Fox Valley home prices June 18

Fox Valley Home Prices April 23

Fox Valley home prices June 18.  You will see how many new listings, closed, contracts accepted, median prices, financing most used, 2020 by the month and some great resources you might like to check into.

New listings this week were up.  271 this week compared to 243 the previous week.

Closed listings were also up.  279 this week compared to 256 the previous week.

Fox Valley home prices June 18

First, we will take a look at the communities with the most activity this week:

Aurora-New 23 $140,000-$775,000

             Closed-45 $156,000-$679,000

Batavia-New 10 $265,000-$550,000

              Closed-7 $290,750-$670,000

Bolingbrook-New 19 $180,000-$707,500

                     Closed-24 $255,000-$535,000

Geneva-New 9 $339,800-$1,399,000

              Closed-10 $358,000-$1,385,000

Montgomery-New 10 $238,000-$399,900

                       Closed-9 $235,000-$395,000

Naperville-New 52 $276,000-$1,450,000

                   Closed-New 61 $290,000-$1,250,000

Oswego-New 21 $245,000-$575,000

               Closed-11 $240,000-$635,000

Plainfield-New 28 $249,900-$999,000

                 Closed-29 $285,000-$621,000

St Charles-New 29 $142,500-$889,000

                  Closed-13 $304,000-$2,200,000

Yorkville-New 17 $232,900-$850,000

                Closed-12 $331,500-$545,000

Many other communities had activity that you can see above in the photo.

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

Median list price this week $415,950, last week $399,000

Closed median price this week $430,000, last week $415,500.

Stats 061822
Stats for week ending June 18

Conventional financing was used to close on 213 homes at a median price $465,000 with 16 days average market time, last week 184 homes at median price $434,000 with 19 days average market time.

Conv 061822
Conventional financing used to close for week ending June 18

Cash was used to close on 28 homes this week with a median price $362,500 with 11 days average market time, last week 35 homes at median price $402,500 with 18 days average market time.

Cash 061822
Cash used to close for week ending June 18

FHA financing was used to close on 29 homes at median price $310,000 with 14 days average market time, last week 25 homes at median price $320,000 with 34 days average market time.

FHA 061822
FHA financing used to close for week ending June 18

VA financing was used to close on 8 homes this week at a median price $379,000 with 13 days average market time, last week 9 homes at median price $437,180 with 14 days average market time.

VA 061822
VA financing used to close for week ending June 18

Buyer’s closed on 182 homes that were at least 2,000 square feet or more at median price $500,000 with 17 days average market time, last week 167 homes at median price $497,600 with 25 days average market time.  Minimum price this week $225,000, last week $228,000.

2000 SF or more 061822
Homes closed that were at least 2,000 SF or more for week ending June 18

Conventional financing is still the way the majority of buyer’s use to purchase a home.  About 65% of homes sold this week in the Fox Valley area of Illinois are at least 2,000 square feet or more.

Contracts accepted this week

Contracts accepted this week are down.  245 this week compared to 290 the previous week.

Fox Valley home prices June 18-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:

Aurora-37                            Bolingbrook-20

Naperville-39                      Oswego-12

Plainfield-43                       St Charles-22

West Chicago-12                 Yorkville-10

No short sales were accepted by seller’s this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours and also 4 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 48 hours and 1 with 24 hours.

The median price of homes that went under contract this week $379,000 with 23 days average market time, last week median price $379,950 with 31 days average market time.

Contingent Stats 061822
Contingent Stats for week ending June 18

2022 by the month

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                                  793       841             753

Totals                              4741     4616           5130

June could turn out to be the best month so far if it keeps consistent for the rest of the month.

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 will take a look back at 2021 and 2020 so you can compare to this year.

Resources

Everything that is underlined click on to go to the site for the information.  If there is other information that you are looking for not here, just let us know, and we will point you in the right direction.

Check with your loan officer to see what interest rates you will be offered.  It depends on your credit score.  If you need to work on your score they can help you with that.

Request a home valuation  if you are thinking about selling your home.  Tell us a little bit about your home and what has recently been updated.  We will give you an estimate of what it will sell for, and a net proceeds, that shows you an estimate of expenses to sell.  When an offer comes in we will update the net proceeds so you can make a good decision.

If you are thinking about buying a home you will want to get in touch with a loan officer and get them all your financial information so they can put you through underwriting and get approved before you start looking so you know you will be able to get a loan for that property.  You will feel better about spending the money on inspections because if the property appraises out for the purchase price and no title issues you will be closing.

Sign-up for email alerts with the area, price and how many bedrooms and you will receive listings as they hit the market.

Contact us

Call us at 630503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

If you need recommendations for loan officers, real estate attorneys or home inspectors just let us know and we will give you a few to contact so you can choose who you would like to work with.

All data provided here today is from our MLS.  MRED, LLC.  The numbers change continually throughout the day as agents upload their new listings, closed and under contract properties.

Fox Valley home prices June 18.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

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