Fox Valley home prices December 17th
Fox Valley home prices December 17th. Things have really slowed down the closer we get to the holidays.
We will let you know how many new listings, closed listings, contracts accepted, 2022 by the month, median prices, and financing used to close.
New listings this week were slow but consistent. 86 this week compared to 82 the previous week.
Closed listings were consistent also. 129 this week compared to 132 the previous week.
Aurora-New 17 $199,999-$1,300,000
Naperville-New 9 $425,000-$1,155,000
Plainfield-New 17 $284,900-$725,003
St Charles-New 5 $495,000-$975,000
Other communities had activity this week. Look at the photo above to see. We just highlight the ones with the most activity.
Financing used, median prices and 2,000 SF or more
Median list price this week $385,000, last week $404,450.
Closed median price this week $357,000, last week $385,500.
Conventional financing was used to close on 91 homes this week ate median price $365,000 with 38 days average market time, last week 86 homes at median price $404,500 with 37 days average market time.
Cash was used to close on 21 homes this week at median price $385,000 with 45 days average market time, last week 25 homes at median price $451,900 with 30 days average market time.
FHA financing was used to close on 10 homes at median price $326,250 with 41 days average market time, last week 15 homes at median price $287,900 with 39 days average market time.
VA financing was used to close on 3 homes at median price $360,000 with 51 days average market time, last week 5 homes at median price $330,000 with 42 days average market time.
2,000 SF or more closed on 75 homes at median price $450,000 with 45 days average market time, last week 81 homes at median price $475,000 with 37 days average market time. Minimum price this week $50,000, last week $249,900.
Conventional financing is still the most used financing to close.
Contracts accepted this week
Contracts accepted this week were consistent. 89 this week compared to 94 the previous week.
Look at the photo above for the other communities seller’s accepted contracts.
No short sales were accepted this week by seller’s.
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. 2 with a kick-out clause of 72 hours.
Median price of homes that went under contract this week $379,900 with 56 days average market time, last week $355,745 with 114 days average market time.
2022 by the month
Month New Closed Contracts accepted
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 1019 1134 1062
September 730 733 698
October 699 612 646
November 574 764 624
December 168 261 183
Totals 9388 9620 9732
Couple more weeks left for 2022. New Years Eve we will show you 2021 and 2020 so you can compare the 3 years.
Check back with us every Saturday for the real estate market update in the Fox Valley area of Illinois.
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All data provided is from our MLS, MRED, LLC. The data changes continuously throughout the day as agents upload their information.
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Fox Valley home prices December 17th. Have an awesome week!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101