Fox Valley home prices July 13th

Posted on July 13, 2024July 13, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices July 13th

Fox Valley home prices July 13th. It is going to be a hot one today. The next few days will also be hot and they are calling for storms each day until Wednesday.

New listings this week are up. 299 this week compared to 165 the previous week.

Closed listings are also up. 194 this week compared to 175 the previous week. We did have a holiday week last week so it was not a full week of activity.

Aurora-New 30 $210,000-$645,000

Closed-15 $225,000-$1,050,000

Bolingbrook-New 19 $299,900-$785,398

Closed-16 $292,000-$600,000

Elgin-New 16 $214,900-$625,000

Closed-20 $205,000-$659,900

Geneva-New 11 $289,900-$949,000

Closed-7 $300,528-$585,000

Montgomery-New 10 $225,000-$449,000

Closed-5 $297,000-$450,000

Naperville-New 53 $329,900-$2,250,000

Closed-35 $373,000-$1,270,000

Oswego-New 13 $250,000-$699,900

Closed-8 $230,000-720,000

Plainfield-New 34 $325,000-$1,120,000

Closed-14 $305,000-$650,000

St Charles-New 22 $190,000-$2,495,000

Closed-10 $301,500-$899,000

Yorkville-New 20 $285,000-$800,000

Closed-10 $305,000-$563,000

We highlighted the communities with the most activity this week. Look at photo above to see activity in other communities and their price ranges.

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

Median list price this week $470,000, last week $474,995.

Closed median price this week $467,000, last week $460,000.

Stats 071324 — Stats for week ending July 13th

Conventional financing was used to close on 152 homes this week at median price $469,500 with 16 days average market time, last week 137 homes at median price $477,000 with 23 days average market time.

Conv 071324 — Conventional financing used to close for week ending July 13th

Cash was used to close on 23 homes this week at median price $475,000 with 28 days average market time, last week 18 homes at median price $397,500 with 36 days average market time.

Cash 071324 — Cash used to close for week ending July 13th

FHA financing was used to close on 10 homes this week at median price $318,450 with 14 days average market time, last week 15 homes at median price $368,700 with 21 days average market time.

FHA 071324 — FHA financing used to close for week ending July 13th

VA financing was used to close on 8 homes this week at median price $497,500 with 9 days average market time, last week 5 homes at median price $480,000 with 14 days average market time.

VA 071324 — VA financing used to close for week ending July 13th

2,000 SF or more closed on 125 homes this week at median price $525,000 with 21 days average market time, last week 120 homes at median price $530,000 with 26 days average market time. Minimum price this week $237,000, last week week $179,900.

2000 SF or more 071324 — 2,000 SF or more closed for week ending July 13th

78% of homes closed this week used Conventional financing. This trend is not changing. It has been consistent with the tight inventory.

Under contract this week

Homes that went under contract this week are down. 188 this week compared to 229 the previous week.

Aurora-30 Bolingbrook-10

Elgin-19 Naperville-27

Oswego-14 Plainfield-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. 3 with a kick-out clause of 72 hours, 2 with 48 hours, and 4 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.

Median price of homes that went under contract this week $450,000 with 29 days average market time, last week $429,630 with 30 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 1009 906 918

July 464 369 417

Totals 5237 4516 5293

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.

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

All data provided today is downloaded from our MLS, MRED, LLC.

Fox Valley home prices July 13th. 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 1st

Posted on June 1, 2024June 1, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 1st

Fox Valley home prices June 1st. No need to water garden or flowers today. It is raining. First part of the week it is going to be hot in the 80’s and then back to mid 70’s.

New listings this week are up slightly. 219 this week compared to 193 the previous week.

Closed listing are also slightly up. 218 this week compared to 188 the previous week.

Aurora-New 17 $195,000-$859,900

Closed-16 $175,000-$671,000

Bolingbrook-New 10 $334,900-$639,900

Closed-13 $285,000-$620,000

Elgin-New 21 $225,000-$1,695,000

Closed-25 $108,000-$626,000

Geneva-New 8 $430,000-$1.300,000

Closed-14 $260,000-$740,000

Naperville-New 43 $350,000-$2,625,000

Closed-38 $270,000-$1,630,000

Plainfield-New 27 $285,000-$699,900

Closed-32 $270,000-$942,000

St Charles-New 17 $200,000-$725,000

Closed-16 $272,000-$1,350,000

Yorkville-New 13 $295,000-$1,077,720

Closed-12 $384,990-$639,900

These are the communities with the most activity this week. Other communities also had activity. You can see the price ranges of those communities in the photo above.

