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
Batavia-New 10 $334,900-$900,000
Bolingbrook-New 17 $199,900-$675,000
Naperville-New 31 $305,000-$2,490,000
Plainfield-New 20 $275,000-$611,848
St Charles-New 17 $259,000-$1,275,000
Yorkville-New 9 $394,990-$500,000
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.
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.
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.
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.
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.
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.
Contracts accepted this week
Contracts accepted this week were down. 215 this week compared to 228 the previous week.
Plainfield-28 St Charles-12
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.
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.
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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.
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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