Fox Valley home prices March 12 2022
Fox Valley home prices March 12 2022. Every community in the Fox Valley area of Illinois has a little different pricing. It is good to know what they are, so you can decide on the community that you will have the most success finding the home that is right for you.
New listings this week on single family homes were slightly lower. 184 this week compared to 197 the previous week.
Closed listings this week on single family homes were also lower. 150 this week compared to 174 the previous week.
Take a look at the communities with the most activity this week:
Aurora-New 22 $135,000-$750,000
Closed-25 $135,000-$660,000
Bolingbrook-New 11 $243,000-$550,228
Closed-12 $180,000-$432,200
Naperville-New 35 $349,900-$2,249,000
Closed-19 $303,000-$1,020,000
Plainfield-New 19 $300,000-$729,900
Closed-20 $165,000-$640,000
Sandwich-New 11 $130,000-$349,900
Closed-4 $315,000-$480,000
St Charles-New 16 $325,000-$975,000
Closed-15 $225,000-$1,650,000
Financing used, median prices and 2,000 or more square feet
The median list price this week $383,675, last week $375,000.
Median closed price this week $383,000, last week $365,000 with 14 days average market time and 39 days to close.
Conventional financing was used to close on 111 single family homes this week with average market time 30 days, last week 123 at median price of $385,548 with average market time 41 days.
Cash was used to close on 16 single family homes at median price of $373,500 with average market time of 89 days, last week 19 at median price of $326,000 with average market time of 25 days.
FHA financing used to close on 20 single family homes at median price of $327,500 with average market time of 47 days, last week 22 homes at median price of $275,750 with average market time of 35 days.
VA financing was used to close on 3 homes at median price of $500,000 with average market time of 30 days, last week 9 homes at median price of $365,000 with average market time of 55 days.
Homes that were 2,000 square feet or more closed on 89 with a median price of $450,000 this week with average market time 38 days, last week 95 homes at median price of $436,000 with average market time of 45 days. The minimum price this week was $192,000, last week the minimum price was $217,000.
Conventional financing is still the #1 type of financing used and accepted by seller’s right now.
Contracts accepted this week
Contracts accepted this week are staying pretty consistent. 218 this week compared to 213 the previous week.
Aurora-24 Bolingbrook-18
Geneva-12 Naperville-45
Plainfield-23 St Charles-23
Yorkville-12
No short sales were accepted by seller’s this week. That does not mean that they are not out there trying to sell.
Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 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 48 hours.
The median price on homes that went under contract this week was $394,750 with average market time of 27 days.
2022 by the month
Month New Closed Contracts accepted
January 422 492 623
February 523 520 724
March 381 557 431
Totals 1326 1569 1778
Check back with us every Saturday for the real estate market update. At the end of each month we will also show you 2021 and 2020, so you can see how this year is going compared to the previous 2 years.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
It is still a seller’s market here in the Fox Valley. Prices continue to rise because of the low inventory of homes for sale. This is a great time to be a seller. It is frustrating to be a buyer.
Request a home valuation if you are thinking about selling your home and want to know what the value is in today’s market. Give us some information about your home and what has recently been updated. We will let you know what the expenses to sell might be. This will be updated when an offer comes in and we know all the terms so you can make a good decision.
Get in touch with a loan officer and get them all your financial information and have them run you through underwriting so you are approved subject to the address, appraisal and title work if you are thinking about buying. You have to be ready to go in this market . It moves fast and if you haven’t completed this you will lose out on a home.
Set up email alerts so you receive listings as they hit the market so you don’t miss out on anything.
Resources
Types of loans and the process
Check with your loan officer for the interest rate you will be offered. It depends on your credit score. They can also help you to bring your score up.
Hover and click your mouse over anything that is underlined and in darker print for links to the information.
All data used today is from our MLS-MRED,LLC.
If you are looking for attached homes let us know when you contact us either by filling out the form or call us.
Fox Valley home prices March 12 2022. Have an awesome week!
Kristine Heiman, SFR, SRS, AHWD
Designated Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101