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

Median list price this week $479,900, last week $455,000.

Closed median price this week $447,500, last week $464,950.

Stats 060124 — Stats for week ending June 1st

Conventional financing was used to close on 168 homes this week at median price $470,000 with 26 days average market time, last week 138 homes at median price $486,500 with 22 days average market time.

Conv 060124 — Conventional financing used to close for week ending June 1st

Cash was used to close on 27 homes this week at median price $500,000 with 29 days average market time, last week 38 homes at median price $437,500 with 24 days average market time.

Cash 060124 — Cash used to close for week ending June 1st

FHA financing was used to close on 15 homes this week at median price $365,000 with 42 days average market time, last week 10 homes at median price $316,000 with 23 days average market time.

FHA 060124 — FHA financing used to close for week ending June 1st

VA financing was used to close on 7 homes this week at median price $384,500 with 19 days average market time, last week 1 home at $500,000 with 6 days average market time.

VA 060124 — VA financing used to close for week ending June 1st

2,000 SF or more closed on 141 homes this week at median price $545,000 with 29 days average market time, last week 123 homes at median price $560,000 with 26 days average market time. Minimum price this week $235,000, last week $270,000.

2000 SF or more 060124 — 2,000 SF or more for week ending June 1st

Conventional financing + Cash = 89% of homes closed this week. Only 22 homes out of the 218 were FHA or VA. If your loan officer is pre approving you for FHA find out what you can do to change it to Conventional. See if it is credit score or what.

Under contract this week

Homes under contract this week are down slightly. 194 this week compared to 218 the previous week.

Aurora-27 Bolingbrook-12

Elgin-22 Naperville-32

Oswego-11 Plainfield-20

St Charles-11 Yorkville-11

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. 4 with a kick-out clause of 72 hours, 5 with 48 hours, and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with kick-out clause of 48 hours and also 1 with 24 hours.

Median price of homes that went under contract this week $469,585 with 32 days average market time, last week $455,000 with 35 days average market time.

2024 and a look back at 2023 and 2022

2024

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

Totals 3764 3241 3958

2023

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

Totals 3113 2630 3556

2022

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

Totals 3948 3775 4377

We are heading in the right direction for new listings but we still need more in every price range to meet buyer’s needs.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Contact us

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

Check our these great resources. Click on everything that is bold and underlined to take you to the information.

If you are looking for any other information please let us know and we will point you in the right direction.

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

Fox Valley home prices June 1st. 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 May 4th

Posted on May 4, 2024May 4, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 4th

Fox Valley home prices May 4th. Today it is going to be 81 degrees. It should be from mid 60’s to mid 70’s for the next couple of weeks.

Hummingbirds have come back. Lawns are being mowed. I love Spring!

New listing this week are consistent. 205 this week compared to 196 the previous week.

Closed listing are way up. 251 this week compared to 175 the previous week.

Aurora-New 14 $180,000-$575,000

Closed-26 $210,000-$875,000

Batavia-New 8 $339,900-$625,000

Closed-16 $286,000-$830,000

Bolingbrook-New 14 $285,000-$799,971

Closed-23 $180,000-$1,130,000

Elgin-New 22 $249,900-$765,000

Closed-32 $140,000-$2,350,000

Naperville-New 32 $425,000-$2,399,000

Closed-44 $290,000-$1,550,000

Oswego-New 7 $450,000-$1,800,000

Closed-10 $405,000-$630,634

Plainfield-New 26 $289,900-$949,000

Closed-22 $310,000-$689,900

St Charles-New 22 $297,000-$1,500,000

Closed-18 $200,000-$1,710,000

Yorkville-New 5 $340,990-$549,900

Closed-10 $315,000-$652,000

These are the communities with the most activity this week. Other communities also had activity. You can see those in the photo above. If you are not finding the price range you are looking for let me know. We will find it.

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

Median list price this week $454,995, last week $469,990.

Closed median price this week $456,000, last week $450,000.

