Fox Valley home prices March 9th

Fox Valley home prices March 9th. We will be having temperatures from the mid 40’s to mid 60’s up and down for the next couple of weeks.

New listings are slightly up. 197 this week compared to 181 the previous week.

Closed listings are down. 129 this week compared to 154 the previous week.

Aurora-New 28 $164,900-$716,975

Closed-17 $157,000-$455,000

Bolingbrook-New 15 $199,900-$579,900

Closed-6 $262,000-$860,000

Elgin-New 21 $147,000-$925,000

Closed-20 $256,000-$684,900

Naperville-New 33 $435,000-$1,331,500

Closed-8 $375,000-$1,300,000

Plainfield-New 20 $339,900-$879,900

Closed-17 $321,000-$795,000

Yorkville-New 13 $329,900-$950,000

Closed-5 $312,000-$490,000

Take a look at the photo above for other communities that had activity this week and their price ranges.

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

Median list price this week $432,400, last week $440,000.

Closed median price this week $406,000, last week $430,500.

Stats 030924 — Stats for week ending March 9th

Conventional financing was used to close on 88 homes this week at median price $408,000 with 34 days average market time, last week 112 homes at median price $428,100 with 51 days average market time.

Conv 030924 — Conventional financing used to close for week ending March 9th

Cash was used to close on 17 homes this week at median price $490,000 with 54 days average market time, last week 27 homes at median price $515,000 with 38 days average market time.

Cash 030924 — Cash used to close for week ending March 9th

FHA financing was used to close on 15 homes this week at median price $335,000 with 29 days average market time, last week 11 homes at median price $375,000 with 93 days average market time.

FHA 030924 — FHA financing used to close for week ending March 9th

VA financing was used to close on 4 homes this week at median price $387,450 with 47 days average market time, last week 3 homes at median price $390,000 with 32 days average market time.

VA 030924 — VA financing used to close for week ending March 9th

2,000 SF or more closed on 72 homes at median price $532,450 with 50 days average market time, last week 99 homes at median price $521,900 with 60 days average market time. Minimum price this week $285,000, last week $339,900.

2000 SF or more 030924 — 2,000 SF or more homes closed for week ending March 9th

Conventional continues to be the most used way to close. There is still more cash deals closed than FHA.

Under contract this week

Homes that went under contract this week are consistent. 178 this week compared to 173 the previous week.

Aurora-22 Bolingbrook-10

Elgin-19 Naperville-33

Plainfield-23 St Charles-14

1 Short sale was accepted by a seller this week. It was in Elgin. Now it will be submitted to the lender to see if they will also accept it.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 48 hours and 1 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on the current home. 1 with a kick-out clause of 48 hours.

Median price of homes that went under contract this week $425,000 with 43 days average market time, last week $413,000 with 51 days average market time.

Under contract stats 030924 — Under contract stats for week ending March 9th

2024 by the month

Month New Closed Under contract

January 576 523 599

February 637 416 691

March 197 129 178

Totals 1410 1068 1468

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 also take a look back at 2023 and 2022 so you can compare.

Contact us

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

Click on each bold and underlined item to take you to the site for the information.

If you are looking for any other information just let us know.

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

Fox Valley home prices March 9th. 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 19th

Fox Valley home prices August 19th. Heat advisory for the week ahead. Back in the 80’s the following week during the day and 60’s at night.

New listings this week are consistent. 181 this week compared to 179 the previous week.

Closed listings are also consistent. 179 this week compared to 176 the previous week.

Aurora-New 30 $180,000-$1,100,000

Closed-27 $150,000-$905,000

Bolingbrook-New 12 $214,900-$600,000

Closed-17 $235,000-$575,000

Naperville-New 31 $339,900-$1,425,000

Closed-34 $316,000-$1,359,000

Oswego-New 11 $300,000-$499,900

Closed-5 $344,444-$1,350,000

Plainfield-New 17 $314,900-$879,900

Closed-17 $305,000-$746,543

St Charles-New 14 $279,000-$1,250,000

Closed-14 $320,000-$829,000

These are the price ranges of the communities with the most activity this week. Other communities had activity. Look at the photo above to see the price ranges of those communities.

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

Median list price this week $429,900, last week $449,900.

Closed median price this week $435,000, last week $449,945.

Stats 081923 — Stats for week ending August 19th

Conventional financing was used to close on 137 homes this week at median price $448,955 with 28 days average market time, last week 136 homes at median price $449,995 with 29 days average market time.

Conv 081923 — Conventional financing used to close for week ending August 19th

Cash was used to close on 19 homes this week at median price $490,000 with 42 days average market time, last week 25 homes at median price $500,000 with 15 days average market time.

Cash 081923 — Cash used to close for week ending August 19th

FHA financing was used to close on 14 homes at median price $322,500 with 19 days average market time, last week 8 homes at median price $367,500 with 39 days average market time.

FHA 081923 — FHA financing used to close for week ending August 19th

VA financing was used to close on 9 homes at median price $489,000 with 12 days average market time, last week 7 homes at median price $419,900 with 49 days average market time.

VA 081923 — VA financing used to close for week ending August 19th

2,000 square feet or more closed on 115 homes at median price $537,000 with 35 days average market time, last week 116 homes at median price $532,500 with 31 days average market time. Minimum price this week $237,100, last week $233,000.

2000 SF or more 081923 — 2,000 SF or more for week ending August 19th

Conventional financing continues to be the way to close in the Fox Valley area.

Under contract this week

Homes that went under contract this week are consistent. 179 this week compared to 186 the previous week.

Aurora-30 Bolingbrook-14

Montgomery-11 Naperville-23

Plainfield-13 St Charles-13

Yorkville-10

2 short sales were accepted by seller’s this week. 1 each in Aurora and Sandwich. Now they will 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. 3 with a kick-out clause of 72 hours and 2 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and also 3 with 48 hours.

Homes that went under contract this week had a median price $419,900 with 31 days average market time, last week $419,900 with 36 days average market time.

Under contract stats 081923 — Under contract median price for week ending August 19th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

June 1030 1059 926

July 765 745 805

August 545 566 559

Totals 5453 5000 5846

At the end of the month we will also show you 2022 and 2021 so you have something to compare to. Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois.

Resources

Click on everything that is underlined and highlighted to take you to the site for the information. Let us know if you are looking for information not listed here. We will be happy to point you in the right direction.

To find out what your home might sell for in this marketrequest a home valuation and we will also provide you with a net proceeds that will show you and estimate of expenses to sell. When an offer comes in we will update it when we know all the terms.

You can sign-up for email alerts so you will receive listings as they hit the market.

Search for a home anytime you like. You can also keep track of what is selling in your neighborhood.