Fox Valley home prices September 24th
Fox Valley home prices September 24th. We will show you the home prices for new listings, closed, contracts accepted, median prices, financing used and 2022 by the month.
New listings this week were up. 185 this week compared to 160 the previous week.
Closed listings were consistent. 172 this week compared to 177 the previous week.
Aurora-New 20 $185,000-$719,000
Bolingbrook-New 12 $165,000-469,000
Geneva-New 12 $255,000-$825,000
Naperville-New 21 $322,000-$1,600,000
Plainfield-New 20 $237,000-$1,175,000
St Charles-New 21 $275,000-$1,699,000
Yorkville-New 14 $249,900-$595,000
These are the communities with the most activity this week. You can click on the photo above to see other communities that also had activity.
You might want to adjust what community you are looking in based on price ranges.
Financing used, median prices and 2,000 SF or more
Median price this week $399,000, last week $389,900
Closed median price this week $385,450, last week $385,000
Conventional financing was used to close on 121 homes this week at median price $400,000 with 27 days average market time, last week 121 homes at median price $399,122 with 28 days average market time.
Cash was used to close on 23 homes at median price $440,000 with 32 days average market time, last week 27 homes at median price $424,500 with 38 days average market time.
FHA financing was used to close on 22 homes at median price $315,000 with 24 days average market time, last week 27 homes at median price $295,000 with 26 days average market time.
VA financing was used to close on 5 homes at median price $290,000 with 15 days average market time, last week 3 homes at median price $414,000 with 24 days average market time.
86 homes closed that were at least 2,000 square feet or more at median price $490,000 with 33 days average market time, last week 100 homes at median price $450,000 with 30 days average market time. Minimum price for 2,000 SF or more this week $234,000, last week $280,000.
Contracts accepted this week
Contracts accepted this week were up. 190 this week compared to 169 the previous week.
St Charles-14 Yorkville-11
Click on the photo to see other communities that seller’s accepted contracts this 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. 4 with a kick-out clause of 72 hours, 2 with 48 hours, and 2 with 24 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, 1 with 48 hours, and 2 with 24 hours.
Median price for homes that went under contract this week $367,450 with 50 days average market time, last week median price $364,900 with 41 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 561 486 530
Totals 7778 7736 8111
So far in September there is more new listings than closed, but almost the same that went under contract. When this triangle shifts prices will either go up or down.
Next week is the last week of the month so we will also take a look back at 2021 and 2020 to compare how this year is going.
Check back with us every Saturday for the market update here in the Fox Valley area of Illinois.
Click on everything that is bold and underlined to take you to the site for the information. Let us know if you are looking for other information not listed. We would be happy to point you in the right direction.
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- Current interest rates
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Check with your loan officer to see what rate you will be offered. It depends on your credit score.
To begin searching for a home you need to get pre-qualified with a loan officer, and it is best if you go ahead and get approved so you know when you do find a home that there will be no problems with the loan if it appraises out and no title issues. No last minute issues.
It is still a good time to sell. Let us know if you have questions.
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All data provided today is from our MLS, MRED, LLC.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
Fox Valley home prices September 24th. 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