Fox Valley home prices April 20th
Fox Valley home prices April 20th. It is cloudy and only reaching 46 degrees today but for the next couple of weeks it will be anywhere from the mid 50’s to lower 70’s.
New listings this week are up. 208 this week compared to 173 the previous week.
Closed listing this week are consistent. 169 this week compared to 161 the previous week.
Aurora-New 20 $179,900-$565,000
Closed-21 $183,000-$840,000
Batavia-New 11 $299,000-$524,900
Closed-6 $350,000-$850,000
Bolingbrook-New 18 $239,900-$825,000
Closed-12 $280,000-$786,933
Elgin-New 24 $175,000-$1,315,000
Closed-16 $155,000-$573,011
Naperville-New 35 $349,900-$1,799,900
Closed-34 $361,000-$1,662,500
Oswego-New 12 $320,000-$740,000
Closed-10 $120,000-$535,982
Plainfield-New 25 $280,000-$730,786
Closed-15 $280,000-$715,000
Look at photo above for other communities that also had activity this week. I just highlighted the ones with the most activity.
Financing used, median prices, and 2,000 SF or more
Median list price this week $453,990, last week $448,750.
Closed median price this week $442,000, last week $409,990.
Conventional financing was used to close on 132 homes this week at median price $470,000 with 29 days average market time, last week 107 homes at median price $429,990 with 37 days average market time.
Cash was used to close on 29 homes this week at median price $375,000 with 47 days average market time, last week 30 homes at median price $390,000 with 30 days average market time.
FHA financing was used to close on 4 homes this week at median price $317,500 with 37 days average market time, last week 17 homes at median price $326,000 with 19 days average market time.
VA financing was used to close on 2 homes this week at median price $452,500 with 7 days average market time, last week 7 homes at median price $420,000 with 26 days average market time.
2,000 SF or more closed on 99 homes this week at median price $542,500 with 33 days average market time, last week 92 homes at median price $510,000 with 35 days average market time. Minimum price this week $120,000, last week $36,500 that is questionable. It is most likely a mistake.
As you can see Conventional financing continues to be the financing to use.
Under contract this week
Homes that went under contract this week are consistent. 217 this week compared to 225 the previous week.
Aurora-29 Bolingbrook-12
Elgin-27 Naperville-37
Oswego-14 Plainfield-22
St Charles-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 homes. 5 with a kick-out clause of 72 hours and 4 with 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current homes. 3 with a kick-out clause of 48 hours.
Median price of homes that went under contract this week $449,990 with 36 days average market time, last week $429,000 with 25 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 604 513 605
Totals 2491 2064 2687
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.
Information for you to check out.
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- VA loans and the requirements
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If there is other information you are looking for just let us know and we will point you to the information.
All data provided today is from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley homes price April 20th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101
Aurora-22 Bolingbrook-10