Fox Valley home prices May 13th
Fox Valley home prices May 13th. It is a rainy weekend. 60 and 70’s next couple weeks and getting down to mid 40’s and 50’s at night.
New listings this week are consistent. 195 this week compared to 201 the previous week.
Closed listings are down. 129 this week compared to 161 the previous week.
Aurora-New 26 $149,900-$649,500
Bolingbrook-New 13 $179,000-$550,000
Naperville-New 51 $365,000-$3,000,000
Plainfield-New 23 $340,000-$925,000
St Charles-New 11 $210,000-$1,325,000
Yorkville-New 11 $249,900-$580,000
Click on the photo above to see the price ranges in communities not listed here.
Financing used, median prices, and 2,000 SF or more
Median list price this week $412,500, last week $429,900.
Closed median price this week $389,000, last week $401,500.
Conventional financing was used to close on 89 homes at median price $395,000 with 37 days average market time, last week 121 homes at median price $419,000 with 17 days average market time.
Cash used to close on 20 homes at median price $363,750 with 21 days average market time, last week 21 homes at median price $410,500 with 63 days average market time.
FHA financing was used to close on 15 homes this week at median price $322,000 with 38 days average market time, last week 15 homes at median price $337,500 with 56 days average market time.
VA financing used to close on 4 homes at median price $407,000 with 67 days average market time, last week 3 homes at median price $379,900 with 5 days average market time.
2,000 square feet or more closed on 74 homes at median price $475,750 with 31 days average market time, last week 100 homes at median price $488,000 with 28 days average market time. Minimum price this week $289,000, last week $310,000.
Just under 69% of homes closed this week using Conventional financing.
Under contract this week
Homes that went under contract this week are up. 232 this week compared to 194 the previous week.
Plainfield-32 St Charles-19
1 short sale was accepted this week by a seller. It was in Sugar Grove. 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, 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. 1 with a kick-out clause of 72 hours and 2 with 48 hours.
Median price of homes that went under contract this week $437,000 with 26 days average market time, last week $399,450 with 27 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 396 290 426
Totals 2774 2317 3166
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.
Click on each underlined bullet point to take you to the site for the information.
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All data provided today is from our MLS, MRED, LLC. It changes throughout the day. The numbers I downloaded this morning will be different than this evenings numbers.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices May 13th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101