Fox Valley home prices November 4th
Fox Valley home prices November 4th. Fall weather continues. It should be in the mid 50’s for the next couple of weeks.
New listings are down. 132 this week compared to 155 the previous week.
Closed listings are up. 187 this week compared to 149 the previous week.
Aurora-New 16 $165,000-$599,999
Naperville-New 22 $385,000-$1,048,940
Oswego-New 6 $315,000-$509,000
Plainfield-New 24 $319,900-$834,900
St Charles-New 6 $299,000-$1,299,900
Other communities had activity this week. Click on the photo above to see the price ranges in those communities.
Financing used, median prices, and 2,000 SF or more
Median list price this week $432,990, last week $422,500.
Closed median price this week $430,250, last week $425,000.
Conventional financing was used to close on 136 homes this week at median price $442,520 with 30 days average market time, last week 110 homes at median price $422,500 with 32 days average market time.
Cash was used to close on 35 homes this week at median price $405,000 with 18 days average market time, last week 21 homes at median price $475,000 with 36 days average market time.
FHA financing was used to close on 12 homes this week at median price $296,500 with 23 days average market time, last week 12 homes at median price $342,000 with 32 days average market time.
VA financing was used to close on 3 homes this week with median price $321,000 with 162 average market time, last week 4 homes with median price $460,000 with 32 days average market time.
2,000 SF or more closed on 110 homes this week at median price $526,000 with 38 days average market time, last week 9 homes at median price $495,000 with 38 days average market time. Minimum price this week $280,000, last week $189,900. Condition and features is the difference in price.
Conventional financing continues to be the way to go.
Under contract this week
Homes that went under contract this week are consistent. 136 this week compared to 132 the previous week.
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours and 4 with 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 3 with 48 hours.
Median price of homes that went under contract this week $410,000 with 65 days average market time, last week $355,000 with 39 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 132 187 136
Totals 7232 6798 7510
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 also take a look back at 2022 and 2021 so you have something to compared to.
Click on everything that is bold and underlined to take you to the site for the information.
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Check with your loan officer to see what programs they offer and if you can combine some programs.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices November 4th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101