Fox Valley home prices June 25

Fox Valley Home Prices April 23

Fox Valley home prices June 25.  We will show you the new, closed, under contract prices in the Fox Valley area of Illinois.   Also, the median prices, financing most used, 2022 by the month and some great resources.

New listings this week are up.  295 this week compared to 271 the previous week.

Closed listings this week are down.  224 this week compared to 270 the previous week.

Fox Valley home prices June 25

Take a look at the communities with the most activity this week:

Aurora-New 37 $173,900-$999,000

            Closed-39 $175,000-$532,093

Bolingbrook-New 21 $199,900-$575,000

                    Closed-18 $240,000-$585,000

Geneva-New 16 $229,000-$1,299,900

             Closed-11 $285,000-$775,000

Naperville-New 64 $349,900-$2,499,000

                 Closed-44 $285,000-$1,319,000

Oswego-New 12 $239,000-$1,235,000

             Closed-9 $320,000-$650,000

Plainfield-New 38 $250,000-$1,150,000

                Closed-29 $240,000-$650,000

St Charles-New 20 $220,000-$3,250,000

                  Closed-19 $215,000-$1,070,000

Yorkville-New 13 $300,000-$649,900

               Closed-14 $88,000-$603,500

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

Median list price this week $425,000, last week $415,950.

Closed median price this week $408,999, last week $430,000

Stats 062522
Stats for week ending June 25

Conventional financing was used to close on 163 homes at median price $450,000 with 13 days average market time, last week 213 homes at median price $465,000 with 16 days average market time.

Conv 062522
Conventional financing used to close for week ending June 25

Cash was used to close on 24 homes this week with a median price $405,999 with 16 days average market time, last week 28 homes at a median price $362,500 with 11 days average market time.

Cash 062522
Cash used to close for week ending June 25

FHA financing was used to close on 27 homes with a median price $306,050 with 11 days average market time, last week 29 home at median price $310,000 with 14 days average market time.

FHA 062522
FHA financing used to close for week ending June 25

VA financing was used to close on 9 homes at median price $365,000 with 14 days average market time, last week 8 homes at median price $379,000 with 13 days average market time.

VA 062522
VA financing used to close for week ending June 25

131 homes closed this week that were at least 2,000 square feet or more at a median price $516,000 with 13 days average market time, last week 182 homes at a median price $500,000 with 17 days average market time.  The minimum price this week was $175,000, last week $225,000.

2000 SF or more 062522
2,000 SF or more homes closed for week ending June 25

Contracts accepted this week

Contracts accepted this week were up slightly.  256 this week compared to 245 the previous week.

Fox Valley home prices June 25-Contracts accepted this week

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

Aurora-36                           Batavia-10

Bolingbrook-21                    Montgomery-13

Naperville-42                      Oswego-20

Plainfield-31                        St Charles-22

1 short sale was accepted by a seller this week.  It was in Plano.  Most homes have appreciated enough that you can sell, and not have to sell short.  If you are having difficulty let us show you what your options are.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  6 with a kick-out clause of 72 hours, 3 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.  2 with a kick-out clause of 48 hours.

Median list price of homes that went under contract this week $375,000 with 22 days average market time, last week median price $379,000 with 23 days average market time.

Contingent Stats 062522
Contingent Stats for week ending June 25

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                              1088      1065              1009

Totals                  5036    4840        5386

Check back with us every Saturday for the Fox Valley area of Illinois real estate market update.  At the end of each month we also take a look back at 2021 and 2020 so you can see how this year is going.  We will do that next week.

Resources

Click on anything that is bold and underlined to take you to the site for the information.  If there is any other information that you are looking for please let us know.

Check with your loan officer to see the rate you will be offered.  It depends on your credit score.  If you need to work on your score they can help you.

Request a home valuation if you are thinking about selling your home.  Tell us about your home and what has recently been updated.  We will do a market analysis  and provide you with a net proceeds that gives you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home you will need to get all your financial information to a loan officer so they can put you through underwriting and get you approved before you even start looking at homes.  Then you will know that when you find a home you will get the loan if it appraises out and no issues with the title.  You will feel better about spending the money on a home inspection.  The seller will look at your offer closer than one that has just been pre-qualified.

You can sign-up foremail alerts so when a home hits the market with your criteria you will automatically get the listing.

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.

If you need recommendations of loan officers, real estate attorney or home inspector just let us know.  We can give you a few to contact so you can decide who you want to work with.

All data provided today is from our MLS.  MRED, LLC.  The numbers change continuously throughout the day as agents upload more information.

Fox Valley home prices June 25.  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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