Stats 050424 — Stats for week ending May 4th

Conventional financing was used to close on 196 homes this week at median price $475,000 with 27 days average market time, last week 130 homes at median price $442,495 with 44 days average market time.

Conv 050424 — Conventional financing used to close for week ending May 4th

Cash was used to close on 26 homes this week at median price $385,750 with 30 days average market time, last week 26 homes at median price $511,500 with 33 days average market time.

Cash 050424 — Cash used to close for week ending May 4th

FHA financing was used to close on 18 homes this week at median price $338,000 with 16 days average market time, last week 9 homes at median price $375,000 with 30 days average market time.

FHA 050424 — FHA financing used to close for week ending May 4th

VA financing was used to close on 10 homes this week at median price $414,500 with 24 days average market time, last week 9 homes at $435,000 with 24 days average market time.

VA 050424 — VA financing used to close for week ending May 4th

2,000 SF or more closed on 162 homes this week at median price $535,250 with 29 days average market time, last week 114 at median price $507,500 with 49 days average market time. Minimum price this week $210,000, last week $309,000.

Conventional financing will be the way to go until more homes come on the market and there are not so many buyers.

Under contract this week

Homes that went under contract this week are up slightly. 223 this week compared to 196 the previous week.

Aurora-17 Bolingbrook-15

Elgin-35 Geneva-13

Naperville-28 Plainfield-39

St Charles-18

These are the communities that seller’s accepted the most contracts. Look at photo above to see other communities.

There were no short sales 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 4 with 48 hours.

Also, Sellers 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 3 with 48 hours.

Median price of homes that went under contract this week $450,000 with 36 days average market time, last week $457,500 with 32 days average market time.

Under contract stats 050424 — Under contract stats for week ending May 4th

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 205 251 223

Totals 2892 2490 3106

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 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.

Here are some great resources to check out. Click on everything that is bold and underlined to take you to the site for the information.

You need to be patient with this market but ready to go as soon as a home hits the market or you will lose out on it.

Getting pre-qualified with a loan officer is a must. A seller will not want to guess if you can buy their home.

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

Fox Valley home prices May 4th. 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 March 16th

Posted on March 16, 2024March 16, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 16th

Fox Valley home prices March 16th. It is going to get to almost 60 today and then roller coaster with the temperatures for the next couple of weeks. It will range from the mid 30’s to the mid 50’s. We really didn’t have much of a winter. We will see how the spring weather turns out. So far so good.

New listings are down slightly. 181 this week compared to 197 the previous week.

Closed listings are slightly up. 137 this week compared to 129 the previous week.

Aurora-New 16 $163,000-$759,000

Closed-15 $206,500-$550,000

Bolingbrook-New 10 $300,000-$645,000

Closed-13 $258,000-$980,850

Elgin-New 12 $165,000-$589,990

Closed-15 $135,000-$591,840

Naperville-New 30 $329,900-$2,990,000

Closed-19 $375,000-$2,315,000

Oswego-New 11 $409,900-$1,295,000

Closed-9 $355,000-$546,332

Plainfield-New 26 $320,000-$699,000

Closed-17 $305,000-$865,000

St Charles-New 13 $349,000-$2,650,000

Closed-9 $300,000-$930,000

Other communities had activity this week. Check the photo above to see the price ranges in those communities. You just might find the price range you are looking for.

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

Median list price this week $455,365, last week $432,400.

Closed median price this week $425,000, last week $406,000.

Stats 031624 — Stats for week ending March 16th

Conventional financing was used to close on 101 homes this week at median price $434,990 with 37 days average market time, last week 88 homes at median price $408,000 with 34 days average market time.

Conv 031624 — Conventional financing used to close for week ending March 16th

Cash was used to close on 22 homes this week at median price $360,000 with 18 days average market time, last week 17 homes at median price $490,000 with 54 days average market time.

Cash 031624 — Cash used to close for week ending March 16th

FHA financing was used to close on 8 homes this week at median price $305,000 with 22 days average market time, last week 15 homes at median price $335,000 with 29 days average market time.

FHA 031624 — FHA financing used to close for week ending March 16th

VA financing was used to close on 6 homes this week at median price $511,500 with 20 days average market time, last week 4 homes at median price $387,450 with 47 days average market time.

