Fox Valley home prices October 22nd
Fox Valley home prices October 22nd. We are having a gorgeous weekend here in Illinois. It has been cooler later so 80 today and 76 tomorrow is very welcome.
We will highlight the communities with the most activity this week, show you median prices, financing used, and 2022 by the month so you can see how the year is going.
New listings this week are consistent. 174 this week compared to 173 the previous week.
Closed listing this week were up. 154 this week compared to 132 the previous week.
Aurora-New 17 $170,000-$649,900
Closed-24 $125,000-$475,000
Bolingbrook-New 10 $200,000-$470,000
Closed-12 $200,000-$674,850
Geneva-New 10 $450,000-$865,000
Closed-6 $287,500-$640,000
Montgomery-New 11 $220,000-$417,000
Closed-9 $163,000-$407,000
Naperville-New 27 $375,000-$10,500,000
Closed-16 $300,000-$1,575,000
Plainfield-New 22 $249,900-$1,425,000
Closed-21 $180,000-$583,021
St Charles-New 10 $249,900-$1,150,000
Closed-$300,000-$910,000
Yorkville-New 14 $254,900-$995,000
Closed-7 $240,000-$480,000
You can see other communities in the picture above that also had activity this week.
Financing used, median prices and 2,000 SF or more
Median list price this week $376,950, last week $383,585
Closed median price this week $338,000, last week $361,000.
Conventional financing was used to close on 107 homes this week at median price $350,000 with 33 days average market time, last week 85 homes at median price $405,000 with 31 days average market time.
Cash was used to close on 24 homes this week with a median price $370,000 with 35 days average market time, last week 11 homes with median price $390,000 with 26 days average market time.
FHA financing was used to close on 16 homes at median price $272,290 with 24 days average market time, last week 22 homes at median price $305,000 with 20 days average market time.
VA financing was used to close on 8 homes with median price $287,000 with 23 days average market time, last week 13 homes at median price $357,000 with 38 days average market time.
2,000 square feet or more closed on 75 homes with median price $435,000 with 34 days average market time, last week 74 homes at median price $472,500 with 35 days average market time. Minimum price this week $230,000, last week $265,000.
Contracts accepted this week
Contracts accepted this week week exactly the same as the week before. 160 for both weeks.
Aurora-29 Bolingbrook-13
Naperville-26 Plainfield-12
No short sales accepted this week.
Seller’s accepted a contract that is contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 5 with 48 hours. There was also 1 that did not mark how many hours.
Median price of homes that went under contract this week $352,500 with 39 days average market time, last week median price $350,000 with 44 days average market time.
2022 by the month
Month New Closed Contracts accepted
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 1019 1134 1062
September 730 733 698
October 547 468 490
Totals 8494 8451 8769
New listings are slower to come on the market but they are still selling. Interest rates have increased so it might make a difference on the price of home that buyer’s are looking at. Different types of loans are starting to pop up. You really want to go over them and compare so you understand how they work.
Resources
Click on everything 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
- Current interest rates
- Down payment assistance
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for homes
Check with your loan officer to see what interest rates you will be offered. It depends on your credit score and other things.
If there is information that you are looking for just let us know and we will point you in the right direction.
All data provided today is from our MLS, MRED, LLC. It changes constantly throughout the day.
You can also connect with us on Facebook and if you click on the “shop now” button you can search for homes from there anytime you like.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices October 22nd. Have an awesome week!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101
