Fox Valley home prices November 27 2021
Fox Valley home prices November 27 2021. New listings of single family homes are drastically down. 82 this week compared to 153 the previous week.
Closed listings of single family homes are also down. 158 this week compared to 260 the previous week.
It was a short week with the Thanksgiving holiday. Last year with the pandemic no one could get together, and this year with vaccinations more people could get together with family and friends.
Take a look at the communities with the most activity this week:
Aurora-New 14 $145,999-$515,000
Closed-16 $86,500-$423,600
Bolingbrook-New 6 $299,900-$450,000
Closed-18 $220,000-$520,000
Naperville-New 10 $329,000-$735,000
Closed-28 $221,000-$1,240,000
Plainfield-New 9 $199,900-$539,705
Closed-18 $255,000-$542,149
St Charles-New 4 $285,000-$879,000
Closed-11 $300,000-$2,295,000
You can click on the image above to look at activity in other communities. You might find something that fits your needs.
Financing used, median prices and 2,000 or more square feet
Median list price this week $359,450, last week $359,000.
Closed median price this week $359,950, last week $367,944.
Conventional financing closed this week with 110 at median price of $373,250, last week 185 at median price of $390,990.
Cash closed this week with a median price 23 at $315,000, last week 26 at $286,945.
FHA Closed this week 18 at median price of $288,500, last week 36 at $286,945.
VA closed this week 6 at median price $438,500, last week 11 at $374,900.
2,000 or more square feet closed this week 89 at median price $450,000, last week 158 at $435,000. Minimum price this week $260,000, last week $255,000. This gives you an idea of pricing if you are wanting to increase square feet either more bedrooms, room for an office or extra space here in the Fox Valley.
Contracts accepted this week
Contracts accepted this week on single family homes was down. 191 this week compared to 235 the previous week. That is not too bad with this short holiday week.
Look at the communities seller’s accepted the most contracts this week:
Aurora-26 Bolingbrook-18
Montgomery-15 Naperville-29
Plainfield-20 St Charles-11
3 short sales were accepted by seller’s this week. 2 in Oswego and 1 in Minooka. Now they will get submitted to the lender to see fi 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, 4 with 48 hours and 3 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.
2021 by the month and a look back at 2020 and 2019
2021
Month New Closed Contracts accepted
January 543 649 829
February 561 604 778
March 993 1099 1455
April 1006 926 1387
May 1088 1288 1289
June 1450 1686 1671
July 1118 1182 1210
August 1109 1203 1170
September 1083 1411 1251
October 715 973 930
November 557 854 931
Totals 10223 11875 12901
2020
January 1105 566 858
February 1267 529 1024
March 1186 707 1079
April 648 786 775
May 1352 1010 1444
June 1232 908 1534
July 1417 1453 1852
August 1037 1335 1436
September 1176 1503 1503
October 843 1116 1159
November 567 985 699
Totals 11830 10898 13363
2019
January 878 407 568
February 1032 463 832
March 1731 915 1375
April 1594 792 1307
May 1645 995 1280
June 1643 1253 1218
July 1423 1008 1090
August 1585 1330 1196
September1164 765 869
October 1041 738 776
November 897 946 839
Totals 14633 9612 11350
This year had the best sold homes with the least amount of new listings. That is the column that is most important. June was the best month over all this year.
Most years it is the Spring months that see the most new listings. The economist’s keep saying we will see more of the same next year. We will have to wait and see if the Infrastructure bill that was past has an effect on the new listings. There might be more movement where the projects are. Some states have shovel-ready projects.
You can see how the new listings decreased every year since 2019. That is the reason for the price increases. Until we see enough homes on the market to satisfy buyer demand prices will continue to rise.
Contact us
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goals.
Thinking about moving anytime soon? Request a home valuation and give us some details about your home and what has recently been updated. We will provide you with a net proceeds that shows an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.
If you are thinking about buying, you will need to plan ahead It might take some time to find a home. You will need to get all your financial information together and get it to a loan officer so they can pre approve you. They will provide you with a letter that shows what type of financing and how much you qualify for. This will go with an offer when we find you a home and you want to make an offer.
Resources:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
Check with your loan officer for the current rates they offer with your credit score. They might also offer some assistance.
If you need recommendations for a loan officer, real estate attorney or home inspector we can give you a few to contact so you can decide who you want to work with.
All data provided is from our MLS MRED, LLC.
Fox Valley home prices November 27 2021. Have a great week!
Kristine Heiman, SFR, SRS, AHWD
Designated Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101