VA 031624 — VA financing used to close for week ending March 16th

2,000 SF or more closed on 79 homes this week at median price $540,000 with 40 days average market time, last week 72 homes at median price $532,450 with 50 days average market time. Minimum price this week $247,000, last week $285,000.

2000 SF or more 030924 — 2,000 SF or more closed for week ending March 16th

Conventional financing continues to be the choice close with. You might be able to afford more using FHA but seller’s are accepting the conventional loan offers.

Under contract this week

Homes that went under contract this week are consistent. 186 this week compared to 178 the previous week.

Aurora-20 Batavia-10

Bolingbrook-17 Elgin-32

Naperville-19 Oswego-12

Plainfield-14

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. 1 with a kick-out clause of 72 hours and 1 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, 1 with 48 hours, and 1 with 24 hours.

Median price of homes that went under contract this week $422,500 with 31 days average market time, last week $425,000 with 43 days average market time.

Under contract stats 031624 — Under contract stats for week ending March 16th

2024 by the month

Month New Closed Under contract

January 576 523 599

February 637 416 691

March 378 266 364

Totals 1591 1205 1654

We are picking us as we go. It just is not fast enough with the new listings.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also take a look back at 2023 and 2022.

Contact us

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

Click on anything that is underlined and bold to take you to the information.

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

Fox Valley home prices March 16th. 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 March 2nd

Posted on March 2, 2024March 2, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 2nd

Fox Valley home prices March 2nd. It was a beautiful sunny day today in the 60’s. The next couple of days will be in the lower 70’s then back in the mid 50’s.

New listings this week were up. 181 this week compared to 144 the previous week.

Closed listings were also up. 154 this week compared to 92 the previous week.

Aurora-New 21 $189,000-$999,900

Closed-12 $197,000-$532,000

Bolingbrook-New 8 $219,900-$645,000

Closed-10 $264,500-$1,008,711

Elgin-New 15 $230,000-$649,900

Closed-18 $220,500-$585,000

Naperville-New 38 $369,900-$1,750,000

Closed-26 $372,000-$2,117,778

Plainfield-New 16 $315,000-$799,900

Closed-19 $293,000-$693,375

St Charles-New 10 $325,000-$1,100,000

Closed-11 $270,000-$949,000

Check 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 $440,000, last week $444,900.

Closed median price this week $430,500, last week $389,900.

Stats 030224 — Stats for week ending March 2nd

Conventional financing was used to close on 112 homes this week at median price $428,100 with 51 days average market time, last week 64 homes at median price $397,500 with 47 days average market time.

Conv 030224 — Conventional financing used to close for week ending March 2nd

Cash was used to close on 27 homes this week at median price $515,000 with 38 days average market time, last week 16 homes at median price $482,495 with 126 days average market time.

Cash 030224 — Cash used to close for week ending March 2nd

FHA financing was used to close on 11 homes at median price $375,000 with 93 days average market time, last week 9 homes at median price $352,000 with 34 average market time.

FHA 030224 — FHA financing used to close for week ending March 2nd

VA financing was used to close on 3 homes at median price $390,000 with 32 days average market time, last week 3 homes at median price $389,900 with 65 days average market time.

VA 030224 — VA financing used to close for week ending March 2nd

2,000 SF or more closed on 99 homes this week at median price $521,900 with 60 days average market time, last week 59 homes at median price $499,990 with 66 days average market time. Minimum price this week $339,900, last week $264,000.

2000 SF or more 030224 — 2,000 SF or more closed for week ending March 2nd

Conventional financing continues to be the most popular way to close.

Under contract this week

Homes that went under contract this week are down slightly. 173 this week compared to 184 he previous week.

Aurora-19 Bolingbrook-12

Elgin-18 Naperville-19

Oswego-15 Plainfield-12

2 short sales were accepted this week by seller’s. 1 in Batavia and 1 in Waterman. 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, 5 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 48 hours.

Median price of homes that went under contract this week $413,000 with 51 days average market time, last week $440,836 with 41 days average market time.

Under contract stats 030224 — Under contract stats for week ending March 2nd

2024 by the month and a look back at 2023 and 2022

2024

Month New Closed Under contract

January 576 523 599

February 637 416 691

Totals 1213 936 1290

2023

January 483 326 470

February 630 526 789

Totals 1113 852 1259

2022

January 422 492 623

February 523 520 724

Totals 945 1012 1347

We are heading into the right direction with new listings. It still is not enough though.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Contact us

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

Information to check out. Click on each underlined and bold item to take you to the site for the information.

