Fox Valley home prices December 10th
Fox Valley home prices December 10th. Weather has been great so far for December. Forecaster’s are saying we should be in the 40’s all week.
We will update you on what happened this last week on new listings, closed listings, contracts accepted, median prices, financing used, and 2022 by the month. Provide you with some resources to checkout.
New listing this week are down. 82 this week compared to 105 the previous week.
Closed listings are also down. 132 this week compared to 177 the previous week.
Aurora-New 13 $149,900-$722,731
Bolingbrook-New 5 $235,000-$399,000
Naperville-New 15 $409,000-$1,650,000
Plainfield-New 7 $350,000-$859,900
St Charles-New 4 $574,800-$1,275,000
Yorkville-New 3 $320,000-$354,990
Take a look at the picture above to see the other communities that had activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $404,450, last week $392,495.
Closed median price this week $385,500, last week $380,000.
Conventional financing was used to close on 86 homes this week at median price $404,500 with 37 days average market time, last week 122 homes at median price $407,500 with 45 days average market time.
Cash was used to close on 25 homes this week at median price $451,900 with 30 days average market time, last week 22 homes with median price $352,250 with 34 days average market time.
FHA financing was used to close on 15 homes this week at median price $287,900 with 39 days average market time, last week 27 homes at median price $310,556 with 41 days average market time.
VA financing was used to close on 5 homes at median price $330,000 with 42 days average market time, last week also 5 homes at median price $438,000 with 23 days average market time.
2,000 square feet or more closed on 81 homes at median price $475,000 with 37 days average market time, last week 103 homes at median price $471,845 with 49 days average market time. Minimum price this week $249,900, last week $240,000.
Contracts accepted this week
Contracts accepted this week are down. 94 this week compared to 112 the previous week.
Look at the picture above for contracts accepted in other communities.
No short sales were accepted this week from seller’s.
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. 1 with a kick-out clause of 72 hours and 1 with 24 hours.
Median price of homes that went under contract this week $355,745 with 114 days average market time, last week the median price $349,900 with 64 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 1019 1134 1062
September 730 733 698
October 699 612 646
November 574 764 624
December 82 132 94
Totals 9302 9491 9643
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 show you 2021 and 2020 so you can see how this year is doing. This month will close out the year. We are looking forward to 2023.
Click on everything that is bold and underlined to go to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for homes
Check with your loan officer for the interest rate you will be offered. It depends on your credit score and other things that they will explain to you.
Look for our page on Facebook and you will be able to search for homes there anytime by clicking on the “shop now” button.
All data was downloaded this morning from our MLS, MRED, LLC. The data changes throughout the day as agents upload information.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices December 10th. Have an awesome week!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60543
630-503-6555 Ext 101