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Fox Valley home prices May 28

Posted on May 28, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 28

Fox Valley home prices May 28. We remember and honor the men and woman who gave their lives in service to our country this Memorial Day.

It also marks the beginning of summer for most people.

New listings this week were down. 243 this week compared to 307 the previous week.

Closed listings were up. 252 this week compared to 218 the previous week.

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

Aurora-New 33 $129,900-$569,000

Closed-44 $130,000-$795,000

Bolingbrook-New 21 $199,900-$799,900

Closed-17 $221,000-$653,774

Geneva-New 10 $439,900-$1,898,000

Closed-9 $280,000-$835,000

Naperville-New 52 $199,900-$2,500,000

Closed-42 $355,000-$1,420,000

Oswego-New 8 $230,000-$600,000

Closed-12 $315,000-$581,900

Plainfield-New 34 $199,900-$774,900

Closed-34 $275,000-$750,500

St Charles-New 8 $409,500-$2,299,999

Closed-23 $260,000-$1,350,000

West Chicago-New 10 $239,900-$1,395,000

Closed-4 $268,000-$530,000

Yorkville-New 7 $279,900-$625,000

Closed-11 $275,000-$500,000

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

The median list price this week $399,999, last week $425,000

Closed median price this week $410,000, last week $405,000

Conventional financing was used to close 194 homes at a median price of $427,550 with 30 days average market time, last week 153 homes at $435,000 with 13 days average market time.

Conv 052822 — Conventional financing used for week ending May 28

Cash was used to close on 35 homes this week at a median price of $400,000 with 26 days average market time, last week 36 homes at median price of $405,000 with 15 days average market time.

Cash 052822 — Cash used to close for week ending May 28

FHA financing was used to close on 17 homes with a median price of $328,000 with 12 days average market time, last week 18 homes at a median price of $335,000 with 21 days average market time.

FHA 052822 — FHA financing used to close for week ending May 28

VA financing was used to close 6 homes at a median price of $390,000 with 6 days average market time, last week 10 homes at median price of $407,500 with 7 days average market time.

VA 052822 — VA financing used to close for week ending May 28

Buyers closed on 157 homes that were at least 2,000 square feet or more this week with a median price of $500,000 with 29 days average market time, last week 152 homes with a median price of $466,000 with 14 days average market time. Minimum price this week $255,000, last week $237,000.

2000 SF or more 052822 — Homes closed with 2,000 square feet or more for week ending May 28

Contracts accepted this week

Contract accepted this week were consistent. 275 this week compared to 278 the previous week.

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

Aurora-42 Bolingbrook-26

Geneva-12 Naperville-55

Plainfield-33 St Charles-23

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, 5 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 and 1 with 48 hours.

The median price of homes that went under contract this week was $399,900 with 17 days average market time, last week median price $392,500 with 18 days average market time.

2022 by the month and a look back at 2021 and 2020

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 1143 1106

Totals 3948 4025 4377

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

Totals 4191 4566 5738

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

Totals 5558 3598 5180

2020 had the most new listings but the least closed. You can see how tight the market is this year. That is why prices have increased so much. Fewer new listings to choose from.

Check back with us every Saturday for the real estate market update for the Fox Valley area in Illinois.

Resources

Everything you see darker and underlined click on it and it will take you to the site for the information. If you are looking for information not listed here let us know and we will point you in the right direction.

Check with your loan officer to see what rate you will be offered. It depends on your credit score what interest rate you will get. If you need help to improve your score talk to them. They will help you.

Request a home valuation if you are wanting to sell your home. Give us a little information about your home and what you have recently updated. We will let you know what it is worth in today’s market. You will also be shown and estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home this year? You need to contact a loan officer and get them all your financial information and apply for the loan so they can put you through underwriting and get approved subject to finding the home, appraisal and title. Taking this step will help you when you write an offer especially if there are other offers you are competing against. You will also not have to worry about last minute things coming up that need to be cleared up at the last minute.

You can sign-up for email alerts with your criteria and you will be emailed as soon as a property hits the market so you don’t miss anything.

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.

We can make recommendations for loan officers, real estate attorneys and home inspectors.

All data provided was from our MLS. MRED, LLC.

It is constantly updated.

Fox Valley home prices May 28. 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

Fox Valley home prices May 21

Posted on May 21, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 21

Fox Valley home prices May 21. We will take a look at what happened in the Fox Valley over the week. New listings, Closed, median prices, financing most used, homes that went under contract, resources, and 2022 by the month. No fluff. Just the data that we hope will help you get to know the Fox Valley real estate market.

New listings were consistent. 307 this week compared to 296 the previous week.

Closed listings were up. 218 this week compared to 182 the previous week.

