Fox Valley home prices July 30th

Fox Valley Home Prices April 23

Fox Valley home prices July 30th.  I hope you had a great week!  We are back to update you on the new listings, closed, contracts accepted, median prices, financing used, and 2022 by the month with a  look back at 2021 and 2020.

New listings this week were down.  218 this week compared to 277 the previous week.  Many are getting vacations in before school starts.

Closed listings this week are up.  271 this week compared to 241 the previous week.  The end of the month is when most buyers want to close.

Fox Valley home prices July 30th

Aurora-New 34 $165,000-$575,000

            Closed-35 $110,000-$625,000

Batavia-New 4 $305,000-$445,000

             Closed-12 $167,000-$969,900

Bolingbrook-New 15 $249,900-$649,000

                    Closed-21 $208,000-$640,000

Geneva-New 14 $370,000-$1,795,000

             Closed-15 $295,000-$1,775,000

Montgomery-New 6 $244,900-$399,000

                     Closed-10 $186,000-$365,000

Naperville-New 31 $385,000-$3,500,000

                  Closed-45 $359,900-$1,700,000

Oswego-New 13 $270,000-$620,000

              Closed-13 $280,000-$600,000

Plainfield-New 35 $194,900-$625,000

                Closed-35 $180,000-$1,069,527

St Charles-New 10 $300,000-$725,000

                  Closed-18 $230,000-$715,000

West Chicago-New 13 $185,000-$575,000

                       Closed-12 $275,000-$590,000

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

Median list price this week $389,900, last week $400,000

Closed median price this week $395,000, last week $405,200.

Stats 073022
Stats for week ending July 30th

Conventional financing was used to close on 193 homes this week at a median price $416,000 with 31 days average market time, last week 175 homes at median price $430,000 with 20 days average market time.

Conv 073022
Conventional financing used to close for week ending July 30th

Cash was used to close on 34 homes this week at median price $451,551 with 21 days average market time, last week 24 homes at median price $396,000 with 39 days average market time.

Cash 073022
Cash used to close for week ending July 30th

FHA financing was used to close on 37 homes this week at median price $269,000 with 18 days average market time, last week 28 homes at median price $317,500 with 13 days average market time.

FHA 073022
FHA financing was used to close for week ending July 30th

VA financing was used to close on 5 homes this week at median price $365,000 with 4 days average market time, last week 13 homes at median price $399,900 with 16 days average market time.

VA 073022
VA financing used to close for week ending July 30th

Homes that were at least 2,000 square feet or more closed on 156 homes at median price $507,450 with 29 days average market time, last week 157 homes at median price $498,000 with 18 days average market time. Minimum price this week $285,000, last week $299,000.

2000 SF or more 073022
Homes that were at least 2,000 SF or more for week ending July 30th

Contracts accepted this week

Contracts accepted this week were down.  226 this week compared to 245 the previous week.

Fox Valley home prices July 30th-Contracts accepted this week

Aurora-28                           Bolingbrook-16

Geneva-12                           Montgomery-12

Naperville-28                      Oswego-11

Plainfield-32                       St Charles-17

Sycamore-10

1 short sale was accepted by a seller this week.  It was in Aurora.  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.  4 with a kick-out clause of 72 hours, 1 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.  5 with a kick-out clause of 48 hours.

Median list price of homes that went under contract this week $373,450 with 31 days average market time, last week median list price $385,000 with 33 days average market time.

Contingent Stats 073022
Contingent stats for week ending July 30th

2022 by the month and a look back at 2021 and 2020

2022

Month        New   Closed   Contracts 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               995        932                  908

Totals      6238    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

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

July             1417        1453                 1852

Totals      8207     5959          8566

You can see how the new listings are less every year for the last 3 years.  That explains the price increases.  Check back with us every Saturday for the Fox Valley area of Illinois home prices.

Resources

Everything that is underlined and bold click on to go to the site for the information.  If there is information that you are looking for not listed below let us know and we will 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.  If you need to work on your score your loan officer can help you with that.

Getting approved for a loan before you even start looking is smart.  Find a lender that will put you through underwriting to get you approved.  You will be more confident in looking and will not be chewing your finger nails waiting to be approved a week before closing.

All data is downloaded this morning from our MLS.  MRED, LLC.  It is continuously updated throughout the day as agents enter information.

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.

We will guide you through the process.

Fox Valley home prices July 30th.  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 New profile for FB 123121

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