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
Bolingbrook-New 17 $185,000-$502,000
Geneva-New 8 $325,000-$1,290,000
Naperville-New 44 $350,000-$1,800,000
Oswego-New 18 $230,000-$498,000
St Charles-New 18 $244,900-$1,400,000
Sycamore-New 12 $199,900-$679,000
West Chicago-New 12 $254,900-$669,900
Yorkville-New 10 $356,990-$639,000
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.
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.
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.
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.
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.
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.
Contracts accepted this week
Contract accepted this week were consistent. 247 this week compared to 245 the previous week.
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.
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.
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.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alert
- Search for a home today
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.
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