Fox Valley home prices October 14th

Posted on October 14, 2023October 14, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices October 14th

Fox Valley home prices October 14th. No Indian summer in sight. Mostly mid 50’s and a lot of rain.

New listings are down. 128 this week compared to 191 the previous week.

Closed listings are also down. 115 this week compared to 152 the previous week.

Aurora -New 20 $169,900-$890,000

Closed-16 $181,000-$660,000

Batavia-New 10 $275,000-$899,900

Closed-4 $330,000-$775,000

Naperville-New 13 $450,000-$2,895,000

Closed-22 $333,000-$2,035,000

Plainfield-New 14 $299,900-$689,900

Closed-17 $280,000-$1,006,901

St Charles-New 10 $299,000-$1,799,000

Closed-6 $185,000-$1,030,000

Other communities had activity this week. Look at the photo above to see the price ranges in those communities.

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

Median list price this week $395,000, last week $409,900

Closed median price this week $385,000, last week $394,950.

Stats 101423 — Stats for week ending October 14th

Conventional financing used to close this week on 87 homes at median price $390,000 with 31 days average market time, last week 108 homes at median price $403,750 with 26 days average market time.

Conv 101423 — Conventional financing for the week ending October 14th

Cash was used to close on 18 homes this week at median price $377,500 with 37 days average market time, last week 17 homes at median price $415,000 with 26 days average market time.

Cash 101423 — Cash used to close for week ending October 14th

FHA financing used to close on 6 homes this week at median price $374,500 with 25 days average market time, last week 19 homes at median price $305000 with 25 days average market time.

FHA 101423 — FHA financing used to close for week ending October 14th

VA financing used to close on 4 homes this week at median price $370,000 with 19 days average market time, last week 6 homes at median price $473,530 with 14 days average market tine.

VA 101423 — VA financing used to close on October 14th

2,000 SF or more closed on 55 homes at median price $545,000 with 42 days average market time, last week 90 homes at median price $472,500 with 29 days average market time. Minimum price this week $310,000, last week $235,000.

2000 SF or more 101423 — 2000 SF or more for week ending October 14th

Conventional financing continues to be the choice for seller’s to accept. We need to start looking for assumable mortgages for the lower interest rates. It might get some people moving if they knew they did not have to accept these higher rates. Yes, you can refinance, but by assuming a mortgage with a low rate you would not have to refinance at a later date.

Under contract this week

Homes under contract this week are down. 136 this week compared to 156 the previous week.

Aurora-26 Naperville-25

Plainfield-25 St Charles-10

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

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

Median price of homes under contract this week $389,950 with 37 days average market time, last week $399,900 with 41 days average market time.

Under contract 101423 — Under contract stats for week ending October 14th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

June 1030 1059 926

July 765 745 805

August 869 988 915

September 684 621 623

October 319 267 292

Totals 6780 6310 7117

Things are starting to slow down as we head to the holidays. 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 have something to compare it to.

Resources to check out

Click on each bullet point or anything that is bold and underlined to take you to the site for the information.

If you are looking for a loan officer, real estate attorney, or a home inspector we can recommend a few that we have successfully worked with.

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 October 14th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Home Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices June 10th

Posted on June 10, 2023June 10, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 10th

Fox Valley home prices June 10th. Weather continues to be in the 70 and 80’s getting down to the upper 50’s at night. Perfect if only we had some rain.

New listings this week are down. 212 this week compared to 231 the previous week.

Closed listings are also down. 171 this week compared to 237 the previous week.

Aurora-New 27 $157,000-$790,000

Closed-24 $165,900-$565,000

Batavia-New 8 $415,000-$795,000

Closed-11 $290,000-$795,000

Bolingbrook-New 16 $247,000-$589,000

Closed-14 $250,000-$615,000

Naperville-New 54 $350,000-$1,995,000

Closed-34 $427,000-$1,325,000

Plainfield-New 34 $289,000-$775,000

Closed-24 $240,000-$648,861

St Charles-New 13 $239,900-$775,000

Closed-6 $325,000-$560,000

Yorkville-New 12 $389,900-$707,000

Closed-7 $364,900-$525,000

Other communities had activity this week. Click on the photo above to see the price ranges in those communities. We just highlight the most active. If you would like me to email you a copy let me know at besthomesfv@gmail.com.

