Fox Valley home prices September 3rd

Fox Valley Home Prices September 3rd

Fox Valley home prices September 3rd.  Happy Labor Day weekend.  We will update you on new listings, closed, Contracts accepted, median prices, financing used, and 2022 by the month and a look back at 2021 and 2020.  Also, we will share some great resources for you to check out.

New listings this week were down.  162 this week compared to 214 the previous week.

Closed listings were up.  279 this week compared to 189 the previous week.

Fox Valley home prices September 3rd

Aurora-New 24 $205,000-$617,000

            Closed-41 $149,788-$300,000

Bolingbrook-New $230,000-$656,962

                      Closed-27 $216,000-$781,249

Geneva-New 6 $430,000-$1,649,800

              Closed-10 $240,117-$620,000

Montgomery-New 10 $234,999-$400,000

                       Closed-7 $219,900-$350,000

Naperville-New 22 $299,000-$6,500,000

                  Closed-46 $266,000-$1,435,000

Oswego-New 5 $399,900-$510,000

               Closed-24 $160,000-$935,000

Plainfield-New 28 $175,000-$939,000

                 Closed-30 $220,000-$1,021,000

Plano-New 2 $209,000-$475,000

           Closed-11 $127,500-$395,000

St Charles-New 9 $339,900-$1,525,000

                  Closed-18 $177,000-$780,000

Yorkville-New 8 $215,000-$439,990

                Closed-17 $190,000-$500,295

Click on the photo above to see the activity in the other communities and prices.

Median prices, financing used, and 2,000 SF or more

Median list price this week $380,000, last week $400,000.

Closed median price this week $380,000, last week $410,000.

Stats 090322
Stats for week ending September 3rd

Conventional financing was used to close on 199 homes this week at median price $410,000 with 27 days average market time, last week 149 homes at median price $429,800 with 24 days average market time.

Conv 090322
Conventional financing used to close for week ending September 3rd

Cash was used to close on 33 homes this week at median price $300,000 with 20 days average market time, last week 19 homes at median price $424,000 with 25 days average market time.

Cash 090322
Cash used to close for week ending September 3rd

FHA financing was used to close on 33 homes at median price $308,000 with 24 days average market time, last week 17 homes at median price $317,000 with 20 days average market time.

FHA 090322
FHA financing used to close for week ending September 3rd

VA financing was used to close on 11 homes at median price $305,000 with 21 days average market time, last week 4 homes at median price $402,000 with 16 days average market time.

VA 090322
VA financing used to close for week ending September 3rd

Homes that are at least 2000 square feet or more closed on 160 homes at median price $448,725 with 27 days average market time, last week 127 homes at median price $475,000 with 27 days average market time.  Minimum price this week $152,000, last week $235,000.

2000 SF or more 090322
Homes that were at least 2,000 SF or more closed for week ending September 3rd

Contracts accepted this week

Contracts accepted this week were down.  196 this week compared to 215 the previous week.

Fox Valley home prices September 3rd-Contracts accepted this week

Aurora-31                              Batavia-10

Bolingbrook-18                     Naperville-24

Plainfield-25                         St Charles-11

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.  5 with a kick-out clause of 72 hours and 7 with 48 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, 1 with 48 hours, and 3 with 24 hours.

Median price of homes that went under contract this week $363,875 with 33 days average market time, last week median price $375,000 with 38 days average market time.

Contingent Stats 090322
Contingent stats for week ending September 3rd

2022 by the month and a look back at 2021 and 2020

2022

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

Totals                     7217       7250            7581

2021

January                   543        649              829

February                 561        604              778

March                     993       1099            1455

April                     1006         926            1387

May                      1088       1288            1289

June                      1450       1686            1671

July                        1118        1182            1210

August                  1109       1203            1170

Totals                   7868       8637           9789

2020

January                1105         566             858

February              1267         529            1024

March                   1186         707            1079

April                      648         786             775

May                     1352        1010           1444

June                     1232         908            1534

July                      1417        1453            1852

August                1037        1335            1436

Totals                 9244        7294          10002

This gives you a better picture of how things have gone in the last 3 years.  You can see why prices have increased.  

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Resources

Click on all everything that is bold and underlined to take you to the site for the information.

Check with your loan officer for the interest rate you will be offered.  It depends on your credit score.  They can also help you if you need to work on it.

If you are looking for a home you will want to find a loan officer that will put you through underwriting and get approved so yo can work out any kinks and know that if a seller accepts your offer it will go through if it appraises out and no title issues.  Why wait until a week before closing to find out?

 

All data provided today is from our MLS,  MRED, LLC.  It changes continuously throughout the day as agents upload their information.

Contact us

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 3rd.  Have a wonderful and safe Labor Day weekend!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kriss New profile for FB 123121 

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