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

Fox Valley home prices March 2nd. 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 February 3rd

Posted on February 3, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices February 3rd

Fox Valley home prices February 3rd. Temperatures this next week are going to be so nice! Upper 40’s to mid 50’s.

New listings this week are up. 138 this week compared to 119 the previous week.

Closed listings are also up. 140 this week compared to 97 the previous week.

Take a look at the communities with the most activity this week and their price ranges.

Aurora-New 18 $210,000-$775,000

Closed-13 $165,000-$680,000

Elgin-New 14 $255,000-$589,990

Closed-22 $161,000-$1,185,000

Naperville-New 24 $290,000-$1,699,000

Closed-11 $460,000-$2,700,000

Plainfield-New 17 $320,000-$700,000

Closed-24 $250,000-$800,000

Look at the photo above for other communities that had activity and their price ranges.

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

Median list price this week $426,495, last week $411,450.

Closed median price this week $388,700, last week $381,000

Stats 020324 — Stats for week ending February 3rd

Conventional financing was used to close on 100 homes this week at median price $419,500 with 63 days average market time, last week 71 homes at median price $435,000 with 49 days average market time.

Conv 020324 — Conventional financing used to close for week ending February 3rd

Cash was used to close on 19 homes this week at median price $400,000 with 37 days average market time, last week 15 homes at median price $350,000 with 20 days average market time.

Cash 020324 — Cash used to close for week ending February 3rd

FHA financing was used to close on 16 homes this week at median price $363,245 with 52 days average market time, last week 9 homes at median price $325,000 with 36 days average market time.

FHA 020324 — FHA financing used to close for week ending February 3rd

VA financing was used to close on 5 homes this week at median price $385,000 with 41 days average market time, last week 2 at median price $315,000 with 45 days average market time.

VA 020324 — VA financing used to close for week ending February 3rd

2,000 SF or more closed on 82 homes at median price $521,000 with 61 days average market time, last week 53 homes at median price $495,000 with 52 days average market time. Minimum price this week $249,900, last week $246,000.

2000 SF or more 020324 — 2,000 SF or more closed for week ending February 3rd

71% of homes closed using Conventional financing this week.

Under contract this week

Homes that went under contract this week are up slightly. 142 this week compared to 131 the previous week.

Aurora-19 Bolingbrook-10

Elgin-24 Naperville-15

Plainfield-17

1 short sale was accepted by a seller this week. It was in Aurora. 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 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 24 hours.

Median price of homes that went under contract this week $407,444 with 52 days average market time, last week median price $399,900 with 66 days average market time.

Under contract stats 020324 — Under contract stats for week ending February 3rd

2024 by the month and a look back at 2023 and 2022

2024

Month New Closed Under contract

January 579 523 599

2023

January 483 326 470

2022

January 422 492 623

We waited until this week since there were 3 days this week still in January.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Contact us

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

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

Information for you to check out

Fox Valley home prices February 3rd. 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 January 13th

Posted on January 13, 2024January 13, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 13th

Fox Valley home prices January 13th.d 20 degrees and sunny today after a snow day yesterday. Temperatures are supposed to drop drastically this afternoon and the next few days will be 0 or below for a high. So it is time to bundle up.

New listings this week are up. 128 this week compared to 92 the previous week.

Close listings are also up. 106 this week compared to 84 the previous week.

This week was the first full week of the year. New year’s day everything was closed.

We have added 2 towns this week by request. Elgin and South Elgin so it will change some of the numbers.

Aurora-New 13 $166,400-$660,000

Closed-19 $163,000-$575,500

Elgin-New 20 $249,900-$675,995

Closed-9 $157,000-$664,635

Naperville-New 12 $379,900-$1,599,000

Closed-11 $425,000-$975,000

Plainfield-New 31 $292,500-$875,000

Closed-23 $209,000-$1,110,000

Take a look at the photo above to see other communities that had activity this week and their price ranges.

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

Median list price this week $425,000, last week $400,000

Closed median price this week $356,250, last week $365,000.

Stats 011324 2 — Stats for week ending January 13th

Conventional financing was used to close on 73 homes this week at median price $375,000 with 37 days average market time, last week 51 homes at median price $389,500 with 47 days average market time.