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

Median list price this week $449,900, last week $420,000

Closed median price this week $445,000, last week $420,100.

Stats 061023 — Stats for week ending June 10th

Conventional financing was used to close on 132 homes this week at median price $452,500 with 22 days average market time, last week 168 homes at median price $437,500 with 22 days average market time.

Conv 061023 — Conventional financing used to close for week ending June 10th

Cash was used to close on 26 homes this week at median price $448,500 with 34 days average market time, last week 33 homes at median price $425,000 with 20 days average market time.

Cash 061023 — Cash used to close for week ending June 10th

FHA financing used to close on 6 homes this week at median price $349,990 with 7 days average market time, last week 20 homes at median price $337,750 with 43 days average market time.

FHA 061023 — FHA financing used to close for week ending June 10th

VA financing was used to close on 6 homes this week at median price $416,225 with 25 days average market time, last week 14 homes at median price $412,500 with 15 days average market time.

VA 061023 — VA financing used to close for week ending June 10th

2,000 Square feet or more closed on 105 homes at median price $523,000 with 24 days average market time, last week 142 homes at median price $510,000 with 26 days average market time. Minimum price this week $247,500, last week $255,000.

2000 SF or more 061023 — 2,000 SF or more homes closed for week ending June 10th

77% of homes closed this week using Conventional financing. The trend continues in our area.

Under contract this week

Homes that went under contract this week are up. 188 this week compared to 156 the previous week.

Aurora-24 Bolingbrook-14

Geneva-14 Naperville-27

Plainfield-23 St Charles-16

Yorkville-13

1 short sale was accepted by a seller this week. It was in St Charles. 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. 2 with a kick-out clause of 72 hours, 3 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. 2 with a kick-out clause of 48 hours.

Homes under contract this week had a median price $425,000 with 33 days average market time, last week $430,000 with 31 days average market time.

Under contract 061023 — Under contract stats for week ending June 10th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

June 443 408 344

Totals 3556 3038 3900

Check back with us every Saturday for the real estate market update in 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 have something to compare too.

New listings are more than closed listings, that is a good thing to see. We still need more listings in different price ranges so everyone has something to choose from.

Under contract listings sometimes come back on the market. That is why they are higher than closed listings.

Resources

Click on everything that is underlined and bold in the bullet points to take you to the site for the information.

Also check with your loan officer to see if they have any programs to help get you into a home.

All data provided today is 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 June 10th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices April 15th

Posted on April 15, 2023April 15, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 15th

Fox Valley home prices April 15th. We are in the 80’s today, but going down to 42 on Monday then back to 50 and 60’s.

New listings this week are up. 220 this week compared to 142 the previous week.

Closed listings are down. 108 this week compared to 183 the previous week.

Aurora-New 26 $190,000-$1,300,000

Closed-12 $127,000-$541,850

Bolingbrook-New 13 $239,900-$695,000

Closed-9 $270,000-$677,887

Geneva-New 14 $250,000-$925,000

Closed-8 $340,000-$680,000

Naperville-New 49 $318,000-$3,200,000

Closed-11 $327,500-$810,000

Oswego-New 11 $320,000-$2,200,000

Closed-9 $271,000-$550,000

Plainfield-New 31 $235,000-$1,500,000

Closed-19 $290,000-$649,000

St Charles-New 18 $300,000-$2,250,000

Closed-7 $285,000-$1,050,000

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

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

Median list price this week $442,500, last week $420,000

Closed median price this week $400,500, last week $394,000

Stats 041523 — Stats for week ending April 15th

Conventional financing was used to close on 83 homes this week at median price $410,000 with 45 days average market time, last week 133 homes at median price $384,900 with 43 days average market time.

