Fox Valley home prices August 5th
Fox Valley home prices August 5th. 70 and 80’s during the day and low to mid 60’s at night for the next couple of weeks. A few days of rain to look forward to.
New listings this week are down. 185 this week compared to 204 the previous week.
Closed listings are consistent. 211 this week compared to 212 the previous week.
Aurora-New 27 $134,900-$1,250,000
Closed-21 $99,544-$821,000
Bolingbrook-New 11 $254,500-$761,649
Closed-17 $237,000-$530,000
Geneva-New 6 $419,900-$720,000
Closed-10 $275,000-$1,315,000
Naperville-New 32 $349,900-$8,200,000
Closed-46 $370,000-$1,725,000
Oswego-New 13 $380,000-$552,407
Closed-8 $245,000-$1,250,000
Plainfield-New 24 $325,000-$667,500
Closed-36 $310,000-$880,000
St Charles-New 13 $299,900-$1,600,000
Closed-13 $231,000-$855,000
Yorkville-New 10 $269,900-$539,900
Closed-12 $260,000-$515,000
These are the communities with the most activity this week. Other communities had activity as well. Click on the photo above to see the price ranges. You just might find a price range that works for you.
Financing used, median prices, and 2,000 SF or more
Median list price this week $449,900, last week $449,945.
Closed median price this week $442,000, last week $432,500.
Conventional financing was used to close on 152 homes this week at median price $460,000 with 27 days average market time, last week 153 homes at median price $475,000 with 25 days average market time.
Cash used to close on 34 homes this week at median price $414,000 with 22 days average market time, last week 28 homes at median price $400,000 with 38 days average market time.
FHA financing used to close on 18 homes this week at median price $368,950 with 9 days average market time, last week 19 homes at median price $339,900 with 30 days average market time.
VA financing was used to close on 6 home this week at median price $347,500 with 43 days average market time, last week 12 homes at median price $417,244 with 30 days average market time.
2,000 Square feet or more closed on 145 homes at median price $515,000 with 27 days average market time, last week 134 homes at median price $552,666 with 34 days average market time. Minimum price this week $245,000, last week $250,000.
72% of homes closed using Conventional financing.
Under contract this week
Homes under contract this week are slightly up. 194 this week compared to 185 the previous week.
Aurora-18 Bolingbrook-21
Geneva-10 Naperville-30
Oswego-13 Plainfield-30
St Charles-18 Yorkville-14
2 short sales were accepted by seller’s this week. 1 each in Bolingbrook and Plainfield. 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. 2 with a kick-out clause of 72 hours and 3 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 48 hours and 1 that does not let us know.
Homes that went under contract this week had a median price of $389,900 with 30 days average market time, last week $419,900 with 28 days average market time.
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 185 211 194
Totals 5093 4645 5481
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 also take a look at 2022 and 2021 so you have something to compare to.
Resources
Click on everything that is bold and underlined to take you to the site for the information.
If you would like to know what your home might sell for in today’s market request a home valuation and we will also provide you with an estimate of expenses to sell so you know what you might walk away with.
You can sign-up for email alerts so you can see homes when they hit the market.
Search for a home anytime even if it is just to keep an eye on the prices in your neighborhood.
All data provided today is from our MLS, MRED, LLC. It changes continuously 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 5th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-6503-6555 Ext 101