Conv 011324 2 — Conventional financing used to close for week ending January 13th

Cash was used to close on 14 homes this week at median price $485,500 with 34 days average market time, last week 20 homes at median price $350,000 with 65 days average market time.

Cash 011324 2 — Cash used to close for week ending January 13th

FHA financing was used to close on 18 homes this week at median price $312,500 with 31 days average market time, last week 9 homes at median price $346,000 with 26 days average market time.

FHA 011324 2 — FHA financing used to close for week ending January 13th

VA financing was used to close on 1 homes this week at $440,500 with 55 days average market time, last week 4 homes at median price $319,500 with 24 days average market time.

VA 011324 2 — VA financing used to close for week ending January 13th

2000 SF or more closed on 49 homes this week at median price $450,000 with 40 days average market time, last week 41 homes at median price $480,000 with 69 days average market time. Minimum price this week $250,000, last week $200,000.

2000 SF or more 011324 2 — 2000 SF or more closed for week ending January 13th

Conventional financing continues into 2024 to be the most used way to close on a home in the Fox Valley area of Illinois. Finally FHA surpassed Cash this week.

Under contract this week

Homes under contract this week are up. 133 this week compared to 72 the previous week.

Aurora-15 Bolingbrook-12

Elgin-21 Naperville-12

Plainfield-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. 1 with a kick-out clause of 72 hours and 1 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 48 hours and 1 that didn’t specify how many hours.

Homes under contract median price this week $397,000 with 62 days average market time, last week $419,450 with 60 days average market time.

Under contract stats 011324 2 — Under contract stats for week ending January 13th

2024 by the month

Month New Closed Under contract

January 220 190 205

Contact us

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

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

Information to check out

If you need recommendations for a loan officer, real estate attorney or home inspector we can recommend a few and you decide who you want to work with.

Fox Valley home prices January 13th. Have an awesome week and stay warm!

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 December 2nd

Posted on December 2, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 2nd

Fox Valley home prices December 2nd. The weather has not been bad so far for this time of year. We had a little snow but that is gone now. No snow for at least the next couple of weeks.

New listing are up. 115 this week compared to 67 the previous week.

Closed listings are up. 153 this week compared to 90 the previous week.

It was a holiday week the previous week so it is not comparing to a normal week.

Aurora-New 17 $205,000-$699,000

Closed-21 $185,000-$640,000

Bolingbrook-New 13 $239,900-$529,900

Closed-11 $280,000-$801,736

Geneva-New 3 $435,000-$1,393,805

Closed-10 $365,500-$710,000

Naperville-New 21 $349,900-$4,888,000

Closed-21 $325,000-$2,550,000

Oswego-New 4 $405,643-$600,510

Closed-11 $265,000-$1,325,000

Plainfield-New 19 $295,000-$695,000

Closed-26 $239,800-$657,395

St Charles-New 1 $898,000

Closed-10 $290,000-$1,934,500

Yorkville-New 5 $394,500-$429,900

Closed-11 $310,000-$475,000

Other communities had activity this week. Look at the photo above to see the price ranges in those communities.

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

Median list price this week $407,771, last week $375,000.

Closed median price this week $424,900, last week $387,000.

Stats 120223 — Stats for week ending December 2nd.

Conventional financing was used to close on 104 homes this week at median price $430,000 with 39 days average market time, last week 58 homes at median price $387,500 with 30 days average market time.

Conv 120223 — Conventional financing used to close for week ending December 2nd.

Cash was used to close on 24 homes this week at median price $444,432 with 40 days average market time, last week 14 homes at median price $402,500 with 34 days average market time.

Cash 120223 — Cash used to close for week ending December 2nd.

FHA financing used to close on 15 homes this week at median price $330,000 with 50 days average market time, last week 11 homes at median price $360,000 with 14 days average market time.

FHA 120223 — FHA financing used to close for week ending December 2nd.

VA financing was used to close on 8 homes this week at median price $409,900 with 56 days average market time, last week 7 homes at median price $483,293 with 23 days average market time.

VA 120223 — VA financing used to close for week ending December 2nd.

2,000 SF or more closed on 95 homes this week at median price $497,500 with 44 days average market time, last week 44 homes at median price $481,646 with 38 days average market time. Minimum price this week $229,900, last week $301,000.