Conv 041523 — Conventional financing used to close for week ending April 15th

Cash was used to close on 14 homes this week at median price $337,500 with 14 days average market time, last week 29 homes at median price $445,000 with 57 days average market time.

Cash 041523 — Cash used to close for week ending April 15th

FHA financing was used to close on 8 homes at median price $344,950 with 42 days average market time, last week 12 homes at median price $326,500 with 64 days average market time.

FHA 041523 — FHA financing used to close for week ending April 15th

VA financing was used to close on 4 homes this week at median price $404,820 with 21 days average market time, last week 8 homes at median price $444,995 with 101 days average market time.

VA 041523 — VA financing used to close for week ending April 15th

2,000 Square feet or more closed on 67 homes this week at median price $455,490 with 37 days average market time, last week 104 homes at median price $468,750 with 58 days average market time. Minimum price this week $325,000, last week $120,000.

2000 SF or more 041523 — 2000 SF or more for week ending April 15th

Conventional financing continues to be the type of financing most used.

Under contract this week

Homes that went under contract this week are up. 189 this week compared to 154 the previous week.

Aurora-26 Bolingbrook-12

Naperville-33 Oswego-14

Plainfield-31

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. 1 with a kick-out clause of 72 hours, 5 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. 4 with a kick-out clause of 48 hours and 1 with 24 hours.

Median price of homes that went under contract this week $415,000 with 33 average market time, last week median price $396,750 with 30 days average market time.

Under contract Stats 041523 — Under contract stats for week ending April 15th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 362 291 343

Totals 2030 1701 2328

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.

Resources

Click on each bullet point that is underlined to take you to the site for the information.

All data provided today is 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 April 15th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices March 4th

Posted on March 4, 2023March 4, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 4th

Fox Valley home prices March 4th. We just missed a big snow storm luckily. It went to the south and east of us. Temperatures are hovering around 40°. Monday will be the exception, it will be 60°, then back to the 40’s.

New listings this week were consistent. 127 this week compared to 120 the previous week.

Closed listings were up. 144 this week compared to 103 the previous week.

Aurora-New 17 $127,000-$579,900

Closed-19 $185,200-$615,000

Naperville-New 26 $339,900-$1,350,000

Closed-22 $375,770-$1,800,000

Oswego-New 11 $275,000-$625,000

Closed-11 $215,000-$623,000

St Charles-New 6 $449,800-$1,300,000

Closed-11 $215,000-$650,000

We highlighted the communities with the most activity. Click on the photo above to see activity in other communities and the price ranges.

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

Median list price this week $400,000, last week it was exactly the same $400,000.

Closed median price this week $374,495, last week $385,000.

Stats 030423 — Stats for week ending March 4th

Conventional financing was used to close on 99 homes this week with a median price $401,000 with 50 days average market time, last week 70 homes at median price $386,500 with 46 days average market time.

Conv 030423 — Conventional financing used to close for week ending March 4th

Cash was used to close on 16 homes this week with a median price $355,000 with 36 days average market time, last week 13 homes at median price $415,000 with 45 days average market time.

Cash 030423 — Cash used to close for week ending March 4th

FHA financing was used to close on 21 homes this week at median price $300,000 with 77 days average market time, last week 12 homes at median price $299,500 with 70 days average market time.

FHA 030423 — FHA financing used to close for week ending March 4th

VA financing was used to close on 6 homes this week at median price $346,500 with 62 days average market time, last week 8 homes at median price $465,000 with 46 days average market time.

VA 030423 — VA financing used to close for week ending March 4th

2,000 square feet or more closed on 86 homes this week at median price 432,950 with 55 days average market time, last week 63 homes at median price $450,000 with 58 days average market time. Minimum price this week $168,000, last week $245,000.

2000 SF or more 030423 — 2,000 SF or more closed for week ending March 4th

Conventional financing continues to be the financing to get accepted at just slightly over 68% of homes closed.

