Fox Valley home prices March 25th

Posted on March 25, 2023March 25, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 25th

Fox Valley home prices March 25th. We had flurries this morning, but the rest of the week will be in the upper 40’s and up to 63 on Friday.

New listings are consistent. 134 this week compared to 137 the previous week.

Closed listings are also consistent. 131 this week compared to 137 the previous week.

Aurora-New 20 $169,000-$625,000

Closed-18 $140,000-$566,000

Bolingbrook-New 11 $249,900-$439,000

Closed-3 $315,000-$384,000

Naperville-New 33 $335,000-$1,450,000

Closed-25 $291,000-$1,000,000

Oswego-New 7 $190,000-$725,000

Closed-11 $200,000-$475,000

Plainfield-New 21 $250,000-$762,900

Closed-17 $285,000-$875,000

St Charles-New 10 $219,900-$2,100,000

Closed-10 $230,000-$860,000

new listing 3 25 23 — New listings for week ending March 25th

closed listing 3 25 23 — Closed listings for week ending March 25th

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

Median list price this week $420,000, last week $399,900

Closed median price this week $405,000, last week $360,000

Stats 032523 — Stats for week ending March 25th

Conventional financing was used to close on 90 homes this week with a median price $417,500 with 50 days average market time, last week 105 homes at median price $392,000 with 61 days average market time.

Conv 032523 — Conventional financing used to close for week ending March 25th

Cash was used to close on 23 homes this week at median price $399,990 with 56 days average market time, last week 15 homes at median price $280,000 with 41 days average market time.

Cash 032523 — Cash used to close for week ending March 25th

FHA financing was used to close on 11 homes this week at median price $325,000 with 46 days average market time, last week 13 homes at median price $265,000 with 48 days average market time.

FHA 032523 — FHA financing used to close for week ending March 25th

VA financing was used to close on 6 homes this week at median price $378,000 with 49 days average market time, last week 4 homes at median price $437,500 with 35 days average market time.

VA 032523 — VA financing used to close for week ending March 25th

2,000 square feet or more closed on 69 homes this week at median price $470,000 with 58 days average market time, last week 79 homes at median price $476,500 with 64 days average market time. Minimum price this week $195,000, last week $140,000.

Almost 69% of homes closed using Conventional financing.

Homes under contract this week

Homes that went under contract this week are up. 197 this week compared to 153 the previous week.

Aurora-35 Batavia-10

Bolingbrook-18 Geneva-10

Naperville-23 Oswego-13

Plainfield-27 Yorkville-10

One short sale was accepted this week. It was in Montgomery. 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 each with a kick-out clause of 72 hours, 48 hours and also 24 hours.

Also, sellers accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

Seller accepted contingency 032523 — Seller accepted contingency for week ending March 25th

Median price of homes that went under contract this week $400,000 with 60 days average market time, last week median price $389,900 with 46 days average market time.

Under contract stats 032523 — Under contract stats for week ending March 25th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 416 386 522

Totals 1529 1238 1781

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 2022 and 2021 so you can see how this year is going.

Resources

Click on each bullet point to take you to the site for the information. Let us know if there is other information you are looking for. We will be happy to point you in the right direction.

All data is provided today is from our MLS, MRED, LLC. It changes throughout the day.

Contact us

Call 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices March 25th. 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 March 18th

Posted on March 18, 2023March 18, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 18th

Fox Valley home prices March 18th. We are back to winter today with it only in the 20’s. Next week we will be back in the upper 40’s and lower 50’s.

New listings are down. 137 this week compared to 145 the previous week.

Closed listings are up. 137 this week compared to 118 the previous week.

Aurora-New 18 $130,000-$495,000

Closed-25 $154,900-$630,698

Bolingbrook-New 9 $325,000-$801,500

Closed-14 $255,000-$655,000

Naperville-New 26 $339,900-$2,395,000

Closed-24 $355,000-$1,350,000

Plainfield-New 24 $265,000-$795,000

Closed-15 $317,500-$875,000

St Charles-New 5 $579,000-$999,900

Closed-10 $260,000-$689,517

NEW LISTING PRICE 3 18 23 (2) — New listings for the week ending March 18th

CLOSED LISTING PRICE 3 18 23 (2) — Closed listings for the week ending March 18th

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

Median list price this week $399,900, last week $412,000

Closed median price this week $360,000, last week $347,500.

Stats 031823 — Stats for week ending March 18th

Conventional financing was used to close on 105 homes this week at median price $392,000 with 61 days average market time, last week 91 homes at median price $380,000 with 59 days average market time.

Conv 031823 — Conventional financing used to close for week ending March 18th

Cash was used to close on 15 homes this week at median price $280,000 with 41 days average market time, last week 14 homes at median price $377,500 with 49 days average market time.

Cash 031823 — Cash used to close for week ending March 18th

FHA financing was used to close on 13 homes this week at median price $265,000 with 48 days average market time, last week 11 homes at median price $226,500 with 52 days average market time.

FHA 031823 — FHA financing used to close for week ending March 18th

VA financing used to close on 4 homes this week at median price $437,500 with 35 days average market time, last week 3 homes at median price $447,500 with 17 days average market time.

VA 031823 — VA financing used to close for week ending March 18th

2,000 square feet or more closed on 79 homes this week at median price $476,500 with 64 days average market time, last week 67 homes at median price $447,500 with 65 days average market time. Minimum price this week $140,000, last week $220,000.

2000 SF or more 031823 — 2,000 SF or more closed for week ending March 18th

Conventional financing continues to be the financing choice to use to get your offer accepted.