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

Aurora-New 51 $165,900-$849,000

Closed-33 $130,000-$875,000

Bolingbrook-New 31 $159,900-$731,096

Closed-13 $220,000-$855,000

Geneva-New 14 $250,000-$1,100,000

Closed-7 $310,000-$560,000

Montgomery-New 10 $224,900-$369,900

Closed-6 $310,000-$385,000

Naperville-New 62 $319,000-$2,750,000

Closed-36 $355,000-$1,549,000

Oswego-New 9 $309,900-$1,250,000

Closed-14 $322,000-$475,000

Plainfield-New 41 $220,000-$1,299,900

Closed-29 $294,900-$682,500

St Charles-New 28 $279,900-$1,500,000

Closed-13 $175,000-$890,000

West Chicago-New 11 $199,900-$1,575,000

Closed-7 $225,000-$570,000

Yorkville-New 5 $254,500-$850,000

Closed-11 $212,000-$575,000

If the communities you are looking at do not have the price range you are looking for, you might need to expand where you are looking.

We just highlighted the communities with the most activity. Look at the picture above to see other communities that had lower activity.

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

Median list price this week $425,000, last week $415,000

Closed median price this week $405,000, last week $395,000

Stats 052122 — Median list and closed price for week ending May 21

Conventional financing was used to close 153 homes this week with a median price of $435,000 and 13 days average market time., last week 124 at median price of $425,000 and 23 days average market time.

Conv 052122 — Conventional financing used to close for week ending May 21

Cash was used to close on 36 homes this week with a median price of $405,000 and 15 days average market time, last week 24 homes at a median price of $402,500 and 17 days average market time.

Cash 052122 — Cash used to close for week ending May 21

FHA financing was used to close on 18 homes with a median price of $335,000 and 21 days average market time, last week 25 homes at median price of $300,000 and 18 days average market time.

FHA 052122 — FHA financing used to close for week ending May 21

VA financing was used to close on 10 homes this week with a median price of $407,500 and 7 days average market time, last week 8 homes at median price of $346,600 and 66 days average market time.

VA 052122 — VA financing used to close for week ending May 21

Homes that were at least 2,000 square feet or more closed on 152 homes at a median price of $466,000 and 14 days average market time, last week 11 homes at median price of $470,000 and 22 days average market time. Minimum price for homes that are at least 2,000 square feet or more closed at $237,000, last week $192,000.

2000 SF or more 052122 — Home that were 2,000 SF or more closed for week ending May 21

Contracts accepted this week

Contracts accepted this week are up. 278 this week compared to 259 the previous week.

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

Aurora-43 Bolingbrook-22

Geneva-10 Naperville-52

Oswego-16 Plainfield-35

St Charles-22

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. 4 each with a kick-out clause of 72, 48 and 24 hours.

Also, a seller accepted an a contract that is contingent on the buyer selling and closing on their current home. It has a kick-out clause of 72 hours.

The median price of homes that went under contract this week $392,500 and 18 days average market time, last week median price was $399,900 and 22 days average market time.

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 858 641 531

Totals 3705 3523 4102

Check back with us every Saturday for the real estate market update. Next week will be the last full week of the month so we will also compare to 2021 and 2020 so you can see how this year is going.

Resources

Click on everything underlined to go to the site for more information. If there is any information that you are looking for that is not listed let us know and we will point you in the right direction.

Talk to your loan officer to see what interest rate they will be offering you. I depends on your credit score. If you need to improve your score talk to them and they will tell you what to do.

As you can see above, the most common loan type seller’s are looking for right now is a Conventional loan. It helps to get familiar with the different types of loans.

Take the extra step and get all your financial information to a loan officer and have them put you through underwriting so you know how much you are approved for before looking at homes. It will put you in a better position if you are up against other offers. I think they should of been doing this all along. It is hard to wait until a week before closing to find out you are approved. Sometimes there is last minute things that come up and so late in the game are hard to resolve so your closing date gets moved.

Request a home valuation if you are thinking about selling. Tell us a little bit about your home and what has been recently updated. We will let you know an estimate of what it might sell for and show you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

You can sign-up for email alerts. Choose the area and criteria you are looking for and you will receive an email when something comes up.

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.

All data provided is from our MLS. MRED, LLC. It is constantly updated throughout the day.

Fox Valley home prices May 21. 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

Fox Valley home prices May 14

Posted on May 14, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 14

Fox Valley home prices May 14. New listings were up significantly. 296 this week compared to 255 the previous week.

Closed listings this week were down. 182 this week compared to 241 the previous week.

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

Aurora-New 40 $135,000-$799,900

Closed-23 $168,000-$810,500

Batavia-New 13 $220,000-$1,795,000

Closed-7 $295,000-$812,500

Bolingbrook-New 23 $169,900-$650,000

Closed-13 $315,000-$930,000

Geneva-New 12 $282,500-$779,900

Closed-5 $370,000-$875,000

Naperville-New 63 $339,800-$2,350,000

Closed-32 $330,000-$2,100,000

Oswego-New 16 $225,000-$1,390,000

Closed-8 $380,407-$568,382

Plainfield-New 32 $189,900-$1,049,900

Closed-12 $280,000-$545,000

St Charles-New 26 $135,000-$889,000

Closed-17 $285,000-$1,150,000

Yorkville-New 11 $299,900-$889,000

Closed-9 $325,000-$479,000

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

Median list price of single family homes this week $415,000, last week $414,450.

