Fox Valley home prices May 11th
Fox Valley home prices May 11th. It is a gorgeous day today and it looks like it will be from low 60’s to 80 for the next week.
New listings this week are the same. 205 this week compared to 205 the previous week.
Closed listings are way down. 163 this week compared to 251 the previous week.
Aurora-New 21 $190,000-$659,900
Closed-18 $156,100-$752,864
Bolingbrook-New 12 $315,00-$600,000
Closed-11 $230,000-$525,000
Elgin-New 13 $275,000-$975,995
Closed-22 $255,000-$890,000
Geneva-New 13 $339,900-$949,900
Closed-4 $255,000-$1,100,000
Naperville-New 36 $349,000-$1,635,600
Closed-26 $426,000-$1,275,000
Plainfield-New 33 $314,900-$989,900
Closed-13 $300,000-$708,475
St Charles-New 16 $400,000-$3,250,000
Closed-8 $275,000-$690,000
To see the other communities that had activity this week look at the photo above.
Financing used, median prices, and 2,000 SF or more
Median list price this week $474,950, last week $454,995.
Closed median price this week $434,900, last week $456,000.
Conventional financing was used to close on 128 homes this week at median price $469,995 with 29 days average market time, last week 196 homes at median price $475,000 with 27 days average market time.
Cash was used to close on 19 homes this week at median price $409,000 with 13 days average market time, last week 26 homes at median price $385,750 with 30 days average market time.
FHA financing was used to close on 11 homes this week at median price $332,000 with 28 days average market time, last week 18 homes at median price $338,000 with 16 days average market time.
VA financing was used to close on 5 homes at median price $379,990 with 15 days average market time, last week 10 homes at median price $414,500 with 24 days average market time.
2,000 SF or more closed on 89 homes this week at median price $529,900 with 37 days average market time, last week 162 homes at median price $535,250 with 29 days average market time. Minimum price this week $270,000, last week $210,000.
Conventional financing again continues to be the way to go.
Under contract this week
Homes that went under contract this week are consistent. 211 this week compared to 223 the previous week.
Aurora-17 Bolingbrook-14
Elgin-22 Naperville-32
Oswego-13 Plainfield-23
St Charles-13
No short sales were accepted this week by seller’s.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 7 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, 3 with 48 hours, and 1 with 24 hours.
Median price under contract this week $460,000 with 35 days average market time, last week $450,000 with 36 days average market time.
2024 by the month
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 410 414 434
Totals 3097 2653 3317
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also take a look back at 2023 and 2022.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Check out some great resources. Click on everything that is bold and underlined and it will take you to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alerts
- Search for a home anytime
All data provided is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices May 11th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101