2000 SF or more 120223 — 2,000 SF or more closed for week ending December 2nd.

Conventional financing continues to be the way to go if you do not have cash.

Under contract this week

Homes that went under contract this week are slightly down. 92 this week compared to 115 the previous week.

Aurora-17 Naperville-11

Plainfield-16

No short sales were accepted by seller’s this week.

A seller accepted a contract this week that is contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 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 5 with 48 hours.

Median price of homes that went under contract this week $360,000 with 44 days average market time, last week $399,900 with 38 days average market time.

Under contract stats 120223 — Median prices of home under contract for week ending December 2nd.

2023 by the month and a look back at 2022 and 2021

2023

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

June 1030 1059 926

July 765 745 805

August 869 988 915

September 684 621 623

October 639 568 549

November 601 720 610

Totals 7701 7331 7984

2022

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

Totals 9220 9359 9549

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1008 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

Totals 10143 11875 12901

The numbers keep decreasing every year. That is why prices have gone up so much. Not enough homes come on the market.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Contact us

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

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

For some great resources about types of loans and the process, VA loans and the requirements, down payment assistance, IHDA programs, home valuation request and to sign-up for email alerts go here.

Fox Valley home prices December 2nd. 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 October 28th

Posted on October 28, 2023October 28, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices October 28th

Fox Valley home prices October 28th. Today is a gorgeous 50 degree sunny day. There will not be too many of them after today. Mid 40’s and possible snow on Halloween.

New listings are down this week. 155 this week compared to 165 the previous week.

Closed listings are consistent. 149 this week compared to 152 the previous week.

Fox Valley home prices October 28th

Aurora-New 14 $155,000-$750,000

Closed-27 $189,900-$950,000

Bolingbrook-New 12 $269,990-$763,649

Closed-10 $160,000-$889,057

Naperville-New 26 $314,995-$2,895,000

Closed-23 $300,000-$1,799,000

Oswego-New 4 $224,900-$529,262

Closed-10 $300,000-$614,025

Plainfield-New 22 $314,900-$950,000

Closed-18 $190,000-$716,935

St Charles-New 11 $219,900-$1,850,000

Closed-6 $343,000-$690,000

Yorkville-New 12 $289,900-$829,000

Closed-7 $180,00-$470,000

Out of 28 communities that saw some kind of activity, these 7 had the most activity. Look at the photo above to see the other communities price ranges.

Financing used, median price, and 2000 SF or more

Median list price this week $422,500, last week $420,000.

Closed median price this week $425,000, last week also $425,000.

Stats 102123 — Stats for week ending October 28th

Conventional financing was used to close on 110 homes this week at median price $422,500 with 32 days average market time, last week 112 homes at median price $457,500 with 28 days average market time.

Conv 102823 — Conventional financing used to close for week ending October 28th

Cash was used to close on 21 homes this week at median price $475,000 with 36 days average market time, last week 18 homes at median price $436,000 with 31 days average market time.

Cash 102823 — Cash used to close for week ending October 28th

FHA financing was used to close on 12 homes at median price $342,000 with 32 days average market time, last week 17 homes at median price $315,000 with 36 days average market time.

FHA 102823 — FHA financing used to close for week ending October 28th

VA financing was used to close on 4 homes at median price $460,000 with 32 days average market time, last week 5 homes at median price $408,000 with 20 days average market time.

VA 102823 — VA financing used to close for week ending October 28th

2,000 SF or more closed on 89 homes at median price $495,000 with 38 days average market time, last week 102 homes at median price $493,500 with 31 days average market time. Minimum price this week $189,900, last week $269,000.

2000 SF or more 102823 — 2000 SF or more closed for week ending October 28th

Conventional financing continues to be the type of financing seller’s are accepting if not cash.

Under contract this week

Homes that went under contract this week are slightly up. 132 this week compared to 125 the previous week.

Aurora-25 Bolingbrook-11

Naperville-13 Plainfield-21

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 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 hours, 48 hours and 1 that was not marked with a time.

Median price of homes that went under contract this week $355,000 with 39 days average market time, last week median price $400,000 with 44 days average market time.

