Fox Valley home prices December 24th
Fox Valley home prices December 24th. The last 2 days were just too busy to post this week’s blog post. I downloaded all the information on Saturday and just now have the time time to put it all together.
We will let you know about new listings, closed listings, contracts accepted, median prices, financing used, and 2022 by the month for this last week. Some people post graphs but I like to break it down to each community that had activity and what happened there.
New listings this week are way down. 45 this week compared to 86 the previous week. After we get past the holidays things should pick up.
Closed listings are up. 135 this week compared to 129 the previous week.
Aurora-New 8 $156,000-$722,731
Closed-21 $340(must be a mistake)-$375,000
Bolingbrook-New 5 $325,000-$689,999
Closed-13 $240,000-$430,000
Naperville-New 6 $449,900-$1,099,900
Closed-21 $255,000-$1,364,258
Plainfield-New 4 $309,000-$437,240
Closed-17 $300,000-$560,000
Other communities had activity. Please look at the photo above to see activity in other communities.
Financing used, median prices, and 2,000 SF or more
Median list price this week $359,945, last week $385,000
Closed median price this week $346,000, last week $357,000.
Conventional financing was used to close on 90 homes this week at median price $365,000 with 45 days average market time, last week 91 homes at median price $365,000 with 38 days average market time.
Cash was used to close on 22 homes at median price $265,000 with 63 days average market time, last week 21 homes at median price $385,000 with 45 days average market time.
FHA financing was used to close on 16 homes at median price $318,000 with 32 days average market time, last week 10 homes at median price $326,250 with 41 days average market time.
VA financing was used to close 6 homes this week at median price $319,950 with 38 days average market time, last week 3 homes at median price $360,000 with 51 days average market time.
2,000 Square feet or more closed on 77 homes this week at median price $430,000 with 48 days average market time, last week 75 homes at median price $450,000 with 45 days average market time. Minimum price this week $275,000, last week $50,000.
Conventional financing is still the most desired financing and the majority of homes closed are 2,000 Sf or more.
Contracts accepted this week
Contracts accepted this week are consistent. 88 this week compared to 89 the previous week.
Aurora-24 Naperville-12
Plainfield-10
Other communities had activity. To see those communities click on the photo above.
No short sales were accepted this week.
A seller accepted a contract that is contingent on the buyer closing on their current home. 1 with a kick-out clause of 48 hours.
Median price of homes that went under contract this week $349,000 with 48 days average market time, last week $379,900 with 56 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 213 396 271
Totals 9433 9755 9820
Next week is the last week of the month and the last week of the year. We will show you 2021 and 2020 also so you can see how this year went compared to the previous 2 years.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Resources
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 a home
Check with your loan officer for the interest rate you will be offered. It depends on your credit score and other things the loan officer will explain to you.
You can also connect with us on Facebook and search for homes there anytime by clicking on the “shop now” button.
All data provided is from our MLS, MRED, LLC. Data changes continuously throughout the day as agents upload their information.
Contact us
Call us at 630-503-6555 for all your real estate questions. Your goal is our goal.
Fox Valley home prices December 24th. Have an awesome week and a happy and prosperous New Year!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101
