Fox Valley home prices July 1st
Fox Valley home prices July 1st. We should get much needed rain today and tomorrow. The next couple of weeks will be in the mid 80’s during the day and mid 60’s at night.
New listings this week are slightly down. 184 this week compared to 204 the previous week.
Closed listings are up. 258 this week compared to 164 the previous week.
Aurora-New 27 $184,900-$949,900
Closed-36 $197,000-$815,000
Batavia-New 6 $199,900-$769,000
Closed-11 $325,000-$905,000
Naperville-New 25 $300,000-$1,889,000
Closed-47 $325,000-$1,260,000
Plainfield-New 26 $160,000-$850,000
Closed-41 $216,000-$743,969
St Charles-New 11 $315,000-$1,350,000
Closed-22 $280,000-$1,265,000
West Chicago-New 1 $475,000
Closed 11 $209,900-$699,900
Yorkville-New 14 $245,000-$949,900
Closed-10 $342,500-$851,000
These are the price ranges of the communities with the most activity this week. Click on the photo above to see the other communities that had activity and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $444,990, last week $439,450.
Closed median price this week $443,750, last week $435,000.
Conventional financing was used to close on 197 homes this week at median price $451,000 with 24 days average market time, last week 113 homes at $455,000 with 20 average market time.
Cash was used to close on 39 homes this week at median price $445,000 with 26 days average market time, last week 31 homes at median price $445,000 with 17 days average market time.
FHA financing was used to close on 16 homes this week at median price $302,500 with 33 days average market time, last week 17 homes at median price $338,000 with 29 days average market time.
VA financing was used to close on 5 homes this week at median price $350,000 with 10 days average market time, last week 3 homes at median price $335,000 with 14 days average market time.
2,000 Square feet or more closed on 162 homes at median price $542,500 with 29 days average market time, last week 97 homes at median price $510,000 with 24 days average market time. Minimum price this week $272,000, last week $250,000.
76% of homes closed this week used Conventional financing. FHA financing was used only 16 times out of 258 closed.
Under contract this week
Homes that went under contract this week were slightly up. 195 this week compared to 189 the previous week.
Aurora-22 Bolingbrook-25
Naperville-29 Plainfield-27
St Charles-17 Yorkville-14
3 short sales were accepted by seller’s this week. 2 were in Bolingbrook and 1 in Montgomery.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 4 with 48 hours, and 1 with 24 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 3 with 48 hours.
Median price of homes that went under contract this week $412,000 with 24 days average market time, last week $420,000 with 30 days average market time.
2023 by the month and a look back to 2019
2023
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
Totals 4143 3689 4482
2022
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
Totals 5243 5184 5611
2021
January 543 649 829
February 561 604 778
March 993 1099 1455
April 1006 926 1387
May 1088 1288 1289
June 1450 1686 1671
Totals 5641 6252 7409
2020
January 1105 566 858
February 1267 529 1024
March 1186 707 1079
April 648 786 775
May 1352 1010 1444
June 1232 908 1534
Totals 6790 4506 6714
2019
January 878 407 568
February 1032 463 832
March 1731 915 1375
April 1594 792 1307
May 1645 995 1280
June 1643 1253 1218
Totals 8523 4825 6580
In 2019 there were more than double the new listings as this year so far. Looking at 5 years you can see why the prices have increased.
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 usually look back at 2022 and 2021. In December we will go back to 2019 again so you can see the 5 years to compare.
Resources
Click on everything that is bold and underlined to take you to the site for the information.
Let us know what other information you are looking for and we will point you in the right direction.
If you are thinking about selling your home request a home valuation and we will also show you an estimate of what you will receive at closing.
You can sign-up for email alerts so you don’t miss out on a listing as it hits the market.
You can also search for a home anytime you like.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices July 1st. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS. SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101