Fox Valley home prices June 22nd

Posted on June 22, 2024 by Kristine Heiman, Designated Managing Broker

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.

Stats 062224 — Stats for week ending June 22nd

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.

Conv 062224 — Conventional financing used to close for week ending June 22nd

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.

Cash 062224 — Cash used to close for week ending June 22nd

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.

FHA 062224 — FHA financing used to close for week ending June 22nd

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.

VA 062224 — VA financing used to close for week ending June 22nd

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.

2000 SF or more 062224 — 2000 SF or more for week ending June 22nd

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.

Under contract stats 062224 — Under contract stats for week ending June 22nd

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.

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 15th

Posted on June 15, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 15th

Fox Valley home prices June 15th. It is a gorgeous day today. It is going to be in the upper 80’s and low 90’s for the next week.

New listings this week are up. 271 this week compared to 226 the previous week.

Closed listings are consistent. 231 this week compared to 221 the previous week.

Aurora-New 25 $69,000-$799,900

Closed-18 $247,000-$763,500

Batavia-New 7 $430,000-1,295,000

Closed-10 $247,000-$805,000

Bolingbrook-New 18 $209,900-$715,068

Closed-16 $276,900-$640,000

Elgin-New 26 $160,000-$725,000

Closed-31 $79,900-$789,000

Geneva-New 8 $285,000-$674,900

Closed-14 $340,000-$1,600,000

Naperville-New 60 $449,000-$2,274,000

Closed-40 $430,000-$1,500,000

Oswego-New 12 $295,000-$619,900

Closed-9 $315,000-$662,390

Plainfield-New 43 $260,000-!,275,000

Closed-32 $345,000-$695,000

St Charles-New 17 $345,000-$1,740,000

Closed-12 $331,200-$785,000

Yorkville-New 12 $149,900-$759,900

Closed-10 $300,000-$620,000

Look at the other communities that had activity this week in the photo above. We just highlighted the ones with the most activity.

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

Median list price this week for the Fox Valley area of Illinois $485,000, last week $467,912.

Closed median price this week $480,000, last week $460,000.

Stats 061524 — Stats for week ending June 15th

Conventional financing was used to close on 165 homes this week at median price $492,000 with 34 days average market time, last week 173 homes at median price $470,990 with 28 days average market time.

Conv 061524 — Conventional financing used to close for week ending June 15th

Cash was used to close on 37 homes this week at median price $520,000 with 40 days average market time, last week 25 homes at median price $535,000 with 58 days average market time.

Cash 061524 — Cash used to close for week ending June 15th

FHA financing was used to close on 19 homes this week at median price $325,000 with 16 days average market time, last week 17 homes at median price $362,000 with 41 days average market time.

FHA 061524 — FHA financing used to close for week ending June 15th

VA financing was used to close on 6 homes this week at median price $438,445 with 14 days average market time, last week 6 homes at median price $360,000 with 36 days average market time.

VA 061524 — VA financing used to close for week ending June 15th

2,000 SF or more closed on 144 homes at median price $552,500 with 39 days average market time, last week 136 homes at median price $544,000 with 35 days average market time. Minimum price this week $276,900, last week $259,100.

2000 SF or more 061524 — 2000 SF or more homes closed for week ending June 15th

Until more homes come on the market or more homes are built in every price range I think we are going to see buyers use Conventional financing or cash to get their offer accepted. This week Conventional 165 + Cash 37 = 202 which represented 87% of the homes closed this week.