Fox Valley home prices January 21st
Fox Valley home prices January 21st. It sure has been a mild winter so far. We might see some snow this next week.
New listings this week were slightly up. 134 this week compared to 114 the previous week.
Closed listings were slightly down. 69 this week compared to 89 the previous week.
These numbers are extremely low even for this time of year.
Aurora-New 17 $214,900-$595,000
Naperville-New 24 $295,000-$1,899,000
Plainfield-New 26 $299,900-$600,000
Yorkville-New 10 $177,000-$507,990
Click on the photo above to see the other communities that had activity this week. We just highlighted the ones with the most activity.
Financing used, median price, and 2,000 SF or more
Median list price this week $389,990, last week $414,900.
Closed median price this week $335,000, last week $ 399,000.
Conventional financing used to close on 48 homes at median price $346,265 with 51 days average market time, last week 66 homes at median price $445,000 with 44 days average market time.
Cash was used to close on 10 homes this week at median price $309,000 with 40 days average market time, last week 8 homes at median price $387,500 with 27 days average market time.
FHA financing was used to close on 9 homes this week at median price $269,900 with 39 days average market time, last week 12 homes at median price $301,200 with 55 days average market time.
VA financing was used to close on 1 home this week $450,000 with 76 days average market time, last week 2 homes at median price $349,495 with 80 days average market time.
2,000 SF or more closed on 34 homes this week with a median price $470,500 with 41 days average market time, last week 57 homes at median price $517,000 with 55 days average market time. Minimum price this week $286,000, last week $279,000.
Conventional financing continues to be the financing that gets accepted and closed.
Homes under contract this week
Homes that went under contract this week are slightly up. 122 this week compared to 114 the previous week.
Naperville-22 St Charles-14
1 short sales went under contract this week. It was in Montgomery. Now it will be submitted to the lender to see if they will also accept.
Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 1 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. 2 with a kick-out clause of 72 hours and 2 with 48 hours.
Median price of homes that went under contract this week $379,900 with 64 days average market time, last week $349,950 with 67 days average market time.
2023 by the month
Month New Closed Under contract
January 356 228 312
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 take a look back at 2022 and 2021 so you have something to compare to.
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Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and other things that they will explain to you. The better your credit score, the better the interest rate you will be offered. They can also help you bring up your score if you need to.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day as REALTORS® upload their information.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices January 21st. 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