Closed median price this week $395,000, last week $400,000

I forgot to print this page and had to go back in to do it and the number changed by 1 for closed homes.

Stats 051422 — Stats for week ending May 14

Conventional financing was used to close on 124 homes this week, with a median price of $425,000, and 23 days average market time. Last week 178 homes at median price of $425,750, and 24 days average market time.

Conv 051422 — Conventional financing used for week ending May 14

Cash was used to close on 24 homes at median price of $402,500, and 17 days average market time. Last week 32 homes at median price of $390,500, and 18 days average market time.

Cash 051422 — Cash used to close for week ending May 14

FHA financing was used to close on 25 homes at median price of $300,000, and 18 days average market time. Last week 25 homes at median price of $255,000, and 24 days average market time.

FHA 051422 — FHA financing used to close for week ending May 14

VA financing was used to close on 8 homes at median price of $346,600, and 66 days average market time. Last week 5 homes at median price of $590,000, and 18 days average market time.

VA 051422 — VA financing used to close for week ending May 14

Homes that were at least 2,000 square feet or more closed on 111 this week at median price of $470,000, and 22 days average market time. Last week 144 homes at median price $496,250, and 31 days average market time. The minimum price for this week $192,000, last week $200,000.

2000 SF or more 051422 — Homes that were at least 2,000 SF or more for week ending May 14

Contracts accepted this week

Contracts accepted this week were down. 259 this week compared to 272 the previous week.

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

Aurora-44 Bolingbrook-23

Geneva-15 Naperville-44

Oswego-10 Plainfield-35

St Charles-19

One short sale was accepted by a seller this week. It was in Bolingbrook. 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 72 hours, 5 with 48 hours, and 1 with 24 hours.

No contracts were accepted this week that were contingent on the buyer selling and closing on their current home.

Median price that went under contract this week $399,900, and 22 average market time. Last week was the same. Median price $399,900, and average market time 22 days.

Contingent Stats 051422 — Stats for contracts accepted for week ending May 14

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 551 423 531

Totals 3,398 3,305 4,102

Check back with us every Saturday for the real estate market update for the Fox Valley area in Illinois. At the end of each month we will also show you 2021 and 2020 so you can compare and see how this year is doing.

It is time to keep an eye on how many new listings versus closed for the month. We are starting to see more price changes.

Resources

You can click on anything that is underlined here to go to the site for the information. If there is other information that you are looking for please let us know so we can point you in the right direction.

Check with your loan officer to see what interest rate they will be offering you. It depends on your credit score. If you need to improve your score they can help you.

Some lenders are offering to put you through underwriting when you start the process of wanting to buy a home. Get then all your financial information. This takes out all the guess work so you and a seller know that you are approved for a loan up to a certain price. If the home inspection goes well and the appraisal comes in at the contract price you are set to go and can close soon. Home inspections are not cheap. Why not get approved so you don’t have to worry that you are spending money on it when you don’t know if you will get approved.

Request a home valuation to see what your home is worth in today’s market. Tell us a little bit about your home and what has recently been updated. We will provide you with a net proceeds that shows you an estimate of what it will cost to sell your home. This will be updated when an offer comes in and we know all the terms.

You can set up an email alert so you will receive listings as soon as they hit the market.

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 need recommendations for loan officer, real estate attorney or home inspectors just let us know. We will provide you with a few to contact and you can decide who you would like to work with.

All data used is from our MLS. MRED, LLC.

Fox Valley home prices May 14. 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

Fox Valley home prices May 7

Posted on May 7, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 7

Fox Valley home prices May 7. New listings of single family homes are up. 255 this week compared to 232 the previous week. A great way to start the month!

Closed listings of single family homes were also up. 241 this week compared to 217 the previous week.

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

Aurora-New 40 $85,900-$625,000

Closed-31 $135,500-$650,000

Bolingbrook-New 17 $254,900-$694,999

Closed-16 $225,000-$695,000

Geneva-New 13 $235,000-$1,299,000

Closed-11 $255,000-$875,000

Naperville-New 43 $350,000-$2,200,000

Closed-52 $300,000-$1,675,000

Oswego-New 14 $315,000-$530,000

Closed-17 $275,000-$750,000

Plainfield-New 26 $280,000-$599,900

Closed-26 $295,000-$670,000

St Charles-New 27 $214,028-$1,799,000

Closed-22 $250,000-$1,085,000

Yorkville-New 15 $229,900-$995,000

Closed-9 $300,000-$699,900

Other communities had activity this week. Please look at the photo above to see the home prices in those communities. You just might find home prices that are more appealing.

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

Median list price this week in the Fox Valley area of Illinois is $414,450, last week $399,900

Closed median price on single family homes this week $400,000, last week $393,717.

