Fox Valley home prices July 23rd

Fox Valley home prices July 23rd. I apologize for being late 2 weeks in a row. We will show you the home prices in the Fox Valley area of Illinois. New listings, closed, median prices, financing used, contracts accepted, 2022 by the month, and some great resources for you to check out.

New listing this week were down. 243 this week compared to 277 the previous week.

Closed listings this week were consistent. 245 this week compared to 241 the previous week.

Aurora-New 31 $170,000-$509,900

Closed-31 $150,000-$600,000

Bolingbrook-New 17 $185,000-$502,000

Closed-20 $191,100-$774,900

Geneva-New 8 $325,000-$1,290,000

Closed-13 $40,100-$1,100,000

Naperville-New 44 $350,000-$1,800,000

Closed-40 $300,000-$1,566,475

Oswego-New 18 $230,000-$498,000

Closed-12 $255,000-$595,000

St Charles-New 18 $244,900-$1,400,000

Closed-15 $275,000-$913,000

Sycamore-New 12 $199,900-$679,000

Closed-6 $172,000-$466,000

West Chicago-New 12 $254,900-$669,900

Closed-8 $167,500-$875,000

Yorkville-New 10 $356,990-$639,000

Closed-10 $225,000-$600,000

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

Median list price this week $394,950, last week $400,000

Closed median price this week $396,000, last week $405,200.

Stats 072322 — Stats for week ending July 23rd

Conventional financing was used to close on 179 homes at median price $416,000 with 16 days average market time, last week 175 homes at median price $430,000 with 20 days average market time.

Conv 072322 — Conventional financing used to close for week ending July 23rd

Cash was used to close on 27 homes this week at median price $370,500 with 21 days average market time, last week 24 homes at median price $396,000 with 39 days average market time.

Cash 072322 — Cash used to close for week ending July 23rd

FHA financing used to close on 23 homes this week at median price $315,000 with 27 days average market time, last week 28 homes at median price $317,500 with 13 days average market time.

FHA 072322 — FHA financing used to close for week ending July 23rd

VA financing used to close on 15 homes at median price $378,000 with 18 days average market time, last week 13 homes at median price $399,900 with 16 days average market time.

VA 072322 — VA financing used to close for week ending July 23rd

Homes closed on 141 homes that were at least 2,000 square feet or more this week at median price $475,000 with 17 days average market time, last week 157 homes at median price $498,000 with 18 days average market time. Minimum price this week $274,000, last week $299,000.

2000 SF or more 072322 — 2,000 SF or more homes closed for week ending July 23rd

Contracts accepted this week

Contract accepted this week were consistent. 247 this week compared to 245 the previous week.

Aurora-37 Bolingbrook-23

Geneva-17 Montgomery-12

Naperville-43 Oswego-13

Plainfield-29 St Charles-14

No short sales were accepted this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 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. 3 with a kick-out clause of 72 hours and also 3 with 48 hours.

Median price of home under contract this week $399,500 with 25 days average market time, last week median price $385,000 with 33 days average market time.

Contingent Stats 072322 — Contingent Stats for week ending July 23rd

2022 by the month

Month New Closed Contract 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 777 661 682

Totals 6020 5845 6293

Next week is the last week of the month so we will also look back at 2021 and 2020 so you can compare to see how this year is going.

Resources

Click on anything that is bold and underlined to go to the site for information. If there is information not listed that you are looking for let us know so we can point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score. They can help you if you need to work on your score to bring it up.

We will provide you with a net proceeds when you request a home valuation that shows you an estimated of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about purchasing a home get all your financial information to a loan officer that will put you through underwriting and get you approved subject to appraisal and title work. When you go looking at homes you will be more confident that you will be able to go through with the sale. Seller’s will be more confident in accepting your offer. It just makes sense.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

All data was downloaded yesterday from our MLS, MRED, LLC. Data continuously changes throughout the day.

Fox Valley home prices July 23rd. Have an awesome week!

Kristine Heiman, SRS, SFR, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101