Almost 60% of homes closed are 2,000 SF or more in the Fox Valley area.

Under contract this week

Homes that went under contract this week are down. 147 this week compared to 166 the previous week.

Aurora-22 Bolingbrook-11

Naperville-17 Plainfield-25

St Charles-10

Click on the photo above to see the other communities that also had homes go under contract this week.

1 short sale was accepted by a seller this week. It was in Minooka. Now it will go to the lender to see if they will also accept.

A Seller accepted a contract that is contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 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, 1 with 48 hours, and also 1 with 24 hours.

Median price of homes under contract this week $399,000 with 55 days average market time, last week median price $377,400 with 45 days average market time.

Under contract this week 020423 — Under contract for week ending March 4th

2023 by the month and a look back at 2022 and 2021

2023

Month New Closed Under contract

January 483 326 470

February 630 526 789

Totals 1113 852 1259

2022

January 422 492 626

February 523 520 724

Totals 945 1012 1350

2021

January 543 649 829

February 561 604 778

Totals 1104 1253 1607

There were only 2 days this week that were in February. I decided to carry it over just in case they were the busiest 2 days of the week.

You will see that the number will steadily go up each month. Get with your loan officer to get approval before you miss out on your dream home. This needs to go with an offer. The seller will not accept without it in most cases, unless you have cash, and then you will need a letter from your bank showing that you have the funds available.

Check back with us every Saturday for the Fox Valley home prices.

Resources

Click on each bullet point to take you to the site for the information. If you are looking for any other information not list let us know and we will point you in the right direction.

Check with your loan officer for the interest rate you will be offered. It depends on your credit score and other things they will explain to you.

All data is provided from our MLS, MRED, LLC. It changes continuously 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 March 4th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices January 21st

Posted on January 21, 2023January 21, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 21st

Fox Valley home prices January 21st. It sure has been a mild winter so far. We might see some snow this next week.

New listings this week were slightly up. 134 this week compared to 114 the previous week.

Closed listings were slightly down. 69 this week compared to 89 the previous week.

These numbers are extremely low even for this time of year.

Aurora-New 17 $214,900-$595,000

Closed-12 $142,000-$535,000

Naperville-New 24 $295,000-$1,899,000

Closed-5 $336,000-$2,200,000

Plainfield-New 26 $299,900-$600,000

Closed-10 $270,000-$653,990

Yorkville-New 10 $177,000-$507,990

Closed-5 $275,000-$510,000

Click on the photo above to see the other communities that had activity this week. We just highlighted the ones with the most activity.

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

Median list price this week $389,990, last week $414,900.

Closed median price this week $335,000, last week $ 399,000.

Stats 012123 — Stats for week ending January 21st

Conventional financing used to close on 48 homes at median price $346,265 with 51 days average market time, last week 66 homes at median price $445,000 with 44 days average market time.

FHA 012123 — Conventional financing used to close for week ending January 21st

Cash was used to close on 10 homes this week at median price $309,000 with 40 days average market time, last week 8 homes at median price $387,500 with 27 days average market time.

Cash 012123 — Cash used to close for week ending January 21st

FHA financing was used to close on 9 homes this week at median price $269,900 with 39 days average market time, last week 12 homes at median price $301,200 with 55 days average market time.

VA financing was used to close on 1 home this week $450,000 with 76 days average market time, last week 2 homes at median price $349,495 with 80 days average market time.

VA 012123 — VA financing used to close for week ending January 21st

2,000 SF or more closed on 34 homes this week with a median price $470,500 with 41 days average market time, last week 57 homes at median price $517,000 with 55 days average market time. Minimum price this week $286,000, last week $279,000.

2000 SF or more 012123 — 2,000 SF or more homes closed for week ending January 21st

Conventional financing continues to be the financing that gets accepted and closed.

Homes under contract this week

Homes that went under contract this week are slightly up. 122 this week compared to 114 the previous week.

