Fox Valley home prices November 19th
Fox Valley home prices November 19th. We have had snow flurries the last few days here in the Fox Valley area of Illinois. Nothing that sticks though. Today should be the coldest day and then temperatures will go up and should be 52° by Thanksgiving Day.
We will highlight the communities with the most activity for new and closed prices, financing used, median prices, contracts accepted this week, and 2022 by the month.
New listings this week were pretty consistent. 126 this week compared to 122 the previous week.
Closed listings were up. 176 this week compared to 117 the previous week.
Aurora-New 19 $167,500-$589,000
Bolingbrook-New 9 $249,900-$550,000
Geneva-New 3 $310,000-$355,000
Naperville-New 25 $317,999-$1,699,900
Plainfield-New 17 $214,900-$646,549
St Charles-New 7 $225,000-$525,000
Take a look at the photo above for activity in other communities this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $392,449, last week $375,000
Closed median price this week $401,500, last week $358,000
Conventional financing was used to close 128 homes at median price $415,750 with 40 days average market time, last week 76 homes at median price $375,806 with 40 days average market time.
Cash was used to close on 26 homes this week at median price $415,500 with 28 days average market time, last week 17 homes at median price $345,000 with 97 days average market time.
FHA financing was used to close 16 homes this week at median price $296,250 with 29 days average market time, last week 18 homes at median price $305,955 with 41 das average market time.
VA financing was used to close on 6 homes this week at median price $359,949 with 27 days average market time, last week 3 homes at median price $385,000 with 5 days average market time.
2,000 square feet or more closed on 108 homes this week at median price $484,750 with 38 days average market time, last week 66 homes at median price $459,995 with 48 days average market time. Minimum price this week for a 2,000 SF or more was $280,000, last week $235,000.
Conventional financing continues to be the financing most seller’s are looking for and buyer’s are using.
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 389 475 380
Totals 9035 9070 9305
New listings are getting lower and they are selling. If you need to sell it is still a good time.
Check back with us every Saturday for the real estate market update. At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year is going.
Click on everything that is bold and underlined. It will take you to the site for the information. We try to share the information that you might be looking for. If there is other information that is not listed here 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
- Request home valuation
- Sign-up for email alerts
- Search for a home
Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and other things. They will explain it to you.
Now is a good time to check into down payment assistance and IHDA programs.
Connect with us onFacebook you can also search for a home there by clicking on “shop now.”
All data provided today is from our Multiple listing service, MRED, LLC. It changes continuously throughout the day as agents upload their information of new listings, price changes, contract accepted or back on the market.
Call us at 630-503-6555. Your goal is our goal.
Fox Valley home prices November 19th. Have a Happy Thanksgiving!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101