Stats 050722 — Stats for week ending May 7

Conventional financing was used to close on 178 homes at median price of $425750 with 24 days average market time, last week 170 homes at median price of $415,500 with 27 days average market time.

Conv 050722 — Conventional financing used for week ending May 7

Cash was used to close on 32 homes this week with a median price of $390,500 and 18 days average market time, last week 27 homes at median price of $370,000 with 27 days average market time.

CAsh 050722 — Cash used to close for week ending May 7

FHA financing was used to close on 25 homes this week with a medium price of $255,000 with 24 days average market time, last week 16 homes at median price of $307,500 with 27 days average market time.

FHA 050722 — FHA financing used to close for week ending May 7

VA financing was used to close on 5 homes with a median price of $590,000 with 18 days average market time, last week 4 homes at median price of $332,500 with 6 days average market time.

VA 050722 — VA financing used to close for week ending May 7

2,000 square feet or more closed on 144 homes with a median price of $496,250 with 31 days average market time, last week 140 homes with a median price of $473,142 with 20 days average market time. Minimum price this week on a 2,000 SF home was $200,000, last week $258,000.

2000 SF or more 050722 — 2,000 SF homes closed for week ending May 7

Contracts accepted this week

Contracts accepted this week on single family homes were down. 272 this week compared to 325 the previous week.

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

Aurora-39 Bolingbrook-27

Geneva-11 Naperville-49

Oswego-19 Plainfield-29

St Charles-15

1 short sale was accepted by a seller this week. It was in Aurora. 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. 4 with a kick-out clause of 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. 1 with a kick-out clause of 72 hours, and 2 with 48 hours.

Median price this week for homes that went under contract was $$399,900 with 22 days average market time, last week median price was $405,000 with 20 days average market time.

Contingent Stats 050722 — Contingent stats for week ending May 7

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 255 241 272

Totals 3102 3123 3843

Check back with us every Saturday for the real estate market update here in the Fox Valley area of Illinois. At the end of each month we take a look back at 2021 and 2020 so you can see how this year is going compared to the previous 2 years.

May will need to increase the numbers for new listings if it is going to reach April numbers.

Resources

Click on anything that is in bold letters an underlined and it will take you to the site for the information. If there is information not listed here that you are looking for just let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score. They will help you if you need to bring up your score.

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 this year you need to contact a loan officer and get them all your financial information. You need to go through the underwriting process so you know what you are approved for before starting to look at homes. You will be at a disadvantage if you do not go through this process. Homes are going under contract quickly and seller’s are looking for a buyer that is ready to go without having to wait to see if you qualify.

Request a home valuation if you are thinking about selling your home. Tell us a little bit about your home and what has recently been updated. We will provide you with a net proceeds that shows you and estimate of expenses to sell. When an offer comes in and we know all the terms we will update the net proceeds so you can make a good decision.

You can sign-up for email alerts to keep an eye on the market.

If you use Facebook you can go to our business page and look for the button “shop now” and search anywhere in Illinois.

You can also contact us and we can set you up to receive listings in real time as soon as they hit the market. Let us know what areas you are looking at. How many bedrooms and other criteria that is important to you.

All data provided today is from our MLS system. MRED, LLC. It updates constantly so the information I downloaded this morning is not the same as it is right now.

Fox Valley home prices May 7. Have an awesome week! The temperatures should increase as the week goes forward.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices April 30

Posted on April 30, 2022April 30, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 30

Fox Valley home prices April 30. New listings of single family homes are down. 232 this week compared to 302 the previous week. This is not heading in the right direction. We need to keep increasing the amount of homes listed to keep up with the demand.

Closed listings this week are slightly up. 217 this week compared to 198 the previous week. Most buyers want to close at the end of the month.

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

Aurora-New 29 $129,000-$925,000

Closed-27 $135,000-$550,000

Bolingbrook-New 20 $275,000-$525,000

Closed-15 $191,500-$510,000

Geneva-New 12 $239,500-$799,900

Closed-11 $260,000-$810,344

Naperville-New 50 $285,000-$1,525,000

Closed-41 $286,500-$1,450,000

Oswego-New 16 $160,000-$650,000

Closed-9 $224,000-$705,558

Plainfield-New 24 $199,000-$659,900

Closed-34 $215,000-$970,000

St Charles-New 18 $274,900-$838,000

Closed-16 $270,000-$1,350,000

Yorkville-New 7 $255,000-$499,900

Closed-12 $220,000-$475,000

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

Median list price this week $399,900, last week $410,000.

Closed median price this week $393,717, last week $389,000

Stats 043022 — Median listed and closed Stats for week ending April 30

Conventional financing was used to close on 170 homes this week at a median price of $415,500 in 20 days average market time, last week 152 homes closed at median price of $395,000 with 27 days average market time.

Conv 043022 — Conventional financing used for week ending April 30

Buyers used cash to close on 27 single family homes with a median price of $370,000 and 29 days average market time, last week buyers closed on 23 homes with a median price of $470,000 and 12 days average market time.

