Fox Valley home prices July 29th
Fox Valley home prices July 29th. We have had a couple of extremely hot days. I hope that is the end of those.
New listings are up. 204 this week compared to 180 the previous week.
Closed listings are also up. 212 this week compared to 180 the previous week.
Aurora-New 17 $159,900-$775,000
Closed-35 $187,000-$680,000
Bolingbrook-New 18 $120,000-$779,900
Closed-17 $300,000-$595,000
Geneva-New 10 $300,000-$899,900
Closed-8 $275,000-$2,335,500
Montgomery-New 4 $375,000-$409,900
Closed-11 $250,000-$440,500
Naperville-New 38 $369,900-$2,100,000
Closed-39 $376,000-$2,199,900
Plainfield-New 22 $320,000-$714,990
Closed-28 $270,000-$735,000
St Charles-New 14 $250,000-$1,850,000
Closed-7 $359,900-$1,150,000
Yorkville-New 24 $299,900-$1,490,000
Closed-10 $300,000-$965,000
These are the communities with the most activity this week. Other communities had activity. Click on the photo above to see the price ranges in those communities. You just might find something there.
Financing used, median prices, and 2,000 SF or more
Median list price this week $449,945, last week $434,750.
Closed median price this week $432,500, last week $431,500.
Conventional financing was used to close on 153 homes this week at median price $475,000 with 25 days average market time, last week 132 homes at median price $448,750 with 35 days average market time.
Cash was used to close on 28 homes this week at median price $400,000 with 38 days average market time, last week 22 homes at median price $359,687 with 29 days average market time.
FHA financing was used to close on 19 homes this week at median price $339,900 with 30 days average market time, last week 13 homes at median price $335,000 with 17 days average market time.
VA financing was used to close on 12 homes this week at median price $417,244 with 30 days average market time, last week 10 homes at median price $438,500 with 11 days average market time.
2,000 square feet or more closed on 134 homes this week at median price $552,666 with 34 days average market time, last week 118 homes at median price $503,500 with 53 days average market time. Minimum price this week is the same as last week $250,000.
72% of homes closed using Conventional financing.
Under contract this week
Homes that went under contract this week are down. 185 this week compared to 227 the previous week.
Aurora-23 Naperville-31
Plainfield-33 St Charles-17
No short sales were accepted by seller’s this week.
Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 4 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 each with a kick-out clause of 72 hours, 48 hours, and 24 hours.
Median price of homes that went under contract this week $419,900 with 28 days average market time, last week $414,900 with 30 days average market time.
2023 by the month and a look back at 2022 and 2021
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
July 765 745 805
Totals 4908 4434 5287
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
July 955 932 908
Totals 6198 6116 6519
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
July 1118 1182 1210
Totals 6759 7434 8619
You can see the amount of new listings has drastically gone down. That is why prices have increased so much. We need a bigger supply of homes to bring the prices down.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Resources
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All data provided to day is from our MLS, MRED, LLC. It changes throughout the day as agents 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 July 29th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101