Fox Valley home prices November 11th
Fox Valley home prices November 11th. It doesn’t look like rain this next week and mid 50’s to lower 60’s.
New listings this week are up. 155 this week compared to 132 the previous week.
Closed listings are down. 134 this week compared to 187 the previous week.
Aurora-New 20 $149,900-$599,900
Closed-19 $168,000-$1,145,000
Bolingbrook-New 10 $215,000-$895,000
Closed-8 $245,000-$515,000
Naperville-New 22 $425,000-$2,699,000
Closed-15 $386,500-$2,295,000
Plainfield-New 27 $294,900-$750,000
Closed-28 $281,000-$748,000
Yorkville-New 8 $315,000-$1,200,000
Closed-11 $300,000-$678,724
Other communities had activity this week. You can see the price ranges in those communities in the photo above.
Financing used, median prices, and 2,000 SF or more
Median list price this week $409,900, last week $432,990.
Closed median price this week $407,450, last week $430,250.
Conventional financing used to close on 100 homes this week at median price $425,000 with 32 days average market time, last week 136 homes at median price $442,520 with 30 days average market time.
Cash was used to close on 16 homes at median price $405,995 with 17 days average market time, last week 35 homes at median price $405,000 with 18 days average market time.
FHA financing was used to close on 12 homes at median price $346,500 with 33 days average market time, last week 12 homes at median price $296,500 with 23 days average market time.
VA financing was used to close on 3 homes this week at median price $466,410 with 23 days average market time, last week 3 homes at median price $321,000 with 162 days average market time.
2,000 square feet or more closed on 83 homes this week at median price $470,000 with 34 days average market time, last week 110 homes ate median price $526,000 with 38 days average market time. Minimum price this week $292,000, last week $280,000.
Homes under contract this week
Home under contract this week are down. 119 this week compared to 136 the previous week.
Aurora-19 Naperville-24
Plainfield-13
No short sales accepted by seller’s this week.
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 2 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 3 with 48 hours.
One that does not say how many hours and if it is contingent on the close or selling and closing.
Homes that went under contract this week median price $394,444 with 32 days average market time, last week $410,000 with 65 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 1030 1059 926
July 765 745 805
August 869 988 915
September 684 621 623
October 639 568 549
November 287 321 255
Totals 7387 6932 7629
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 it to.
Houses sell throughout the year in every month.
Resources
Click on anything that is bold and underlined to 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 home valuation
- Sign-up for email alerts
- Search for a home anytime
If you are looking for a home and are worried about the interest rates we might be able to find you a home that refinanced with an awesome rate and is assumable.
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 your real estate questions. Your goal is our goal.
Fox Valley home prices November 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