Cash 043022 — Cash used to close for week ending April 30

FHA financing was used to close on 16 homes with a median price of $307,500 and 27 days average market days, last week also 16 homes at median price of $287,500 and 12 days average market time.

FHA 043022 — FHA financing used to close for week ending April 30

VA financing was used to close on 4 homes with a median price of $332,500 and 6 days average market time, last week 6 homes with a median price of $258,500 and 41 days average market time.

VA 043022 — VA financing used to close for week ending April 30

2,000 square feet or more homes closed on 140 single family homes with a median price of $473,142 and 20 days average market time, last week 116 homes with a median price of $473,750 and 33 days average market time. Minimum price this week for a home that is at least 2,000 SF or more closed at $258,000, last week $191,000.

2000 SF or more 043022 — Homes that are at least 2,000 SF or more closed for week ending April 30

Contracts accepted this week

Contracts accepted this week were up. 325 this week compared to 245 the previous week.

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

Aurora-41 Bolingbrook-27

Naperville-66 North Aurora-12

Oswego-17 Plainfield-40

St Charles-24 Winfield-11

Yorkville-13

1 short sale was accepted by a seller this week. It is in Aurora. 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. 3 with a kick-out clause of 72 hours, 10 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 48 hours.

2022 by the month and a look back at 2021 and 2020

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 966

April 1168 966 1334

Totals 2847 2882 3571

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

Totals 3103 3278 4449

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

Totals 4206 2588 3736

2020 had the most new listings with the least amount of closed. This year we have the least amount of new listings and we are coning in 2nd for closed listings out of the 3 years.

New listings are steadily increasing this year, but not fast enough for the amount of buyers that are looking.

Resources

Click on anything that is underlined to take you to the site to get the information. If there is any other information that you are looking for just let us know.

Check with your loan officer to see what interest rates they are offering you. It depends on your credit score what interest rate you will be offered. They can help you bring up your score if you need to improve it.

Get the loan officer all your financial information so they can run you through underwriting so you are ready to go. When you find a house all you will need to do is home inspection/attorney review, and then you will be ready to order the appraisal. Just talking to them over the phone and giving them your information isn’t good enough anymore. You need to take this extra step to get ready before looking for homes.

Request a home valuation if you are thinking about selling your home. Let us know about your home and what has recently been updated. We will provide you with a net proceeds that shows you an estimate of the expenses to sell. When an offer comes in we will update this when we know all the terms.

You can sign-up for email alerts and get listings as they hit the market so you will not miss out on a thing.

If you are on facebook you can go to my business page and click on “shop now” and search anywhere in Illinois. You can even see what has sold.

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 need names of home inspectors or real estate attorneys we can provide you with a few that we have successfully worked with.

All data provided is from our MLS. MRED, LLC. It changes constantly throughout the day as agents update their information with new listings and status changes.

Fox Valley home prices April 30. 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

Types of loan and the process

Fox Valley home prices April 23

Posted on April 23, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 23

Fox Valley home prices April 23. We are here to tell you about the real estate market in the Fox Valley area of Illinois. If you would like to learn about other areas we can help you with that also. Communities will be highlighted that have the most activity this week, median prices, financing used, 2,000 Square feet or more, Contracts accepted, 2022 by the month, resources and how to get in touch with us.

New listings of single family homes was up. 302 this week compared to 206 the previous week. That is quite the jump! We are so happy to see this.

Closed listings of single family homes was up slightly. 198 this week compared to 190 the previous week.

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

Aurora-New 37 $125,000-$850,000

Closed-26 $122,820-$627,500

Batavia-New 11 $275,000-$575,000

Closed-7 $295,000-$550,000

Bolingbrook-New 15 $189,900-$525,000

Closed-13 $260,000-$716,000

Geneva-New 13 $249,000-$1,995,000

Closed-8 $297,500-$650,000

Naperville-New 72 $324,999-$1,500,000

Closed-42 $263,000-$1,600,000

Oswego-New 22 $230,000-$649,900

Closed-11 $242,000-$888,240

Plainfield-New 34 $239,000-$1,700,000

Closed-21 $250,000-$668,533

St Charles-New 28 $229,900-$1,300,000

Closed-17 $167,000-$679,500

Sugar Grove-New 10 $355,000-$980,000

Closed-1 $380,000

Yorkville-New 13 $299,990-$875,000

Closed-7 $191,000-$575,000

All these numbers will change as the day goes on. The system updates as agents upload the new listings and closed listings.

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

Median price of single family homes listed this week $410,000, last week $387,000.

Closed homes had a median price of $389,000 this week, last week $391,000.

Stats 042322 — Stats for week ending April 23

Conventional financing was used to close 152 homes this week with a median price of $395,000 27 days average market time, last week 144 homes with median price of $402,500 24 days average market time.

Conv 042322 — Conventional financing used for week ending April 23

Cash was used to close on 23 homes this week with a median price of $470,000 12 average market time, last week 24 homes with median price of $410,000 8 average market time.

