Fox Valley home prices February 4th
Fox Valley home prices February 4th. We still have snow on the ground. Not too much. We should hover around 40° starting today and through this next week.
New listings this week are down. 108 this week compared to 127 the previous week.
Closed listings are down slightly. 111 this week compared to 98 the previous week.
Aurora-New 8 $179,900-$325,000
Bolingbrook-New 9 $239,900-$479,900
Naperville-New 15 $299,900-$875,000
Plainfield-New 18 $219,900-$825,000
Yorkville-New 5 $399,900-$565,000
Click on the photo above to see other communities with activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $385,000, last week $399,990. (I had to go back in and download this a couple hours later so by then there were 3 more new listings added for this week.)
Closed listings median price this week $352,335, last week $387,950.
Conventional financing was used to close on 81 homes this week at median price $385,000 with 63 days average market time, last week 72 homes at median price $429,250 with 45 days average market time.
Cash was used to close on 11 homes this week at median price $190,000 with 58 days average market time, last week 14 homes at median price $304,762 with 40 days average market time.
FHA financing used to close this week on 13 homes at median price $295,000 with 64 days average market time, last week 10 homes at median price $328,795 with 91 days average market time.
VA financing was used to close on 6 homes this week at median price $428,750 with 59 days average market time, last week 3 homes at median price $433,500 with 64 days average market time.
2,000 SF or more closed on 67 homes at median price $421,250 with 70 days average market time, last week 61 homes at median price $480,000 with 62 days average market time. Minimum price this week $152,000, last week median price $309,500.
Homes under contract this week
Under contract this week were slightly up. 165 this week compared to 158 the previous week.
Click on the photo above to see other communities that had homes that went under contract this week.
3 short sales were accepted this week by seller’s. 1 each in Bolingbrook, Montgomery, and Somonauk. Now they will go to the lender to see if they will also accept.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 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, 4 with 48 hours, and 1 with 24 hours.
Median price of homes that went under contract this week $369,900 with 59 days average market time, last week median price $387,450 with 68 hours average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 108 111 165
Totals 591 437 635
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 take a look back at 2022 and 2021 so you have something to compare this year to.
Click on each of the bullet points to take you to the site for the information. Let us know if you are looking for other information and we will point you in the right direction.
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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. Get all your financial information to them as quickly as you can, so they can get started on the approval process You might have things you have to work on and now is the time to do that before you find a home. Once this process is over you can be confident on the price range you are looking in.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home prices February 4th. 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