Aurora-21 Bolingbrook-10

Naperville-22 St Charles-14

1 short sales went under contract this week. It was in Montgomery. Now it will be submitted to the lender to see if they will also accept.

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

Median price of homes that went under contract this week $379,900 with 64 days average market time, last week $349,950 with 67 days average market time.

Under contract stats 012123 — Median price of homes under contract for week ending January 21st

2023 by the month

Month New Closed Under contract

January 356 228 312

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 have something to compare to.

Resources

Click on each bullet point to take you to the site for the information.

Types of loans and the process
VA loans and the requirements
Current interest rates
Down payment assistance
IHDA programs
Request home valuation
Sign-up for email alerts
Search for homes

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and other things that they will explain to you. The better your credit score, the better the interest rate you will be offered. They can also help you bring up your score if you need to.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day as REALTORS® upload their information.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices January 21st. 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

Fox Valley home prices August 20th

Posted on August 20, 2022August 20, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices August 20th

Fox Valley home prices August 20th. Busy time right now with everyone getting their kids back to school.

Every Saturday we are here to update you on the week with new listings, closed, contracts accepted, 2022 by the month, median prices and the financing used to get to closing.

New listing this week were down. 171 this week compared to 206 the previous week.

Closed listings were up. 229 this week compare to 213 the previous week.

Aurora-New 21 $99,900-$824,900

Closed-32 $177,000-$590,000

Bolingbrook-New 17 $189,900-$549,900

Closed-16 $195,000-$542,000

Geneva-New 5 $269,108-$595,000

Closed-19 $234,900-$980,000

Naperville-New 33 $389,000-$1,849,000

Closed-48 $290,000-$1,500,000

Oswego-New 8 $250,000-$624,900

Closed-12 $300,000-$581,660

Plainfield-New 25 $270,000-$615,000

Closed-19 $200,000-$621,180

St Charles-New 14 $165,000-$1,175,000

Closed-22 $245,000-$880,000

Yorkville-New 5 $249,900-$599,000

Closed-10 $280,000-$630,000

Median prices, financing used, and 2,000 SF or more

Median list price this week $397,500, last week $398,180.

Closed median price this week $390,000, last week also $390,000

Stats 082022 — Stats for week ending August 20th

Conventional financing was used to close on 177 homes this week at median price $399,990 with 22 days average market time, last week 155 homes at $433,000 median price with 18 days average market time.

Conv 082022 — Conventional financing used to close for week ending August 20th

Cash was used to close on 21 homes this week at median price $400,000 with 22 days average market time, last week 28 homes at median price $330,000 with 28 days average market time.

Cash 082022 — Cash used to close for week ending August 20th

FHA financing was used to close on 21 homes this week at median price $298,500 with 22 days average market time, last week 20 homes at median price $315,000 with 13 days average market time.

FHA 082022 — FHA financing was used to close for week ending August 20th

VA financing was used to close on 8 homes this week at median price $407,500 with 30 days average market time, last week 9 homes at median price $333,000 with 18 days average market time.

VA 082022 — VA financing used to close for week ending August 20th

2,000 square feet or more closed on 136 homes this week at median price $464,000 with 21 days average market time, last week 138 homes at median price $484,950 with 20 days average market time. Minimum price this week $220,000, last week $110,000.

2000 SF or more 082022 — 2,000 SF or more for week ending August 20th

Contracts accepted this week

Contracts accepted this week were slightly up. 228 this week compared to 222 the previous week.

Aurora-34 Bolingbrook-26

Naperville-29 Plainfield-33

St Charles-15 Yorkville-12

No short sales were accepted by seller’s this week

Sellers accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 8 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. 2 with a kick-out clause of 72 hours, 6 with 48 hours, and 1 with 24 hours.

Median price of homes that went under contract this week $365,000 with 33 days average market time, last week median price $359,700 with 37 days average market time.