Cash 042322 — Cash used to close for week ending April 23

FHA financing was used to close on 16 homes with a median price of $287,500 with 12 average days market time, last week 14 homes with median price of $297,500 with 21 days average market time.

FHA 042322 — FHA financing used to close for week ending April 23

VA financing was used to close on 6 homes with median price of $258,500 with 41 days average market time, last week also 6 homes but with median price of $583,500 with 110 average market time.

VA 042322 — VA financing used to close for week ending April 23

People looking for a home that was at least 2,000 square feet or more closed on 116 homes with median price of $473,750 with 33 days average market time, last week 116 homes with a median price of $465,750 with 29 days average market time. The minimum priced home this week was $191,000, last week $175,000.

2000 SF or more 042322 — Homes 2,000 SF or more for week ending April 23

Contracts accepted this week

Contracts accepted by sellers was down. 245 this week compared to 297 the previous week.

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

Aurora-36 Bolinbrook-15

Naperville-48 Oswego-12

Plainfield-33 St Charles-26

Yorkville-11

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

Contracts were accepted by seller’s that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and also 1 with 48 hours.

Also, contracts were accepted by seller’s that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 h ours, 48 hours and 24 hours.

Median list price of homes that went under contract this week $399,900 with 25 days average market time, last week $399,000 with 23 days average market time.

Contingent Stats 042322 — Contingent Stats for week ending April 23

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 934 749 1009

Totals 2615 2665 3246

New listings are increasing, but so are the closed and under contract. We need new listings to increase drastically to slow down the increase in prices. Interest rates are going up. We are starting to see market time go up and price changes so it is impacting some areas but not all.

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 2021 and 2020 so you can see how this year compares to the previous 2 years.

Resources

Click on each underlined resource that you want to know more about. If there is information not listed that you are looking for let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score. If you need to work on your score they can help you.

Contact us

Call 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.

Request a home valuation if you are thinking about selling your home. Tell us a little bit about your home and what has recently been updated. We will give you an estimate of what it will sell for and a net proceeds that shows you the expenses to sell. When an offer comes in we will update the net proceeds showing the terms and price offered so you can make a good decision.

Thinking about buying a home this year. You need to get all your financial information to a loan officer so they can put you through underwriting so you will know what you are pre approved for and the seller will also feel better accepting your offer knowing you went through this extra step.

Sign-up for email alerts so you don’t miss out on a home coming on the market.

You can search for me on facebook and click on the “shop now” button to search anywhere in Illinois.

All data provided today is from our MLS. MRED, LLC.

Fox Valley home prices April 23. 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

Types of loans and the process

Fox Valley home prices April 16 2022

Posted on April 16, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 16 2022

Fox Valley home prices April 16 2022. New listings are down. 206 this week compared to 239 the previous week. Hopefully it will pick up after the holiday.

Closed listings were up. 190 this week compared to 159 the previous week.

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

Aurora-New 29 $160,000-$569,000

Closed-34 $120,000-$1,010,000

Bolingbrook-New 14 $249,000-$499,500

Closed-12 $158,000-$581,000

Geneva-New 3 $294,900-$599,900

Closed-13 $240,000-$675,000

Naperville-New 35 $345,000-$1,395,000

Closed-34 $331,000-$2,200,000

Oswego-New 14 $255,000-$643,300

Closed-3 $399,000-$410,000

Plainfield-New 27 $224,900-$849,900

Closed-26 $240,000-$1,000,000

St Charles-New 11 $119,900-$3,895,000

Closed-15 $142,000-$895,000

West Chicago-New 12 $225,000-$1,425,000

Closed-3 $245,000-$630,000

Other communities had activity this week. Take a look at the photo above to see the price ranges there.

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

Median list price this week $387,000, last week $399,000.

Closed median price this week $391,000, last week $395,000.

Median list price for week ending April 16

Conventional financing used to close on 144 homes at median price $402,500 24 days average market time, last week 120 homes at median price of $407,000 39 days average market time.

Conventional financing used week ending April 16

Cash used to close on 24 homes with median price $410,000 8 days average market time, last week 22 homes at median price $335,500 19 days average market time.

FHA financing was used to close on 14 homes at median price $297,500 21 days average market time, last week 12 homes at median price $300,490 43 days average market time.

FHA financing used to close week ending April 16

VA financing used to close 6 homes at median price $583,500 110 days average market time, last week 5 homes at median price $454,990 66 days average market time.

VA financing used to close week ending April 16

2,000 square feet or more closed on 116 homes at median price of $465,750 29 days average market time, last week 90 homes at median price $484,000 51 days average market time. Minimum price this week $175,000, last week $260,000. What a difference a week makes!

2,000 SF or more closed week ending April 16

Conventional financing is still the most used that gets accepted by the seller. It is still challenging to get your offer accepted no matter what you are using. Don’t give up. Keep trying. Try to write an offer with the most favorable terms that you are comfortable with.

Contracts accepted this week

Contracts accepted this week were up. 297 this week compared to 247 the previous week.

