Fox Valley home prices November 26th
Fox Valley home prices November 26th. I hope everyone enjoyed a Happy Thanksgiving with family and friends. It is a short week this week since the holiday.
We will update you on how many new listings, closed, contracts accepted, 2022 by the month, resources, and how to get in touch with us.
New listings are down. 80 this week compared to 126 the previous week.
Closed listings were also down. 112 this week compared to 176 the previous week.
Aurora-New 25 $95,000-$672,900
Bolingbrook-New 6 $299,000-$424,900
Naperville-New 5 $340,000-$1,019,000
Plainfield-New 13 $260,000-$740,900
Other communities had activity this week. We are just highlighting the ones with the most activity. Look at photo above for other community activity and prices.
Financing used, median price, and 2,000 SF or more
Median list price this week $364,900, last week $392,449.
Closed median price this week $382,495, last week $401,500.
Conventional financing was used to close on 79 homes this week at median price $415,000 with 35 days average market time, last week 128 homes with median price $415,750 with 40 days average market time.
Cash was used to close on 9 homes this week with a median price $475,000 with 26 days average market time, last week 26 homes at median price $415,500 with 28 days average market time.
FHA financing was used to close on 19 homes this week at median price $300,000 with 47 days average market time, last week 16 homes at median price $296,250 with 29 days average market time.
VA financing was used to close on 5 homes this week with median price $340,000 with 34 days average market time, last week 6 homes with median price $359,949 with 27 days average market time.
2,000 square feet or more closed on 69 homes at median price $460,000 with 34 days average market time, last week 108 homes at median price $484,750 with 38 days average market time. Minimum price this week closed at $267,000, last week minimum price was $280,000.
Conventional financing continues to be the choice for loans.
Contracts accepted this week
Contracts accepted this week are consistent even in a short week. 132 this week compared to 128 the previous week.
Plainfield-20 St Charles-10
Other communities had activity. We are just highlighting the ones with the most activity. Look at picture above for communities with 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. 4 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, 2 with 48 hours, and 1 with 24 hours.
Median price of homes that went under contract this week $375,000 with 54 days average market time, last week median price $331,450 with 40 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 730 733 698
October 699 612 646
November 469 587 512
Totals 9155 9182 9437
All the numbers are pretty tight. No extra new listings hanging around. They are getting sold.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also look back at 2021 and 2020 so you can see how this year compares. We will do this next week. Monday and Tuesday should have a lot of closings because of the holiday this week.
Click on everything that is bold and underlined to take you to the site for the information.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for homes
Check with your loan officer for the interest rate you will be offered. It depends on your credit score and other things that they will explain to you.
IHDA programs might not be offering anything right now, but I am leaving it there just in case they start another program.
All data provided today is from our Multiple Listing Service, MRED, LLC. It changes continuously throughout the day.
You can also connect with us onfacebook and search for homes there by clicking on the “shop now” button.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices November 26th. 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