Fox Valley home prices June 18
Fox Valley home prices June 18. You will see how many new listings, closed, contracts accepted, median prices, financing most used, 2020 by the month and some great resources you might like to check into.
New listings this week were up. 271 this week compared to 243 the previous week.
Closed listings were also up. 279 this week compared to 256 the previous week.
First, we will take a look at the communities with the most activity this week:
Aurora-New 23 $140,000-$775,000
Batavia-New 10 $265,000-$550,000
Bolingbrook-New 19 $180,000-$707,500
Geneva-New 9 $339,800-$1,399,000
Montgomery-New 10 $238,000-$399,900
Naperville-New 52 $276,000-$1,450,000
Closed-New 61 $290,000-$1,250,000
Oswego-New 21 $245,000-$575,000
Plainfield-New 28 $249,900-$999,000
St Charles-New 29 $142,500-$889,000
Yorkville-New 17 $232,900-$850,000
Many other communities had activity that you can see above in the photo.
Financing most used, median prices and 2,000 SF or more
Median list price this week $415,950, last week $399,000
Closed median price this week $430,000, last week $415,500.
Conventional financing was used to close on 213 homes at a median price $465,000 with 16 days average market time, last week 184 homes at median price $434,000 with 19 days average market time.
Cash was used to close on 28 homes this week with a median price $362,500 with 11 days average market time, last week 35 homes at median price $402,500 with 18 days average market time.
FHA financing was used to close on 29 homes at median price $310,000 with 14 days average market time, last week 25 homes at median price $320,000 with 34 days average market time.
VA financing was used to close on 8 homes this week at a median price $379,000 with 13 days average market time, last week 9 homes at median price $437,180 with 14 days average market time.
Buyer’s closed on 182 homes that were at least 2,000 square feet or more at median price $500,000 with 17 days average market time, last week 167 homes at median price $497,600 with 25 days average market time. Minimum price this week $225,000, last week $228,000.
Conventional financing is still the way the majority of buyer’s use to purchase a home. About 65% of homes sold this week in the Fox Valley area of Illinois are at least 2,000 square feet or more.
Contracts accepted this week
Contracts accepted this week are down. 245 this week compared to 290 the previous week.
Look at the communities seller’s accepted the most contracts this week:
Plainfield-43 St Charles-22
West Chicago-12 Yorkville-10
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. 4 with a kick-out clause of 72 hours and also 4 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 48 hours and 1 with 24 hours.
The median price of homes that went under contract this week $379,000 with 23 days average market time, last week median price $379,950 with 31 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 793 841 753
Totals 4741 4616 5130
June could turn out to be the best month so far if it keeps consistent for the rest of the month.
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 take a look back at 2021 and 2020 so you can compare to this year.
Everything that is underlined click on to go to the site for the information. If there is other information that you are looking for not here, just let us know, and we will point you in the right direction.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
Check with your loan officer to see what interest rates you will be offered. It depends on your credit score. If you need to work on your score they can help you with that.
Request a home valuation if you are thinking about selling your home. Tell us a little bit about your home and what has recently been updated. We will give you an estimate of what it will sell for, and a net proceeds, that shows you an estimate of expenses to sell. When an offer comes in we will update the net proceeds so you can make a good decision.
If you are thinking about buying a home you will want to get in touch with a loan officer and get them all your financial information so they can put you through underwriting and get approved before you start looking so you know you will be able to get a loan for that property. You will feel better about spending the money on inspections because if the property appraises out for the purchase price and no title issues you will be closing.
Sign-up for email alerts with the area, price and how many bedrooms and you will receive listings as they hit the market.
Call us at 630503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
If you need recommendations for loan officers, real estate attorneys or home inspectors just let us know and we will give you a few to contact so you can choose who you would like to work with.
All data provided here today is from our MLS. MRED, LLC. The numbers change continually throughout the day as agents upload their new listings, closed and under contract properties.
Fox Valley home prices June 18. Have an awesome week!
Kristine Heiman, SFR, SRS, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101