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

Aurora-53 Bolingbrook-20

Geneva-14 Naperville-60

Oswego-18 Plainfield-29

St Charles-19

1 short sale was accepted by a seller this week. It was in Aurora. Now it will be submitted to the lender to see if they will also accept. Most seller’s that are having difficulty right now can sell and still walk away with money at closing. Prices have gone up so much. You might not need to sell short.

Seller’s have accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 4 with 48 hours.

Also, seller’s have accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours and also 1 with 24 hours.

The median price of the 297 homes that went under contract this week was $399,000 23 days average market time, last week 247 homes at median price of $390,000 27 days average market time.

Contract accepted stats for week ending April 16

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 634 551 764

Totals 2313 2467 3001

Check back with us every Saturday for the real estate market update. At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year is going so far.

New listings have increased every month since January. We hope that continues.

Resources

You can click on each one of these underlined to go to the site.

Types of loans and the process

Check with your loan officer to find out the interest rate you will be offered. It depends on your credit score. If you need to work on your score your loan officer will help you with that.

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.

Request a home valuation if you are thinking about selling your home. Tell us a little bit about your home and what has been recently updated. We will let you know what it is worth in today’s market. Also, we will provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home get all your financial information together and get it to a loan officer so they can get you pre approved. Then you will be ready to start looking at homes.

Sign up for email alerts so you will see homes as they hit the market. You will want to go see it right away if you are interested.

All data provided today is from our MLS MRED, LLC.

Fox Valley home prices April 16 2022. Have an awesome week! Let us know how we can help you.

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 a home today!

Fox Valley home prices April 2 2022

Posted on April 2, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 2 2022

Fox Valley home prices April 2 2022. We will show you the communities that are the most active, median prices, financing used, how many contracts were accepted this week. Compare what has happened so far this year and look back at 2021 and 2020 so you can see how this year is going so far. Share resources and how to contact us with questions.

New listing of single family homes were up. 189 this week compare to 168 the previous week.

Closed listings were also up. 202 this week compared to 171 the previous week.

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

Aurora-New 20 $149,900-$499,900

Closed-29 $115,000-$750,000

Bolingbrook-New 13 $269,000-$520,000

Closed-15 $186,000-$614,900

Naperville-New 35 $300,000-$1,849,000

Closed-31 $310,000-$2,550,000

Oswego-New 18 $230,000-$799,900

Closed-12 $235,000-$751,050

Plainfield-New 23 $289,000-$619,700

Closed-23 $235,000-$949,567

St Charles-New 15 $149,999-$849,900

Closed-20 $190,000-$1,050,000

Yorkville-New 7 $319,000-$924,900

Closed-10 $169,900-$670,000

Other communities had activity this week. Click on the photo above to see.

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

Median list price this week $379,000, last week $390,000.

Closed median price this week $389,950, last week $370,000.

Stats 040222 — Stats for the week ending April 2, 2022

Conventional financing was used to close on 147 single family homes with a median price of $411,000 with 29 average market days, last week 117 homes with median price of $405,000 with 36 average market days.

Conv 040222 — Conventional financing used for week ending April 2, 2022

Cash was used to close on 27 homes with median price of $380,000 with 12 average market days, last week 18 homes with median price of $457,750 with 21 average market time.

Cash 040222 — Cash used to close for week ending April 2, 2022

FHA financing was used to close on 23 homes with median price of $313,000 and 29 average market time, last week 28 homes at median price of $269,500 with 20 days average market time.

FHA 040222 — FHA financing used for week ending April 2, 2022

VA financing was used to close on 6 homes this week with a median price of $339,000 and average market time of 76 days, last week 8 homes with median price of $498,750 and 41 days average market time.

VA 040222 — VA financing used for week ending April 2, 2022

People looking for a home that was at least 2,000 square feet or more closed on 120 homes at a median price of $459,500 with 28 days average market time, last week 93 homes with a median price of $462,500 with 34 days average market time. The minimum price this week $299,000, last week $277,000.

2000 SF or more 040222 — Homes closed 2,000 SF or more April 2, 2022

Right now the financing you use makes a difference, but it is not the only thing. Timing and other terms might be more important for a seller. Finding out is key.

Contracts accepted this week

Contracts accepted this week were consistent. 220 this week compared to 222 the previous week. That is pretty consistent. They would be higher though with more listings. We are still dealing with not enough homes for the buyers that are out there looking.

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

Aurora-26 Bolingbrook-20

Montgomery-12 Naperville-41

Oswego-14 Plainfield-28

St Charles-13 Sycamore-12

No short sales were accepted by seller’s this week. Some people that are struggling can sell and still get money at closing. Prices have increased enough that they do not have to sell short.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 each with a kick-out clause of 72, 48 and 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 48 hours and 1 with 24 hours.

The median price of the 220 homes that received contracts this week was $369,950 with 20 days average market time. Last week 222 homes received a contract with median price of $394,950 with 20 days average market time. We will not know the price they agreed to until they close.

