Fox Valley home prices June 24th
Fox Valley home prices June 24th. It is a hot one today! Hopefully we might see some rain in the next couple of days. Mid 80’s during the day and mid 60’s at night for the next couple of weeks . It is severely dry here.
New listings this week are consistent. 204 this week compared to 199 the previous week.
Closed listings are down. 164 this week compared to 229 the previous week.
Aurora-New 26 $200,000-$1,250,000
Bolingbrook-New 28 $239,900-$848,500
Naperville-New 39 $350,000-$1,375,000
Plainfield-New 26 $297,900-$1,350,000
St Charles-New 16 $297,000-$1,395,000
Out of the 25 communities with activity this week. These are the ones that are most active. Click on photo above to see the other communities.
Financing used, median prices, and 2,000 SF or more
Median list price this week $439,450, last week $448,542.
Closed median price this week $435,000, last week $450,000.
Conventional financing was used to close on 113 homes this week at median price $455,000 with 20 days average market time, last week 169 homes at median price $458,000 with 21 days average market time.
Cash was used to close on 31 homes at median price $445,000 with 17 days average market time, last week 34 homes at median price $509,250 with 24 days average market time.
FHA financing was used to close on 17 homes this week with median price $338,000 with 29 days average market time, last week 17 homes at median price $350,000 with 31 days average market time.
VA financing was used to close on 3 homes this week at median price $335,000 with 14 days average market time, last week 7 homes at median price $495,000 with 14 days average market time.
2,000 square feet or more closed on 97 homes this week at median price $510,000 with 24 days average market time, last week 160 homes at median price $520,000 with 25 days average market time. Minimum price this week $250,000, last week $238,000.
Conventional financing continues to be the most used financing at just under 70% this week.
Under contract this week
Homes under contract this week are down slightly. 189 this week compared to 198 the previous week.
Plainfield-24 St Charles-11
1 short sale was accepted by a seller this week. It was in North 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. 2 with a kick-out clause of 72 hours, 2 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 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.
Median price of homes under contract this week is $420,000 with 30 days average market time, last week $449,450 with 36 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 846 801 731
Totals 3959 3431 4287
Check back with us every Saturday for the Fox Valley area of Illinois real estate market update. At the end of each month we will also take a look back at 2022 and 2021 so see how they compare.
Click on each bullet point and anything that is bold and underlined to take you to the site for the information.
Check with your loan officer to see if they offer any programs that will help with closing costs or anything else.
If you would like to see what your home is worth on today’s market request home valuation and we will give you an idea of what the costs to sell your home might be.
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You can always search for a home anytime or check on what homes are selling for.
Let us know what information you need.
All data was provided this morning by our MLS, MRED, LLC. It changes continuously throughout the day.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices June 24th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES. AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101