Fox Valley home prices January 7th

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Fox Valley  home prices January 7th.  First week of the new year.

New listings this week were more than doubled.  108 this week compared to 44 the previous week.

Closed listings were down.  70 this week compared to 128 the previous week.

Fox Valley home prices January 7th

Aurora-New 12 $187,000-$734,900

             Closed-14 $169,500-$625,000

Naperville-New 18 $390,000-$1,095,000

                   Closed-13 $330,000-$820,000

Plainfield-New 12 $239,900-$571,000

                 Closed-6 $260,000-$603,440

Yorkville-New 16 $335,000-$469,990

                Closed-1 $3

75,000

Click on the photo above to see other communities that had activity this week.  We are just highlighting the ones with the most activity.

Financing used, median prices, and 2,000 SF or more

Median list price this week $399,900, last week $350,000.

Closed median price this week $368,000, last week $368,750.

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Stats for week ending January 7th

Conventional financing was used to close on 54 homes this week at median price $372,500 with 52 days average market time, last week 85 homes at median price $379,990 with 58 days average market time.

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Conventional financing used to close for week ending January 7th

Cash was used to close on 8 homes this week at median price $435,500 with 42 days average market time, last week 21 homes at median price $467,500 with 65 days average market time.

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Cash used to close for week ending January 7th

FHA financing was used to close on 5 homes this week at median price $255,000 with 57 days average market time, last week 15 homes at median price $311,000 with 24 days average market time.

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FHA financing used to close for week ending January 7th

VA financing was used to close on 2 homes at median price $395,445 with 11 days average market time, last week 6 homes at median price $467,000 with 57 days average market time.

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VA financing used to close for week ending January 7th

2,000 square feet or more closed on 38 homes this week at median price $447,500 with 57 days average market time, last week 68 homes at median price $447,170 with 73 days average market time.  Minimum price this week $258,500, last week $240,000.

Residential homes that went under contract this week

Residential homes under contract this week were up.  76 this week compared to 51 the previous week.

Fox Valley home prices January 7th-under contract this week

Aurora-15                                Naperville-11

Click on the photo to see other communities with activity this week.

1 short sale was accepted this week by a seller.  It was in Montgomery.  Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours and 1 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 under contract this week $349,750 with 75 days average market time, last week the median price $385,000 with 62 days average market time.

Contingent Stats 010723
Median price of homes under contract for week ending January 7th

2023 by the month

Month                   New   Closed   Contract accepted

January                  108       70              76

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 can compare.

Resources

Click on everything that is bold and underlined to take you to the site for the information.

Check with your loan officer to see what interest rate you will be offered.  It depends on the credit score and other things that your loan officer will explain to you.

All data provided to day is from our MLS, MRED, LLC.  The data changes continuously throughout the day as agent upload their information.

Contact us

Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.

Fox Valley home prices January 7th.  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

Kriss Picture 012819 3 Thumb nail

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