Fox Valley home prices February 11th
Fox Valley home prices February 11th. It feels like Spring! It was 46° today and getting into the lower 50’s this next week.
New listings this week were consistent. 106 this week compared to 108 the previous week.
Closed listings were down this week. 80 this week compared to 111 the previous week.
Aurora-New $163,000-$550,000
Closed-11 $220,000-$965,000
Naperville-New 25 $299,000-$1,699,000
Closed-12 $325,000-$1,250,000
Oswego-New 10 $250,000-$676,000
Closed-3 $340,000-$450,000
Plainfield-New 13 $299,900-$1,095,000
Closed-8 $190,100-$627,256
Click on the photo above to see other communities that had activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $399,949, last week $385,000
Closed median price this week $346,250, last week $352,335
Conventional financing was used to close on 55 homes this week at median price $345,500 with 48 days average market time, last week 81 homes at median price $385,000 with 63 days average market time.
Cash was used to close on 13 homes this week at median price $435,000 with 34 days average market time, last week 11 homes at median price $190,000 with 58 days average market time.
FHA financing was used to close on 8 homes this week at median price $242,500 with 50 days average market time, last week 13 homes at median price $295,000 with 64 days average market time.
VA financing was used to close on 4 homes this week at median price $487,000 with 48 days average market time, last week 6 homes at median price $428,750 with 59 days average market time.
2,000 Square feet or more closed on 40 homes this week at median price $475,000 with 55 days average market time, last week 67 homes at median price $421,250 with 70 days average market time. Minimum price this week $190,000, last week $152,000.
Homes under contract this week
Homes under contract this week are just slightly down. 159 this week compared to 165 the previous week.
Aurora-24 Geneva-13
Naperville-18 Oswego-11
Plainfield-23 St Charles-10
3 short sales were accepted by seller’s this week. 1 each in Aurora, Bolingbrook, and West Chicago. Now they 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. 1 with a kick-out clause of 72 hours, 1 with 48 hours, and 2 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, and also 3 with 48 hours.
Median price of homes under contract this week $369,900 with 58 days average market time, last week median price $369,900 with 59 days average market time.
2023 by the month
Month New Closed Under contract
January 483 326 470
February 214 191 324
Totals 697 517 794
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 of the bullet points to take you to the site for the information. If you are looking for other information let us know and we will point you in the right direction.
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- Current interest rates
- IHDA programs
- Request home valuation
- Sign-up for email alerts
- Search for homes
Ask your loan officer what rate you will be offered. It depends on your credit score and other things that they will explain to you.
All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Fox Valley home prices February 11th. Have an awesome week!
Kristine Heiman, SFR, SRS, SRES, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101
