Fox Valley  home prices January 28th

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Fox Valley home prices January 28th.  Winter has finally arrived in the Fox Valley this week.  It has been snowing for the last 3 days.  Not too much, just enough to cover the ground.

New listings this week are slightly down.  127 this week compared to 134 the previous week.

Closed listings this week are much higher.  98 this week compared to 69 the previous week.

Fox Valley home prices January 28th

Aurora-New 15 $149,900-$640,517

             Closed-21 $130,000-$642,900

Elburn-New 10 $395,000-$1,295,000

            Closed-2 $380,000-$415,000

Naperville-New 18 $300,000-$1,100,000

                   Closed-18 $280,000-$1,100,000

Oswego-New 10 $215,000-$475,000

               Closed-3 $400,000-$500,000

Plainfield-New 24 $279,900-$875,000

                  Closed-7 $309,500-$649,285

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

Median list price this week $399,990, last week $389,990.

Closed median price this week $387,950, last week $335,000.

Fox Valley home prices January 28th-Stats
Fox Valley home prices January 28th-Stats

Conventional financing was used to close on 72 homes this week at median price $429,250 with 45 days average market time, last week 48 homes at median price $346,265 with 57 days average market time.

Conventional financing used to close for week ending January 28th
Conventional financing used to close for week ending January 28th

Cash was used to close on 14 homes this week at median price $304,762 with 40 days average market time, last week 10 homes at median price $309,000 with 40 days average market time.

Cash used to close for week ending January 28th
Cash used to close for week ending January 28th

FHA financing was used to close on 10 homes this week at median price $328,795 with 91 days average market time, last week 9 homes at median price $269,900 with 39 days average market time.

FHA financing used to close for week ending January 28th
FHA financing used to close for week ending January 28th

VA financing was used to close on 3 homes this week at median price $433,500 with 64 days average market time, last week 1 home at $450,000 with 76 days average market time.

VA financing used to close for week ending January 28th
VA financing used to close for week ending January 28th

2,000 square feet or more closed on 61 homes this week at median price $480,000 with 62 days average market time, last week 34 homes at median price $470,500 with 41 days average market time.  Minimum price this week $309,500, last week $286,000.

2,000 SF or more closed for week ending January 28th
2,000 SF or more closed for week ending January 28th

Conventional financing continues to be the best choice for financing.

Homes are staying on the market longer than they were, but if they are priced right, and in great condition they are still selling quickly.  Fresh paint, deep cleaning, and getting rid of the clutter is your best bet for getting it sold right away.  It makes it easier to be ready for showings and more appealing for buyers. 

Homes under contract this week

Homes under contract this week are up.  158 this week compared to 122 the previous week.

Fox Valley home prices January 28th-homes under contract this week

Aurora-23                           Bolingbrook-12

Naperville-26                     Plainfield-17

Yorkville-10

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.  1 with a kick-out clause of 72 hours and also 1 at 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 and also 1 at 48  hours.

Median price of homes under contract this week $387,450 with 68 days average market time, last week median price $379,900 with 64 days average market time.

Under contract this week 012823
Under contract for week ending January 28th

2023 by the month and a look back at 2022 and 2021

2023

Month              New   Closed   Under contract

January             483      326          470

2022

Month              New   Closed   Under contract

January             422      492          623

2021

January             543      649          829

We did better than 2022 for New listings but below 2021.  Closed and under contract are way behind 2022 and 2021.  Hopefully we will continue to be ahead of last year for New listings.   That will help to stabilize pricing.

Resources

Click on each of the bullet points that are bold and underlined to take you to the site for the information.  If you are looking for information not listed here, let us know, and we will point you  in the right direction.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score and other things that your loan officer will explain to you.  They can also help you bring up your score if you need to.

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

Contact us 

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

Fox Valley home prices January 28th.  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

Kriss Picture 012819 3 Thumb nail

Fox Valley residential market January 14th

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Fox Valley residential market January 14th.  I hope you are enjoying this mild January weather.  I know I am.

New residential listings are slightly up.  114 this week compared to 108 the previous week.

Closed residential listing are also slightly up.  89 this week compared to 70 the previous week.

Fox Valley residential market January 14th

Aurora-New 14 $90,000-$529,198

             Closed-14 $160,000-$490,000

Naperville-New 18 $350,000-$3,500,000

                   Closed-16 $405,000-$885,000

Plainfield-New 18 $265,000-$659,999

                  Closed-19 $225,150-$653,400

St Charles-New 13 $253,850-$750,000

                  Closed-6 $515,000-$1,055,000

Click on the photo above to see other communities that had activity this week.  

If you would like me to give you the statistics for the community you are looking in, just let me know.  We can scale all the way down to the neighborhood.

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

Median list price this week $414,900, last week $399,900.

Closed median price this week $399,000, last week $368,000

Stats 011423 Stats for week ending January 14th

Conventional financing was used to close on 66 homes at median price $445,000 with 44 days average market time, last week 54 homes at median price $372,500 with 52 days average market time.

Conv 011423 Conventional financing used to close for week ending January 14th

Cash was used to close on 8 homes this week at median price $387,500 with 27 days average market time, last week  also 8 homes at median price $435,500 with 42 days average market time.

Cash 011423 Cash used to close for week ending January 14th

FHA financing was used to close on 12 homes this week at median price $301,200 with 55 days average market time, last week 5 homes at median price $255,000 with 57 days average market time.

FHA 011423 FHA financing used to close for week ending January 14th.

VA financing was used to close on 2 homes this week at median price $349,495 with 80 days average market time, last week also 2 homes at median price $395,445 with 11 days average market time.

VA 011423 VA financing was used to close for week ending January 14th.

2,000 square feet or more closed on 57 homes at median price $517,000 with 55 days average market time, last week 38 homes at median price $447,500 with 57 days average market time.  Minimum price this week $279,000, last week $258,500.

2000 SF or more 011423 2,000 SF or more closed for week ending January 14th.

Conventional financing continues to be the most used way to close on a home.

Slightly more than half of the homes sold this week are at least 2,000 SF or more.

Contracts accepted this week

Contracts accepted this week by seller’s is up this week.  114 this week compared to 76 the previous week.

Fox Valley residential market January 14th-Contracts accepted this week

Aurora-10                      Naperville-16

Plainfield-23

Seller’s in other communities accepted contracts this week. Click on the photo to see more.  We just highlighted the ones with the most activity.

1 short sale was accepted by a seller this week.  It was in North Aurora.  It will now be submitted 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 and 2 with 48 hours.

Also a seller accepted a contract that is contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours.

Median price of homes that went under contract this week $349,950 with 67 days average market time, last week the median price was $349,750 with 75 days average market time.

Contingent Stats 011423 Median price under contract for week ending January 14th

2023 by the month

Month              New   Closed   Contract accepted

January             222       159             190

Check back with us every Saturday for the residential real estate market update.  At the end of each month we will also take a look back at 2022 and 2021 so you can compare.

Resources

Click on all the bullet points that are bold and underlined to take you to the site for the information.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score and other things that they will explain to you.

We can recommend real estate attorney’s, home inspector’s, termite inspectors,  and places that do radon tests.   Some home inspectors also do them.

All data provided today is downloaded from our MLS, MRED, LLC.  The data changes throughout the day as Realtors® upload their information.

Contact us

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

Fox Valley residential market January 14th.  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

Kriss Picture 012819 3 Thumb nail