Fox Valley home prices July 30th

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.

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.

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