Fox Valley home prices March 11th
Fox Valley home prices March 11th. We are still on a rollercoaster with the temps. We have gone from Monday in the 60’s to snow.
New listings this week are up. 145 this week compared to 127 the previous week.
Closed listings are down. 118 this week compared to 144 the previous week.
Aurora-New 6 $195,000-$345,000
Bolingbrook-New 8 $299,900-$849,000
Naperville-New 28 $289,900-$2,390,000
Plainfield-New 29 $275,000-$766,255
Yorkville-New 10 $350,000-$695,000
Other communities had activity this week. Click on the photo above to see the price ranges in those communities.
Financing used, median prices, and 2,000 SF or more
Median list price this week $412,000, last week $400,000
Closed median price this week $347,500, last week $374,495.
Conventional financing was used to close on 91 homes at median price $380,000 with 59 days average market time, last week 99 homes at median price $401,000 with 50 days average market time.
Cash was used to close on 14 homes this week at a median price $377,500 with 49 days average market time, last week 16 homes at median price $355,000 with 36 days average market time.
FHA financing was used to close on 11 homes this week at median price $226,500 with 52 days average market time, last week 21 homes at median price $300,000 with 77 days average market time.
VA financing was used to close on 3 homes this week at median price $447,500 with 17 days average market time, last week 6 homes at median price $346,500 with 62 days average market time.
2,000 square feet or more closed on 67 homes this week at median price $447,500 with 65 days average market time, last week 86 homes at median price $432,950 with 55 days average market time. Minimum price this week $220,000, last week $168,000.
77% of the homes closed used conventional financing. Almost 57% of the homes closed were at least 2,000 sf.
Under contract this week
Homes that went under contract this week are up. 172 this week compared to 147 the previous week.
1 short sale was accepted by a seller this week. It was in Yorkville. Now it will be submitted to the lender to see if they will also accept.
Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 5 with 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 1 with 24 hours.
Median price of homes that went under contract this week $407,500 with 49 days average market time, last week $399,000 with 55 days average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 630 526 789
March 145 118 172
Totals 1258 970 1431
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 look back at 2022 and 2021 so you have something to compare to see how this year is going.
Click on each underlined bullet point 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
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- Search for homes
When you sign-up for email alerts you can receive an email as soon as a home hits the market so you don’t miss out on a thing. If you let us know what you are looking for we can also let you know about homes that are “coming soon” to the market.
All data provided today is from our MLS. MRED, LLC. It 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 March 11th. 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