Fox Valley home prices November 25th
Fox Valley home prices November 25th. It is a short holiday week so the numbers are low this week.
They say it might snow tomorrow with
33 for a high. It will get to mid 40’s next week.
New listings are down. 67 this week compared to 132 the previous week.
Closed listings are also down. 90 this week compared to 156 the previous week.
Aurora-New 9 $257,000-$360,000
Plainfield-New 19 $225,000-$1,075,000
Check out the other communities that had activity this week on the photo above.
Financing used, median prices, and 2,000 SF or more
Median list price this week $375,000, last week $400,000
Closed median price this week $387,000, last week $425,000.
Conventional financing was used to close on 58 homes this week at median price $387,500 with 30 days average market time, last week 95 homes at median price $445,000 with 24 days average market time.
Cash was used to close on 14 homes this week at median price $402,500 with 34 days average market time, last week 30 homes at median price $489,000 with 47 days average market time.
FHA financing was used to close on 11 homes this week at median price $360,000 with 14 days average market time, last week 16 homes at median price $345,000 with 49 days average market time.
VA financing was used to close on 7 homes this week at median price $483,293 with 23 days average market time, last week 11 homes at median price $369,000 with 23 days average market time.
2,000 SF or more closed on 44 homes this week at median price $481,646 with 38 days average market time, last week 91 homes at median price $510,000 with 39 day average market time. Minimum price this week $301,000, last week $300,000.
You can see conventional financing continues to be the way to go.
Under contract this week
Homes that went under contract are down. 115 this week compared to 148 the previous week.
It is a short holiday week.
One short sale was accepted by a seller this week. It was in St Charles. 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. 2 with a kick-out clause of 72 hours and 1 with 48 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 72 hours.
Median price of homes that went under contract this week $399,900 with 38 days average market time, last week median price $352,500 with 36 days average market time.
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 639 568 549
November 486 567 518
Totals 7586 7178 7892
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 2022 and 2021 so you have something to compare to.
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. Data changes throughout the day.
To see some great resources go here. Find information about different types of loans and the process, down payment assistance, VA loans and the requirements, IHDA programs, home valuation and how to sign-up for email alerts.
Fox Valley home prices November 25th. I hope you had a wonderful Thanksgiving. 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