Fox Valley home prices June 25
Fox Valley home prices June 25. We will show you the new, closed, under contract prices in the Fox Valley area of Illinois. Also, the median prices, financing most used, 2022 by the month and some great resources.
New listings this week are up. 295 this week compared to 271 the previous week.
Closed listings this week are down. 224 this week compared to 270 the previous week.
Take a look at the communities with the most activity this week:
Aurora-New 37 $173,900-$999,000
Bolingbrook-New 21 $199,900-$575,000
Geneva-New 16 $229,000-$1,299,900
Naperville-New 64 $349,900-$2,499,000
Oswego-New 12 $239,000-$1,235,000
Plainfield-New 38 $250,000-$1,150,000
St Charles-New 20 $220,000-$3,250,000
Yorkville-New 13 $300,000-$649,900
Financing most used, median prices and 2,000 SF or more
Median list price this week $425,000, last week $415,950.
Closed median price this week $408,999, last week $430,000
Conventional financing was used to close on 163 homes at median price $450,000 with 13 days average market time, last week 213 homes at median price $465,000 with 16 days average market time.
Cash was used to close on 24 homes this week with a median price $405,999 with 16 days average market time, last week 28 homes at a median price $362,500 with 11 days average market time.
FHA financing was used to close on 27 homes with a median price $306,050 with 11 days average market time, last week 29 home at median price $310,000 with 14 days average market time.
VA financing was used to close on 9 homes at median price $365,000 with 14 days average market time, last week 8 homes at median price $379,000 with 13 days average market time.
131 homes closed this week that were at least 2,000 square feet or more at a median price $516,000 with 13 days average market time, last week 182 homes at a median price $500,000 with 17 days average market time. The minimum price this week was $175,000, last week $225,000.
Contracts accepted this week
Contracts accepted this week were up slightly. 256 this week compared to 245 the previous week.
Look at the communities seller’s accepted the most contracts:
Plainfield-31 St Charles-22
1 short sale was accepted by a seller this week. It was in Plano. Most homes have appreciated enough that you can sell, and not have to sell short. If you are having difficulty let us show you what your options are.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 6 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 buyer selling and closing on their current home. 2 with a kick-out clause of 48 hours.
Median list price of homes that went under contract this week $375,000 with 22 days average market time, last week median price $379,000 with 23 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 1088 1065 1009
Totals 5036 4840 5386
Check back with us every Saturday for the Fox Valley area of Illinois real estate market update. At the end of each month we also take a look back at 2021 and 2020 so you can see how this year is going. We will do that next week.
Click on anything that is bold and underlined to take you to the site for the information. If there is any other information that you are looking for please let us know.
- 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 the rate you will be offered. It depends on your credit score. If you need to work on your score they can help you.
Request a home valuation if you are thinking about selling your home. Tell us about your home and what has recently been updated. We will do a market analysis and provide you with a net proceeds that gives you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.
If you are thinking about buying a home you will need to get all your financial information to a loan officer so they can put you through underwriting and get you approved before you even start looking at homes. Then you will know that when you find a home you will get the loan if it appraises out and no issues with the title. You will feel better about spending the money on a home inspection. The seller will look at your offer closer than one that has just been pre-qualified.
You can sign-up foremail alerts so when a home hits the market with your criteria you will automatically get the listing.
Call us at 630-503-6555 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 of loan officers, real estate attorney or home inspector just let us know. We can give you a few to contact so you can decide who you want to work with.
All data provided today is from our MLS. MRED, LLC. The numbers change continuously throughout the day as agents upload more information.
Fox Valley home prices June 25. 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