Fox Valley home prices August 17th

Posted on August 17, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices August 17th

Fox Valley home prices August 17th. It looks like a couple of days of possible rain with temperatures in the 70’s and lower 80’s.

Today starts the new rules. We can no longer offer cooperating commission on the MLS. This will need to be determined off of the MLS and buyers need to sign buyer agreements before touring a home.

New listings are down. 199 new listings this week compared to 260 the previous week.

Closed listings are up. 220 closed listings this week compared to 197 the previous week.

Aurora-New 28 $208,000-$624,900

Closed-28 $125,000-$801,908

Batavia-New 3 $360,000-$669,900

Closed-10 $280,000-$710,000

Bolingbrook-New 11 $299,900-$652,000

Closed-11 $244,900-$576,000

Elgin-New 22 $229,000-$620,000

Closed-23 $245,000-$745,000

Naperville-New 37 $363,000-$2,490,000

Closed-31 $440,000-$1,375,000

Oswego-New 11 $310,000-$549,900

Closed-14 $327,000-$669,230

Plainfield-New 19 $287,000-$1,400,000

Closed-25 $344,999-$930,000

St Charles-New 15 $349,900-$1,250,000

Closed-10 $305,000-$672,000

Check out the other communities that had activity this week in the photo above. We are highlighting the ones that had the most activity.

Financing most used, median prices, and 2,000 SF or more

Median list price this week $463,750, last week $475,000.

Closed median price this week $460,000, last week $476,000.

Stats 081724 — Stats for week ending August 17th

Conventional financing was used to close on 176 homes this week at median price $455,000 with 22 days average market time, last week 140 homes at median price $487,950 with 23 days average market time.

Conv 081724 — Conventional financing used to close for week ending August 17th

Cash was used to close on 31 homes this week at median price $534,000 with 26 days average market time, last week 32 homes at median price $439,750 with 17 days average market time.

Cash 081724 — Cash was used to close for week ending August 17th

FHA financing was used to close on 12 homes this week at median price $323,000 with 19 days average market time, last week 15 homes at median price $425,000 with 40 days average market time.

FHA 081724 — FHA financing used to close for week ending August 17th

VA financing was used to close on 10 homes at median price 537,500 with 113 days average market time, last week 10 homes at median price $387,500 with 19 days average market time.

VA 081724 — VA financing was used to close for week ending August 17th

2,000 SF or more closed on 147 homes at median price $545,000 with 30 days average market time, last week 122 homes at median price $522,500 with 28 days average market time. Minimum price this week $314,000, last week $251,000.

2000 SF or more 081724 — 2,000 SF or more closed for week ending August 17th

Conventional financing plus cash make up most of the homes closed this week. Only 12 used FHA and 10 VA.

Under contract this week

Homes that went under contract this week are down slightly. 183 this week compared to 200 the previous week.

Aurora-26 Batavia-10

Bolingbrook-17 Elgin-17

Naperville-22 Oswego-10

Plainfield-17

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 hours, 5 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. 2 with a kick-out clause of 72 hours and 1 with 48 hours.

Median price of homes that went under contract this week $419,896 with 29 days average market time, last week $419,950 with 29 days average market time.

Under contract stats 081724 — Under contract stats for week ending August 17th

2024 by the month

Month New Closed Under contract

January 576 523 599

February 637 416 691

March 674 612 792

April 800 688 801

May 1077 1002 1075

June 1009 906 918

July 1173 1050 1094

August 459 426 383

Totals 6405 5623 6353

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 take a look back at 2023 and 2022.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Check out some great information. Click on everything that is bold and underlined to take you to the site for the information.

Also on my website you canrequest a home valuation, sign-up for email alerts, and search for a home anytime.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day.

Fox Valley home prices August 17th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices August 10th

Posted on August 10, 2024August 10, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices August 10th

Fox Valley home prices August 10th. Mid 70’s to low 80’s for the next week. Perfect summer weather!

New listings this week are up. 260 this week compared to to 238 the previous week.

Closed listings are down. 197 this week compared to 296 the previous week.

Aurora-New 31 $209,900-$728,900

Closed-16 $170,000-$780,661

Bolingbrook-New 22 $299,999-$750,000

Closed-8 $300,000-$685,000

Elgin-New 25 $200,000-$769,000

Closed-21 $200,000-$750,000

Naperville-New 39 $379,900-$1,525,000

Closed-34 $332,000-$1,825,000

Oswego-New 12 $295,000-$579,900

Closed-15 $325,000-$775,000

Plainfield-New 35 $300,000-$1,085,000

Closed-31 $240,000-$670,000

St Charles-New 18 $289,000-$1,389,400

Closed-13 $175.000-$1,050,000

These are the communities with the most activity this week. You might want to look at other communities in photo above and find a community with price ranges that you are looking for.

If you are looking for lower taxes you might want to go out a little farther. Lower taxes means less services usually so if that does not matter then you might want to make your search area bigger.

Financing used, median prices, and 2,000 SF or more

Median list price this week $475,000, last week $452,500.

Closed median price this week $476,000, last week $459,900

Stats 081024 — Stats for week ending August 10th

Conventional financing was used to close on 140 homes this week at median price $487,950 with 23 days average market time, last week 223 homes at median price $490,000 with 23 days average market time.

Conv 081024 — Conventional financing used to close for week ending August 10th

Cash was used to close on 32 homes this week at median price $439,750 with 17 days average market time, last week 46 homes at median price $422,500 with 20 days average market time.

Cash 081024 — Cash used to close for week ending August 10th

FHA financing was used to close on 15 homes this week at median price $425,000 with 40 days average market time, last week 21 homes at median price $379,990 with 38 days average market time.

FHA 081024 — FHA financing used to close for week ending August 10th

VA financing was used to close on 10 homes this week at median price $387,500 with 19 days average market time, last week 5 homes at median price $480,990 with 13 days average market time.

VA 081024 — VA financing used to close for week ending August 10th

2,000 SF or more closed on 122 homes at median price $552,500 with 28 days average market time, last week 181 homes at median price $550,000 with 28 days average market time. Minimum price this week $251,000, last week $280,000.

2000 SF or more 081024 — 2,000 SF or more closed for week ending August 10th

Only 7.6% of people used FHA financing this week. You might be able to afford more using FHA but if you can’t get your offer accepted it does not help.