Fox Valley home prices September 17th
Fox Valley home prices September 17th. We will update you on the new listings, closed, contracts accepted, median prices, and financing used for the Fox Valley area of Illinois. We will also take a look back at 2022 by the month.
New listings are down. 160 this week compared to 216 the previous week.
Closed listings are up. 177 this week compared to 137 the previous week.
Aurora-New 25 $155,000-$590,000
Bolingbrook-New 11 $254,000-$849,000
Naperville-New 17 $323,900-$1,995,000
Plainfield-New 22 $209,900-$929,000
St Charles-New 10 $329,900-$749,900
These are just the communities with the most activity this week. Click on the photo above to see the other communities that also had activity. If price is your biggest factor this might help you decide which community to take a look at.
Financing used, median prices and 2,000 SF or more
Median list price this week $389,900, last week $389,999.
Closed median price this week $385,000, last week $382,500.
Conventional financing was used to close on 120 homes this week at median price $399,122 with 28 average market time, last week 102 homes at median price $390,000 with 29 days average market time.
Cash was used to close on 27 homes this week at median price $424,500 with 38 days average market time, last week 16 homes at median price $454,120 with 16 days average market time.
FHA financing was used to close on 27 homes at median price $295,000 with 26 days average market time, last week 16 homes at median price $272,000 with 54 days average market time.
VA financing was used to close on 3 homes this week at median price $414,000 with 24 days average market time, last week also 3 homes at median price $335,000 with 20 days average market time.
Homes that were at least 2,000 square feet or more closed on 100 homes at median price $450,000 with 30 days average market time, last week 80 homes at median price $470,000 with 28 days average market time. Minimum price this week $280,000, last week $223,650.
Contracts accepted this week
Contracts accepted this week were pretty consistent. 169 this week compared to 171 the previous week.
Plainfield-18 St Charles-19
Other communities had contracts accepted. Please click on the photo to see them.
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. 2 with a kick-out clause of 72 ours and also 2 with 48 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 1 that is not marked for timing of the kick -out clause.
Median list price of homes that went under contract this week $364,900 with 41 days average market time, last week median list price $385,900 with 47 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 995 932 908
August 1019 1134 1062
September 376 314 340
Totals 7633 7564 7921
Check back with us every Saturday for the real estate market update. At the end of each month we will also take a look back at 2021 and 2020 so you can compare and see how this year is going.
Click on each item that is bold and underlined and it will take you to the information.
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If there is other information that you are looking for let us know. We will be happy to 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.
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Fox Valley home prices September 17th. Have an awesome week!
Kristine Heiman, SRS, SFR, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101