Fox Valley home prices December 16th
Fox Valley home prices December 16th. Mid 40’s continue to the end of the year. We will take it.
New listings this week are consistent. 78 this week compared to 85 the previous week.
Closed listings are also consistent. 138 this week compared to 132 the previous week.
We definitely are not setting any records this year.
Aurora-New 11 $215,000-$627,000
Closed-20 $142,500-$760,000
Elburn-New 2 $484,800-$825,000
Closed-10 $318,600-$515,000
Naperville-New 7 $449,900-$1,585,000
Closed-31 $412,000-$1,550,000
Plainfield-New 18 $335,000-$650,000
Closed-18 $280,000-$604,000
Check out the other communities that had activity this week and their price ranges in photo above.
Financing used, median prices, and 2,000 SF or more
Median list price this week $425,000, last week $399,500.
Closed median price this week $417,495, last week $364,950.
Conventional financing was used to close on 96 homes this week at median price $439,950 with 36 days average market time, last week 84 homes at median price $368,659 with 28 days average market time.
Cash was used to close on 18 homes this week at median price $400,500 with 54 days average market time, last week 25 homes at median price $485,000 with 37 days average market time.
FHA financing was used to close on 21 homes this week at median price $371,000 with 49 days average market time, last week 16 homes at median price $352,500 with 28 days average market time.
VA financing was used to close on 3 homes this week at median price $289,900 with 33 days average market time, last week 7 homes at median price $364,900 with 40 days average market time.
2,000 SF or more close on 80 homes this week at median price $528,500 with 45 days average market time, last week 63 homes at median price $490,000 with 40 days average market time. Minimum price this week $315,000, last week $115,000.
Conventional financing continues to be the most used way to close. FHA financing finally beat out cash this week.
Under contract this week
Homes that went under contract this week are down. 88 this week compared to 135 the previous week.
Aurora-13 Naperville-19
Plainfield-18
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. 3 with a kick-out clause of 72 hours and 2 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 48 hours.
Median price of homes that went under contract this week $414,950 with 54 days average market time, last week $379,900 with 61 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 869 988 915
September 684 621 623
October 639 568 549
November 601 720 610
December 163 270 223
Totals 7864 7601 8207
Check 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 back at 2022 and 2021.
Contact us
Call us with all your real estate questions. Your goal is our goal.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
We have some resources you can check out on our website for types of loans and the process, VA loans and the requirements, down payment assistance, IHDA programs, home valuation, sign-up for email alerts and search for a home here.
Fox Valley home prices December 16th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101.