Fox Valley home prices December 25 2021

Posted on December 25, 2021December 25, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 25 2021

Fox Valley home prices December 25 2021. Merry Christmas! New listings of single family homes are way down. 43 this week compared to the previous week 84. When it gets close to the holidays it slows down.

Closed listings are down, but not that much. 186 this week compared to the previous week 230. Next week is the last week of the year.

Take a look at the communities with the most activity this week:

Aurora-New 7 $170.000-$899,000

Closed-28 $135,500-$718,000

Bolingbrook-New 5 $215,000-$450,000

Closed-19 $230,000-$531,000

Naperville-New 3 $325,000-$484,900

Closed-25 $298,000-$1,555,000

Oswego-New 1 $349,000

Closed-12 $230,000-$570,170

Plainfield-New 5 $290,000-$740,000

Closed-20 $197,500-$560,000

Yorkville-New 8 $265,000-$600,000

Closed-11 $235,000-$450,000

Financing, median prices and 2,000 square feet or more.

The median list price of single family homes this week was $339,000, last week $349,900.

Closed single family homes median price was $335,500, last week $357,500.

138 of the 186 homes closed using Conventional financing this week with a median price of $350,000, last week 164 at $380,000.

Cash was used to closed 11 homes this week with a median price of $291,500, last week 30 at $332,500.

FHA financing was used to close 28 at a median price of $256,500, last week 23 at $279,000.

VA financing was used to close 7 homes with a median price of $361,000, last week 13 at $375,000

Homes that were 2,000 square feet or more closed 99 with a median price of $412,500, last week 143 closed with median price of $420,000. Minimum price was $239,000, last week $233,500.

Contracts accepted this week.

Contracts accepted this week on single family homes was down. 120 this week compared 143 the previous week.

Look at the communities seller’s accepted the most contracts:

Aurora-15 Naperville-19

Plainfield-21

No short sales were accepted by seller’s this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 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.

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 629 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

December 307 870 551

Totals 10530 12448 13452

Next week is the last week of the year. We will compare to 2020 and 2019 so you can see how this year did compared to the previous 2 years. You will see more closed homes this year than the previous 2 years even with such low inventory.

Buyers are still out there looking for homes to come on the market. So many of them lost out to multiple offer situations.

2022 looks to be more of the same. There is a shortage of homes across the nation. Until more homes are built or converted we will see prices increase.

Check back with us every Saturday for the real estate market update.

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.

If you are thinking about buying a home you need to get pre approved with a loan officer. Get all your financial information together and get it to them so they can get your pre approved. In this market you have to be ready. If you have already gone through this make sure it is up-to-date. The pre approval letter needs to be 30 days or less.

Request a home valuation if you are thinking about selling. Tellus about your home and what has been recently updated. We will let you know what your home is worth in today’s market and give you and estimate of expenses to sell. The net proceeds will be updated when an offer comes in and we know all the terms.

Resources:

Check with your loan officer for the rates you will get based on your credit score. If you need to improve your credit score they can help you with that. They also might offer some assistance but you need to ask.

If you are on Facebook you can go to our page and click on the “shop now” button and search for homes there.

All data used is from our MLS MRED, LLC.

Fox Valley home prices December 25 2021. Merry Christmas! Have a great week.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices December 11 2021

Posted on December 11, 2021December 11, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 11 2021

Fox Valley home prices December 11 2021. First I want to say how heartbreaking the storms of last night were in multiple states. So much devastation and loss of life. This is such a strange thing to happen in December.

New listings of single family homes were down. 78 this week compared to 102 the previous week. This is extremely low even for this time of year.

Closed listing of single family homes was also down. 210 this week compared to 244 the previous week. Closings should increase as we get closer to the end of the month. Some might even spill over into the new year.

Take a look at the communities with the most activity this week:

Aurora-New 17 $120,000-$999,900

Closed-27 $135,500-$562,000

Bolingbrook-New 6 $264,900-$625,000

Closed-19 $199,900-$440,000

Naperville-New 11 $375,000-$1,265,000

Closed-31 $267,000-$1,180,000

Oswego-New 2 $400,000-$419,900

Closed-13 $215,000-$465,000

Plainfield-New 13 $279,000-$542,580

Closed-30 $263,500-$500,000

St Charles-New 6 $209,714-$775,000

Closed-13 $243,000-$1,550,000

Yorkville-New 5 $239,900-$2,964,000

Closed-15 $235,000-$465,000

Financing most used, median prices and 2,000 or more square feet

Median list price this week $347,000, last week $350,000.

Closed median price this week $332,500, last week $363,942.

Stats December 11 2021 — Stats this week

Conventional financing was used 150 times out of the 210 closed homes with a median price of $360,000, last week 176 at median price of $385,000.

Cash was used 18 out of the closings this week with median price of $287,750, last week 23 at $298,000.

Conventional and Cash December 11 2021 — Conventional and Cash closed this week

FHA was used 35 of the 210 closings this week with a median price of $287,000, last week 27 at $250,000.

VA was used for 7 of the closings with median price of $320,000, last week 13 at $390,000.

FHA and VA December 11 2021 — FHA and VA used this week

Single family homes with 2,000 or more square feet closed 121 at median price of $412,000, last week 144 at $445,450 median price. The minimum price of 2,000 or more square feet closed this week was $240,000, last week $207,000. For people looking for more square footage this gives you an idea of the pricing in the Fox Valley area.

2000 Square feet or more December 11 2021 — 2,000 or more square feet

Conventional financing is still what seller’s are looking for and accepting right now. If your loan officer is qualifying you for something else you might also want them to see what you qualify using this type of financing. They can qualify you for multiple ways of financing. You can try your preferred way first, and have Conventional as a backup.

Contracts accepted this week

Contracts accepted this week were consistent. 141 this week compared to 147 the previous week. Buyer’s are still out there ready to go even with the extremely low inventory. It is still a great time to sell! Very little competition right now.

Look at the communities seller’s accepted the most contracts this week:

Aurora-21 Bolingbrook-11

Naperville-17 Plainfield-22

1 short sale was accepted this week by a seller. It was in Aurora. Most homes have appreciated enough that seller’s do not have to sell short. They must of run into trouble shortly after purchasing. 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. 1 with a kick-out clause of 48 hours and 1 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 72 hours.

Only 4 contracts out of 141 were contingent on the buyer closing or selling and closing on their current home. Either the buyers are 1st time buyers or they could purchase without contingencies other than financing.