Fox Valley home prices September 10th
Fox Valley home prices September 10th. This first full week of September we will show you the home prices for New listings, closed, contracts accepted, financing used and September by the month.
New listings this week are up. 216 this week compared to 162 the previous week.
Closed listings are way down. 137 this week compared to 279 the previous week.
Aurora-New 26 $169,900-$614,900
Bolingbrook-New 17 $219,900-$659,000
Geneva-New 10 $255,000-$1,299,000
Montgomery-New 14 $199,000-$390,000
Naperville-New 40 $359,000-$3,499,000
Plainfield-New 30 $280,000-$680,000
St Charles-New 15 $219,000-$1,595,000
Click on the photo above to see all communities that had activity this week. I just highlighted the ones that had the most activity.
Financing used, median prices and 2,000 SF or more
Median list price this week $389,999, last week $380,000.
Closed median price this week $382,500, last week $380,000.
Conventional financing was used to close 102 homes at median price $390,000 with 29 days average market time, last week 199 homes at median price $410,000 with 27 days average market time.
Cash was used to close 16 homes at median price $454,120 with 16 days average market time, last week 33 homes at median price $300,000 with 20 days average market time.
FHA financing was used to close 16 homes at median price $272,000 with 54 days average market time, last week 33 homes at median price $308,000 with 24 days average market time.
VA financing was used to close 3 homes at median price $335,000 with 20 days average market time, last week 11 homes at median price $305,000 with 21 days average market time.
Homes that were at least 2,000 square feet or more closed on 80 homes at median price $470,000 with 28 days average market time, last week 160 homes at median price $448,725 with 27 days average market time. Minimum price this week $223,650, last week minimum price $152,000.
Contracts accepted this week
Contracts accepted this week were down. 171 this week compared to 196 the previous week.
Plainfield-20 St Charles-15
You can click on the photo to see other communities that had activity this week. I highlighted the communities with the most activity.
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, 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 list price of homes that went under contract this week $385,900 with 47 days average market time, last week median price $363,875 with 33 days average market time.
2022 by the month
Month New Closed Contracts accepted
January 420 492 623
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 216 137 171
Totals 7431 7387 7752
June is the month most seller’s wanted to list their homes, close, and went under contract.
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 at 2021 an 2020 so you can compare the 3 years.
Click on everything that is bold and underlined to go to the site for information. If you need other information not listed, please let us know, and we will point you in the right direction.
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All data provided today is from our MLS, MRED, LLC. It changes continuously throughout the day as agents upload their information.
Fox Valley home prices September 10th. 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