Contingent Stats 040222 — Contract accepted stats for week ending April 2, 2022

2022 by the month and a look back at 2021 and 2020

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 923 1106 1110

Totals 1868 2118 2457

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

Totals 2097 2352 3062

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

Totals 3558 1802 2961

New listings has decreased every year. This is why prices have increased.

More of the homes that have gone under contract that actually closed has increased every year. It has helped that loan officers are putting buyer’s through underwriting instead of just getting their information over the phone and checking their credit. We know the buyer’s are good to go and just need to make sure the appraisal works out and no issues with title.

Resources

If you are looking for any other information just let us know and we will point you in the right direction.

You will need to contract your loan officer to see what interest rate you will be offered. It depends on your credit score. The better your credit score the better the rate you will be offered. They can help you to increase your score if you need it. Just ask them what you can do.

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.

Request a home valuation if you are thinking about selling your home. We will let you know what it might sell for and show you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home you need to start with a loan officer and get them all your financial information so they can run you through underwriting to get you pre approved. You will be ready to go then and once you find a home all you need to do is make sure it appraises out and get the title updated. You can sign up to get homes emailed to you as they hit the market. All you need to do is sign up for email alerts. You can also go to my facebook page and click on “shop now” to search for homes.

We will guide you through the process.

All data provided is from our MLS. MRED, LLC

Fox Valley home prices April 2 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

Types of loans and the process

Fox Valley home prices March 26 2022

Posted on March 26, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 26 2022

Fox Valley home prices March 26 2022. Will the Spring real estate market arrive this year? Just like the weather here in the Fox Valley that is not sure if it is still Winter or Spring. Some weeks are better than others.

If you are a seller you are loving this market, but when you go to buy, you are finding it a challenge.

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

Aurora-New 19 $160,000-$899,900

Closed-28 $105,000-$600,000

Bolingbrook-New 8 $235,000-$485,000

Closed-15 $225,900-$740,000

Naperville-New 43 $259,900-$2,925,000

Closed-27 $310,000-$1,709,000

Plainfield-New 22 $275,000-$650,000

Closed-11 $287,000-$662,000

St Charles-New 13 $260,000-$2,300,000

Closed-14 $240,000-$1,225,000

Click on the photo above to see what other communities had activity this week.

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

The median home price of new listings this week was $390,000, last week $389,950.

Closed median home price this week $370,000, last week $372,250.

Stats 032622 — Stats for home prices this week

Conventional financing was used to close on 117 homes this week with a median price of $405,000 in 36 days average market time, last week 119 homes with median price of $395,000 in 42 days average market time.

Conv 032622 — Conventional financing used this week

Cash was used to close on 18 homes this week with a median price of $457,750 in 21 days average market time, last week 24 homes with median price of $385,000 with 32 days average market time.

Cash 032622 — Cash used to close on homes this week

FHA financing was used to close on 28 homes this week with median price of $269,500 in 20 days average market time, last week 24 homes with median price of $287,500 in 26 days average market time.

FHA 032622 — FHA financing used to close this week

VA financing used to close on 8 homes with median price of $498,750 in 41 days average market time, last week 9 homes with median price of $419,900 in 66 days average market time.

VA 032622 — VA financing used to close this week

People looking for a home that is 2,000 square feet or more closed on 93 homes this week with a median price of $462,500 in 34 days average market time, last week 100 homes with a median price of $451,750 in 50 days average market time. Minimum price this week was $277,000, last week $175,000.

2000 SF or more 032622 — 2,000 Square feet or more this week

Contracts accepted this week

Contracts accepted this week on single family homes was down this week. 222 this week compared to 237 the previous week.

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

Aurora-34 Bolingbrook-17

Geneva-12 Naperville-47

Plainfield-26 St Charles-15

West Chicago-10

No short sales were accepted by seller’s this week. Prices have increased so much that most people that are having difficulty can still sell and not sell short. If you are having difficulty, let us take a look at what you owe, and what your home might sell for and see what you can do.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 3 with 48 hours and 4 with 24 hours.

There were no contingencies this week on buyer’s that still had to sell and close before purchasing.

The median price for the 222 homes that went under contract this week was $394,500 in 20 days average marker time, last week 237 homes went under contract with a median price of $387,000 in 24 days average market time.

Contingent Stats 032622 — Contract accepted stats this week

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

Totals 1679 1916 2237

Check back with us each Saturday for the real estate market update. At the end of each month we will also take a look back at 2021 an 2020 so you can see how this year is going. March ends next Thursday so we will do this next week.

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.

Are you getting your home ready to sell this year? Request a home valuation and tell us a little bit about your home and what has recently been updated. We will give you an estimate of what it is worth and a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you want to buy a home this year you need to talk to a loan officer that will not just pre qualify you but run it through underwriting so you know you are approved up to a certain price and you just need to find the home get appraisal completed and update the title. You will be up against other people wanting the same home so you need to be farther along in the process to be considered by the seller. Get all your financial information together and get it to the loan officer.

Resources