Fox Valley home prices August 27th

Fox Valley home prices August 27th. We will update you on the Fox Valley area of Illinois new, closed, contracts accepted, 2022 by the month. Median prices and financing used for this week.

New listings this week were up. 214 this week compared to 171 the previous week.

Closed listings were down. 189 this week compared to 229 the previous week.

Aurora-New 42 $135,000-$799,999

Closed-26 $160,000-$812,000

Batavia-New 10 $334,900-$900,000

Closed-2 $329,000-$411,000

Bolingbrook-New 17 $199,900-$675,000

Closed-15 $240,000-$776,202

Naperville-New 31 $305,000-$2,490,000

Closed-41 $275,000-$1,750,000

Plainfield-New 20 $275,000-$611,848

Closed-31 $233,000-$650,000

St Charles-New 17 $259,000-$1,275,000

Closed-8 $263,000-$695,000

Yorkville-New 9 $394,990-$500,000

Closed-10 $125,000-$430,000

Click on the photo above to see activity in other communities this week that did not have as much action.

Median prices, financing used, and 2,000 SF or more

Median list price this week $400,000, last week $397,500.

Closed median price this week $410,000, last week $390,000.

Stats 082722 — Stats for week ending August 27th

Conventional financing was used to close 149 homes with median price $429,800 with 24 days average market time, last week 177 homes at median price $399,900 with 22 days average market time.

Conv 082722 — Conventional financing used to close for week ending August 27th

Cash was used to close 19 homes this week at median price $424,000 with 25 days average market time, last week 21 homes at median price $400,000 with 22 days average market time.

Cash 082722 — Cash used to close for week ending August 27th

FHA financing was used to close 17 homes this week at median price $317,000 with 20 days average market time, last week 21 homes at median price $298,500 with 22 days average market time.

FHA 082722 — FHA financing used to close for week ending August 27th

VA financing was used to close 4 homes this week at median price $402,000 with 16 days average market time, last week 8 homes at median price $407,500 with 30 days average market time.

VA 082722 — VA financing used to close for week ending August 27th

Homes that were at least 2,000 square feet or more closed on 127 homes at median price $475,000 with 27 days average market time, last week 136 homes at median price $464,000 with 21 days average market time. Minimum price this week $235,000, last week $220,000.

2000 SF or more 082722 — Homes that were at least 2,000 SF or more for week ending August 27th

Contracts accepted this week

Contracts accepted this week were down. 215 this week compared to 228 the previous week.

Aurora-27 Bolingbrook-16

Geneva-11 Montgomery-10

Naperville-35 Oswego-10

Plainfield-28 St Charles-12

Yorkville-15

No short sales were accepted by seller’s this week.

Seller’s accepted contracts that are contingent on the closing of their current home. 5 with a kick-out clause of 72 hours, 3 with 48 hours, and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on selling and closing on their current home. 2 with a kick-out clause of 48 hours and 1 with 24 hours.

Median list price of homes that went under contract this week $375,000 with 38 days average market time, last week $365,000 with 33 days average market time.

Contingent Stats 082722 — Contingent Stats for week ending August 27th

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 857 855 866

Totals 7055 6971 7385

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. Next week is the end of the month so we will also take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Click on everything that is bold and underlined to take you to the site for the information.

check with your loan officer for the interest rate you will be offered. It depends on your credit score. They can also help you if you need to work on your score.

If you need recommendations for loan officer, real estate attorney, or home inspector we can recommend af ew of each and you can decide who you want to work with.

All data provided today is from our MLS system, MRED, LLC. It is constantly changing throughout the day as real estate agents upload new information.

Contact us

Call us 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 27th. 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