Under contract 102823 — Under contract stats for week ending October 28th

2023 by the month and a look back at 2022 and 2021

2023

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

June 1030 1059 926

July 765 745 805

August 869 988 915

September 684 621 623

October 639 568 549

Totals 7100 6611 7374

2022

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

Totals 8646 8595 8925

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

Totals 9666 11021 11970

You can see the numbers going down from 2021 to 2023.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Resources

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

So many people refinanced when the interest rates were low. Now you have a good selling point if it is assumable. The buyers would have to get approved but it is better than the current interest rates.

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

Contact us

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

Fox Valley home prices October 28th. 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 October 21st

Posted on October 21, 2023October 21, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices October 21st

Fox Valley home prices October 21st. Mid 60’s until Tuesday it will get up to 77, and then the next week we will get into the mid 40’s.

New listings this week are up. 165 this week compared to 128 the previous week.

Closed listings are also up. 152 this week compared to 115 the previous week.

Aurora-New 19 $60,000-$609,000

Closed-18 $215,000-$1,050,000

Bolingbrook-New 14 $270,000-$889,000

Closed-8 $294,000-$540,000

Elburn-New 10 $409,900-$525,000

Closed-2 $245,000-$415,000

Naperville-New 25 $339,000-$1,799,000

Closed-20 $325,000-$1,287,500

Oswego-New 13 $300,000-$574,000

Closed-11 $235,000-$567,990

Plainfield-New 18 $315,000-$725,000

Closed-27 $274,900-$737,289

St Charles-New 16 $315,000-$2,100,000

Closed-13 $275,000-$975,000

Yorkville-New 10 $315,000-$639,900

Closed-11 $213,000-$512,521

These are not the only communities to have activity this week. Click on the photo above to see what other communities had activity and their price ranges. You might find what you are looking for.

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

Median list price this week $420,000, last week $395,000.

Closed median price this week $425,000, last week $385,000.

Conventional financing was used to close on 112 homes this week at median price $457,500 with 28 days average market time, last week 87 homes at median price $390,000 with 31 days average market time.

Conv 102123 — Conventional financing used to close for week ending October 21st.

Cash used to close on 18 homes this week at median price $436,000 with 31 days average market time, last week 18 homes at median price $377,500 with 37 days average market time.

Cash 102123 — Cash used to close for week ending October 21st.

FHA financing was used to close on 17 homes this week at median price $315,000 with 36 days average market time, last week 6 homes at median price $374,500 with 25 days average market time.

FHA 102123 — FHA financing used to close for week ending October 21st.

VA financing was used to close on 5 homes this week at median price $408,000 with 20 days average market time, last week 4 homes at median price $370,000 with 19 days average market time.

VA 102123 — VA financing used to close for week ending October 21st.

2,000 SF or more closed on 102 homes this week at median price $493,500 with 31 days average market time, last week 55 homes at median price $545,000 with 42 days average market time. Minimum price this week $269,000, last week $310,000.

2000 SF or more 102123 — 2000 SF or more closed for week ending October 21st.

Conventional financing continues to be the financing seller’s are wanting to accept.

So many people refinanced and have great low rates that might be assumable. You need to check that out. You might be able to market that and still move and get a good rate on the home you purchase. Some of these cash buyers might want to consider that.

Under contract this week

Homes that went under contract this week are down slightly. 125 this week compared to 136 the previous week.

Aurora-22 Naperville-16

Plainfield-17

1 short sale was accepted by a seller this week. It was in Aurora, 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 with a kick-out clause of 72 hours, 3 with 48 hours, and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyers selling and closing on their current home. 7 with a kick-out clause of 48 hours.

Median price of homes that went under contract this week $400,000 with 44 days average market time, last week $389,950 with 37 days average market time.

Under contract stats 102123 — Under contract stats for week ending October 21st.

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 735 603 816

June 1030 1059 926

July 765 745 805

August 869 988 915

September 684 621 623

October 484 419 417

Totals 6945 6462 7242

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 2022 and 2021 so you have something to compare it to.

Resources

Click on each bullet point and anything that is bold and underlined to take you to the site for the information. If you are not finding what you are looking for just let us know. We will point you in the right direction.

Check with your lender to see if your loan is assumable if you are thinking about selling.

Clean, pack up, and paint to make your home feel nice and fresh if you are thinking about selling.

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

Contact us

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

Fox Valley home prices October 21st. 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