Fox Valley home prices May 20th
Fox Valley home prices May 20th. The weather is almost perfect. In the 70 & 80’s with lows in the mid 40’s and 50’s.
New listings are down. 181 this week compared to 195 the previous week.
Closed listing are up. 148 this week compared to 129 the previous week.
Aurora-New 22 $139,000-$785,000
Bolingbrook-New 14 $235,000-$579,000
Naperville-New 36 $300,000-3,200,000
Plainfield-New 21 $279,900-$899,900
St Charles-New 14 $419,000-$2,980,000
Yorkville-New 10 $347,150-$570,000
Click on the photo above to see 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 $435,000, last week $412,500.
Closed median price this week $420,000, last week $389,000.
Conventional financing was used to close on 116 homes this week at median price $430,000 with 21 days average market time, last week 89 homes at median price $395,000 with 37 days average market time.
Cash was used to close on 17 homes this week at median price $586,305 with 11 days average market time, last week 20 homes at median price $363,750 with 21 days average market time.
FHA financing was used to close on 14 homes this week at median price $345,500 with 37 days average market time, last week 15 homes at median price $322,000 with 38 days average market time.
VA financing was used to close on 1 home this week at $375,000 with 7 days average market time, last week 4 homes at median price $407,000 with 67 days average market time.
2,000 square feet or more closed on 94 homes this week at median price $485,000 with 25 days average market time, last week 74 homes at median price $475,750 with 31 days average market time. Minimum price this week $140,000, last week $289,000.
Slightly over 78% of homes closed this week using Conventional financing.
Under contract this week
Homes under contract this week are down. 193 this week compared to 232 the previous week.
Plainfield-24 St Charles-12
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. 2 with a kick-out clause of 72 hours, 3 with 48 hours, and 3 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 48 hours.
Median price of homes that went under contract this week $400,000 with 32 days average market time, last week $437,000 with 26 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 577 438 619
Totals 2955 2465 3359
Check back with us every Saturday for the real estate market update in 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 this year to.
Click on each underlined bullet point to take you to the site for the information.
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All data provided today is from our MLS, MRED, LLC.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices May 20th. 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