Fox Valley home prices July 15th
Fox Valley home prices July 15th. We have finally gotten some much needed rain. The grass is green again.
New listings this week are slightly up. 206 this week compared to 175 the previous week.
Closed listings are consistent. 180 this week compared to 173 the previous week.
Aurora-New 28 $179,900-$835,000
Batavia-New 10 $165,000-$750,000
Bolingbrook-New 14 $269,900-$829,900
Naperville-New 40 $294,900-$5,595,000
Oswego-New 12 $299,000-$489,000
Plainfield-New 25 $220,000-$959,900
St Charles-New 10 $355,000-$2,990,000
Check out the other communities that had activity this week in the photo above.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $441,250, last week $423,384.
Closed median price this week $450,000, last week $420,000.
Conventional financing was used to close on 129 homes this week at median price $487,500 with 26 days average market time, last week 137 homes at median price $445,000 with 29 days average market time.
Cash was used to close on 28 homes this week at median price $457,500 with 29 days average market time, last week 19 homes at median price $442,000 with 12 days average market time.
FHA financing was used to close on 18 homes at median price $403,732 with 34 days average market time, last week 12 homes at median price $328,000 with 4 days average market time.
VA financing was used to close on 5 homes at median price $390,000 with 21 days average market time, last week 4 homes at median price $290,000 with 28 days average market time.
2,000 square feet or more closed on 119 homes this week at median price $530,000 with 32 days average market time. last week 97 homes at median price $515,000 with 32 days average market time. Minimum price this week $178,000, last week $284,000.
71% of homes closed this week using Conventional financing.
Under contract this week
Homes that went under contract this week are slightly up. 207 this week compared to 186 the previous week.
Plainfield-28 St Charles-14
1 short sale was accepted by a seller this week. It was in Naperville.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 7 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 2 with 48 hours.
Homes that went under contract this week had a median price $410,000 with 36 days average market time, last week $400,000 with 30 days average market time.
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 381 353 393
Totals 7960 4042 4875
Homes sell throughout the year. Some months are busier than others.
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 2022 and 2021 so you have something to compare to.
Click on everything that is bold and underlined to take you to the site for the information.
If you are thinking about selling request a home valuation so we can let you know about what your home is worth in today’s market. We can also provide you with a net proceeds that shows an estimate of expenses to sell.
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Search for a home anytime even if it is just to keep up with the home prices.
All data provided today is from our MLS, MRED, LLC. Data changes throughout the day.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices July 15th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101