Fox Valley home prices June 22nd

Fox Valley home prices June 22nd.  Another hot and humid day today then we will will go back to the mid 80’s.

New listings this week are down.  243 this week compared to 271 the previous week.

Closed listings are also down.  205 this week compared to 231 the previous week.

Aurora-New 29 $200,000-$860,000

             Closed-23 $243,000-$740,000

Bolingbrook-New 20 $275,000-$850,000

                      Closed-13 $232,850-$530,000

Elgin-New 21 $200,000-$698,000

          Closed-19 $169,900-$1,060,000

Geneva-New 8 $405,000-$995,000

              Closed-12 $310,000-$998,500

Naperville-New 35 $395,000-$2,499,900

                   Closed-35 $430,000-$1,700,000

Oswego-New 12 $299,900-$700,000

               Closed-7 $265,000-$590,000

Plainfield-New 44 $254,900-$1,799,999

                  Closed-28 $331,500-$930,000

St Charles-New 16 $311,000-$1,200,000

                  Closed-1 $360,150-$2,200,000

Check out the other communities that also had activity this week in the photo above.

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

Median list price this week $475,000, last week $485,000

Closed median price this week $475,000, last week $480,000.

Conventional financing used to close on 153 homes this week at median price $490,000 with 23 days average market time, last week 165 homes at median price $492,000 with 34 days average market time.

Cash was used to close on 33 homes this week at median price $485,000 with 17 days average market time, last week 37 homes at median price $520,000 with 40 days average market time.

FHA financing was used to close on 12 homes this week at median price $379,250 with 18 days average market time, last week 19 homes at median price $325,000 with 16 days average market time.

VA financing was used to close on 5 homes this week at median price $439,000 with 21 days average market time, last week 6 homes at median price $438,445 with 14 days average market time.

2,000 SF or more closed on 145 homes this week at median price $539,000 with 22 days average market time, last week 144 homes at median price $552,500 with 39 days average market time.  Minimum price this week $175,000, last week $276,900.

A little over 74% of homes closed this week used Conventional financing and a little over 70% of homes were at least 2,000 SF or more.

Under contract this week

Homes that went under contract this week are consistent.  234 this week compared to 224 the previous week.

Aurora-28                           Bolingbrook-19

Elgin-22                              Naperville-35

Oswego-17                          Plainfield-29

St Charles-21

2 short sales were accepted by seller’s this week.  1 in Aurora and 1 in Plainfield.  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.  2 with a kick-out clause of 72 hours, 4 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 3 with 48 hours.

That is only 12 out of 234 that went under contract that were contingent on either a closing or a sale and closing.  Not many at all.

Median price of homes that went under contract this week $471,935 with 35 days average market time, last week $452,500 with 32 days average market time.

2024 by the month

Month                 New   Closed   Under contract

January                576       523           599

February              637       416            691

March                   674       612            792

April                     800       688           801

May                     1077      1022         1075

June                       740       657           685

Totals                  4504     3918         4643

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 have something to compare to.

Contact us

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

Click on everything that is bold and underlined to take you to the site for the information.

• Types of loans and the process
• VA loans and the requirements
• Down payment assistance
• IHDA programs
• Request a home valuation
• Sign-up for email alerts
• Search for a home anytime

Let us know if you are looking for any other information.  We will point you in the right direction.

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

Fox Valley home prices June 22nd.  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 June 8th

Fox Valley home prices June 8th.  This is the first full week of June.  Temperatures will range from the mid 70’s to upper 80’s this week.

New listings this week are consistent.  226 this week compared to 219 the previous week.

Closed listings are also consistent.  221 this week compared to 218 the previous week.

Aurora-New 35  $125,000-$729,900

             Closed-21 $175,000-$1,025,000

Bolingbrook-New 14 $285,000-$675,000

                      Closed-14 $240,000-$1,280,000

Elgin-New 16 $249,000-$799,900

          Closed-24 $238,000-$688,110

Geneva-New 10 $309,900-$2,975,000

              Closed-8 $289,000-$725,000

Naperville-New 34 $459,900-$1,995,000

                   Closed-35 $360,000-$1,587,500

Oswego-New 10 $400,000-$717,900

               Closed-6 $264,000-$530,000

Plainfield-New 24 $250,000-$695,900

                  Closed-25 $260,000-$624,757

St Charles-New 19 $300,000-$2,100,000

                   Closed-23 $246,000-$1,488,000

We highlighted the communities with the most activity this week.  Look at photo above for communities that also had activity

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

Median list price this week $467,912, last week $479,900.

Closed median price this week $460,000, last week $447,500.

Conventional financing was used to close on 173 homes this week at median price $470,990 with 28 days average market time, last week 168 homes at median price $470,000 with 26 days average market time.

Cash was used to close on 25 homes at median price $535,000 with 58 days average market time, last week 27 homes at median price $500,000 with 29 days average market time.

FHA financing was used to close on 17 homes at median price $362,000 with 41 days average market time, last week 15 homes at median price $365,000 with 42 days average market time.

VA financing was used to close on 6 homes this week at median price $360,000 with 36 days average market time, last week 7 homes at median price $384,500 with 19 days average market time.

2,000 SF or more closed on 136 homes this week at median price $544,000 with 35 days average market time, last week 141 homes at median price $545,000 with 29 days average market time. Minimum price this week $259,100, last week $235,000.

Not many closed this week used FHA.

Under contract this week

Homes that went under contract this week are slightly up.  227 this week compared to 194 the previous week.

Aurora-21                           Bolingbrook-11

Elgin-29                              Naperville-41

Plainfield-22                       St Charles-19

1 short sale was accepted by a seller this week.  It was in Waterman.  Now it 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.  1 each with a kick-out clause of 72, 48 and 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 and 5 with 48 hours.

One we don’t know the timing of the kick-out clause or if it is contingent on the closing or sale and closing.

Median price of homes under contract this week $449,900 with 31 days average market time, last week $469,585 with 32 days average market time.

2024 by the month

Month              New   Closed    Under contract

January             576       523             599

February           637       416              691

March                674       612              792

April                  800       688             801

May                  1077      1002           1075

June                    226        221             227

Totals               3990      3462           4185

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.

Contact us

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

Check out some great resources.  Click on everything that is bold and underlined and it will take you to the information.

• Types of loans and the process
• VA loans and the requirements
• Down payment assistance
• IHDA programs
• Request home valuation
• Sign-up for email alerts
• Search for a home anytime

Let us know if there is any other information you are looking for.

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

Fox Valley home prices June 8th.  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