan officer, real estate attorney, or home inspector let us know and we can recommend a few of each and you can decide who you want to work with.

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

 

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