Fox Valley home prices February 18th
Fox Valley home prices February 18th. New listings, closed listings, median prices, financing used to close, under contract, 2023 by the month, and some great resources.
New listings this week are up. 169 this week compared to 106 the previous week.
Closed listings are slightly up. 88 this week compare to 80 the previous week.
Aurora-New 24 $149,900-$749,000
Bolingbrook-New 10 $265,000-$674,900
Naperville-New 30 $275,000-$12,750,000
Oswego-New 12 $324,500-$1,299,000
Plainfield-New 25 $279,000-$683,910
Click on the photo above to see other communities with activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $399,990, last week $399,949.
Closed median price this week $339,000, last week $346,250.
Conventional financing used to close on 61 homes this week at median price $355,000 with 65 days average market time, last week 55 homes at median price $345,500 with 48 days average market time.
Cash was used to close on 19 homes this week with a median price of $270,000 with 69 days average market time, last week 13 homes at median price $435,000 with 34 days average market time.
FHA financing was used to close on 6 homes this week at median price $306,500 with 72 days average market time, last week 8 homes at median price $242,500 with 50 days average market time.
VA financing was used to close on 1 house this week $423,990 with 53 days average market time, last week 4 homes at median price $487,000 with 48 days average market time.
2,000 square feet or more close on 51 homes this week at median price $450,000 with 63 days average market time, last week 40 homes at median price $475,000 with 55 days average market time. Minimum price this week $108,000, last week $190,100
Conventional financing continues to be the financing to chose.
Homes under contract this week
Homes that went under contract this week are consistent. 152 this week compared to 159 the previous week.
Click on the photo above to see other communities that seller’s accepted contracts this 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. 4 with a kick-out clause of 48 hours and 2 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 48 hours and 2 with 24 hours.
Median price of homes that went under contract this week $391,950 with 54 days average market time, last week median price $369,900 with 58 days average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 383 279 476
Totals 866 605 946
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also show you 2022 and 2021 so you can see how this year is going.
Click on each bullet point to take you to the information.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
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- IHDA programs
- Request a home valuation
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- Search for a home
Check with your loan office to see what interest rate you will be offered. It depends on your credit score and other information they will provide to you.
All data provided today is from our MLS, MRED, LLC. It changes continuously throughout the day.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices February 18th. 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