Fox Valley home prices June 3rd
Fox Valley home prices June 3rd. The weather is in the 80-90’s and no rain for maybe 2 more weeks. It is very dry.
New listings are up. 231 this week compared to 158 the previous week. Price range this week $175,000-$3,500,000.
Closed listings are up. 237 this week compared to 165 the previous week. Price range this week $121,250-$1,895,000.
Aurora-New 16 $175,000-$629,000
Closed-44 $200,000-$795,717
Batavia-New 10 $299,000-$725,000
Closed-4 $275,000-$511,000
Bolingbrook-New 9 $291,000-$539,900
Closed-15 $220,000-$775,000
Geneva-New 12 $310,000-$3,500,000
Closed-8 $384,000-$975,000
Naperville-New 35 $359,000-$1,725,000
Closed-37 $390,000-$1,895,000
Plainfield-New 35 $184,900-$2,200,000
Closed-37 $270,000-$1,690,000
St Charles-New 15 $175,000-$949,900
Closed-16 $310,000-$1,650,000
West Chicago-New 9 $199,900-$600,000
Closed-10 $320,000-$660,000
Yorkville-New 37 $285,000-$799,000
Closed-11 $332,000-$565,000
These are the communities with the most activity this week. Click on the photo above to see other communities that also had activity.
Financing used, median prices, and 2,000 SF or more
Median list price this week $420,000, last week $445,000
Closed median price this week $420,000, last week $435,000
Conventional financing was used to close on 168 homes this week at median price $437,500 with 22 days average market time, last week 119 homes at median price $440,000 with 24 days average market time.
Cash was used to close on 33 homes at median price $425,000 with 20 days average market time, last week 30 homes at median price $470,000 with 27 days average market time.
FHA financing was used to close on 20 homes this week at median price $337,750 with 43 days average market time, last week 15 homes at median price $335,500 with 26 days average market time.
VA financing was used to close on 14 homes this week at median price $412,500 with 15 days average market time, last week 2 homes at median price $373,450 with 70 days average market time.
2,000 square feet or more closed on 142 homes at median price $510,000 with 26 days average market time, last week 107 homes at median price $522,000 with 32 days average market time. Minimum price this week $255,000, last week $280,000.
Almost 71% of homes closed using Conventional financing.
Under contract this week
Homes under contract this week are down. 156 this week compared to 197 the previous week.
Aurora-19 Naperville-37
Plainfield-22 St Charles-10
1 short sale was accepted by a seller. It was in Naperville. 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 and 1 with 48 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 and also 1 with 48 hours.
Median price of homes that went under contract this week $430,000 with 31 days average market time, last week $419,900 with 32 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 231 237 156
Totals 3344 2867 3712
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 also take a look back at 2022 and 2021 so you have something to compare to.
Resources
Click on each bullet point that is underlined to take you to the site for the information.
- Types of loans and the process
- VA loans and the requirements
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All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Contact us
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal.
Fox Valley home prices June 3rd. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555