Fox Valley home prices July 8th
Fox Valley home prices July 8th. We are finally getting some rain. Temperatures for the next couple of weeks will be in the 80’s during the day and mid 60’s at night.
New listings this week are pretty consistent for a holiday week. 175 this week compared to 184 the previous week.
Closed listings are down. 173 this week compared to 258 the previous week.
Aurora- New-27 $225,000-$850,000
Bolingbrook-New 11 $230,000-$534,900
Geneva- New 6 $275,000-$799,900
Naperville-New 33 $359,900-$1,365,000
Plainfield-New 27 $175,000-$795,000
St Charles-New 21 $199,900-$1,695,000
Yorkville-New 10 $299,900-$774,900
Usually when it is a holiday week things are slower.
Click on the photo above to see other communities that had activity this week and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $423,384, last week $439,450.
Closed median price this week $420,000, last week $435,000
Conventional financing was used to close on 137 homes this week at median price $445,000 with 29 days average market time, last week 197 homes at median price $451,000 with 24 days average market time.
Cash was used to close on 19 homes this week at median price $442,000 with 12 days average market time, last week 39 homes at median price $445,000 with 26 days average market time.
FHA financing used to close on 12 homes this week at median price $328,000 with 4 days average market time, last week 16 homes at median price $302,500 with 33 days average market time.
VA financing was used to close on 4 homes this week at median price $290,000 with 28 days average market time, last week 5 homes at median price $350,000 with 10 days average market time.
2,000 square feet or more closed on 97 homes at median price $515,000 with 32 days average market time, last week 162 homes at median price $542,500 with 29 days average market time. Minimum price this week $284,000, last week $272,000.
79% of homes closed using Conventional financing this week.
Under contract this week
Homes that went under contract this week are consistent. 186 compared to 195 the previous week.
Plainfield-30 St Charles-13
1 short sale was accepted by a seller. It was in Montgomery. 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. 3 with a kick-out clause of 72 hours, 5 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, 48, and 24 hours.
Median price for homes that went under contract this week $400,000 with 30 days average market time, last week $412,00 with 24 days average market time.
2023 by the month
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 175 173 186
Totals 4318 3862 4668
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of each month we also take a look back at 2022 and 2021 so you have something to compare to.
Click on everything that is bold and underlined to take you to the site for the information.
If you are thinking about selling a home request a home valuation and we will give you an estimate of what it might sell for in today’s market and provide you with a net proceeds that shows you what you might walk away with at closing.
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You can always search for a home anytime.
All data provided is from our MLS, MRED, LLC. It changes throughout the day.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices July 8th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101