Fox Valley home prices August 6th
Aurora-New 30 $164,900-$675,000
Batavia-New 3 $309,900-$575,000
Bolingbrook-New 26 $215,000-$698,000
Montgomery-New 11 $195,000-$363,108
Naperville-New 53 $235,000-$2,200,000
Oswego-New 12 $260,000-$1,185,000
Plainfield-New 33 $229,000-$949,000
St Charles-New 17 $250,000-$1,699,000
Yorkville-New 13 $99,900-$550,000
These communities are the ones with the most activity this week. Check with the photo above for other communities with activity.
Financing used, median prices, and 2,000 SF or more
Median list price this week $399,000, last week $389,900
Closed median price this week $407,500, last week $395,000.
Conventional financing was used to close on 151 homes this week at median price $455,000 with 19 days average market time, last week 193 homes at median price $416,000 with 31 days average market time.
Cash was used to close on 26 homes this week at median price $431,500 with 19 days average market time, last week 34 homes at median price $451,551 with 21 days average market time.
FHA financing was used to close on 38 homes this week at median price $300,000 with 27 days average market time, last week 37 homes at median price $269,000 with 18 days average market time.
VA financing used to close on 7 homes this week at median price $350,000 with 22 days average market time, last week 5 homes at median price $365,000 with 4 days average market time.
Homes that were at least 2,000 square feet or more closed on 130 homes at median price $500,500 with 21 days average market time, last week 156 homes at median price $507,450 with 29 days average market time. Minimum price this week $238,000, last week $285,000.
Contracts accepted this week
Contracts accepted this week are down. 201 this week compared to 226 the previous week.
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 5 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. 4 with a kick-out clause of 72 hours, 8 with 48 hours, and 1 with 24 hours.
Median price of home that went under contract this week $364,900 with 32 days average market time, last week median price $373,450 with 31 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 995 932 908
August 266 224 201
Totals 6504 6340 6720
Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois. At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year is going compared to the previous 2 years.
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Fox Valley home prices August 6th. 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