Fox Valley home prices May 13th

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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.

Fox Valley home prices May 13th

Aurora-New 26 $149,900-$649,500

             Closed-18 $144,000-$622.530

Bolingbrook-New 13 $179,000-$550,000

                      Closed-10 $250,000-$476,500

Naperville-New 51 $365,000-$3,000,000

                   Closed-16 $309,000-$925,000

Plainfield-New 23 $340,000-$925,000

                  Closed-23 $225,000-$645,390

St Charles-New 11 $210,000-$1,325,000

                  Closed-9 $270,000-$1,000,000

Yorkville-New 11 $249,900-$580,000

                CLosed-3 $330,000-$840,000

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.

Stats 051323
Stats for week ending May 13th

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.

Conv 051323
Conventional financing used to close for week ending May 13th

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.

Cash 051323
Cash used to close for week ending May 13th

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.

FHA 051323
FHA financing used to close for week ending May 13th

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.

VA 051323
VA financing used to close for week ending May 13th

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.

2000 SF or more 051323
2,000 SF or more homes closed for week ending May 13th

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.

Fox Valley home prices May 13th-Under contract this week

Aurora-38                                Bolingbrook-22

Naperville-39                           Oswego-14

Plainfield-32                             St Charles-19

Yorkville-10

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.

Under contract Stats 051323
Under contract stats for week ending May 13th

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.

Resources

Click on each underlined bullet point to take you to the site for the information.

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.

Contact us

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

 

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