Contingent Stats 082022 — Contingent Stats for week ending August 20th

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 1101 893 806

June 1295 1409 1234

July 955 932 908

August 643 666 651

Totals 6841 6782 7170

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 take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Click on anything that is underlined and bold. It will take you to the site for the information.

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

If you need recommendations for loan officer, real estate attorney, or home inspector let us know and we can recommend a few of each and you can decide who you want to work with.

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 goal.

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

Fox Valley home prices August 20th. 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

Fox Valley home prices July 16th

Posted on July 18, 2022July 18, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices July 16th

Fox Valley home prices July 16th. I am late posting this blog post because I was enjoying time with my grandkids last week. Data was downloaded Saturday morning like usual. I give you the numbers instead of percentages so you can actually see the activity. I will show you the new listings, closed listings, median prices, financing used, 2022 by the month and how many contracts were accepted by seller’s this week. We will also show you some good resources you can use for information or help.

New listings this week were up. 277 this week compared to 257 the previous week.

Closed listings were also up. 241 this week compared to 175 the previous week.

Aurora-New 38 $100,000-$749,900

Closed-46 $153,000-$870,000

Bolingbrook-New 19 $234,900-$825,000

Closed-14 $275,000-$585,000

Geneva-New 10 $195,000-$699,000

Closed-5 $456,000-$950,000

Montgomery-New 11 $215,000-$484,900

Closed-9 $230,000-$375,000

Naperville-New 59 $360,000-$6,000,000

Closed-46 $245,500-$1,500,000

Oswego-New 17 $240,000-$1,400,000

Closed-15 $235,000-$528,419

Plainfield-New 33 $270,000-$875,000

Closed-23 $255,500-$740,000

St Charles-New 17 $248,900-$950,000

Closed-23 $225,000-$1,275,000

West Chicago-New 10 $212,000-$950,000

Closed-7 $275,000-$528,000

These are the communities with the most activity. Look at the picture above for other communities that also had activity but in smaller numbers.

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

Median list price this week$400,000, last week $415,000

Closed median price this week $405,200, last week $414,900.

Stats 071622 — Stats for week ending July 16th

Conventional financing was used to close 175 homes this week at median price $430,000 with 20 days average market time, last week 120 homes at median price $440,000 with also 20 days average market time.

Conv 071622 — Conventional financing used to close for week ending July 16th

Cash was used to close on 24 homes this week at median price $396,000 with 39 days average market time, last week also 24 homes at median price $402,500 with 31 days average market time.

Cash 071622 — Cash used to close for week ending July 16h

FHA financing used to close on 28 homes at median price $317,500 with 13 days average market time, last week 22 homes at median price $325,000 with 22 days average market time.

FHA 071622 — FHA financing used to close for week ending July 16th

VA financing was used to close on 13 homes at median price $399,900 with 16 days average market time, last week 8 homes at median price $407,500 with 9 days average market time.

VA 071622 — VA financing used to close for week ending July 16th

Homes that were at least 2,000 square feet or more closed on 157 homes at median price $498,000 with 18 days average market time, last week 106 homes at median price $472,500 with 20 days average market time. Minimum price this week $299,000, last week $229,000.

2000 SF or more 071622 — Homes 2,000 SF or more for week ending July 16th

Contracts accepted this week

Contracts accepted this week were up. 245 this week compared to 190 the previous week.

Aurora-37 Bolingbrook-17

Naperville-49 Oswego-12

Plainfield-32 St Charles-15

No short sales were accepted by seller’s this week. If you are having trouble you might be able to sell and not have to sell short in this market.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 2 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. 5 with a kick-out clause of 72 hours, 1 with 48 hours, and also 1 with 24 hours.

Median price for homes that went under contract this week $385,000 with 33 days average market time, last week median price $375,000 with 28 days average market time.

Contingent Stats 071622 — Contingent Stats for week ending July 16th

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 1101 893 806

June 1295 1409 1234

July 534 416 435

Totals 5777 5600 6046

It is still a tight market. When new listings start to exceed closed by a wider margin prices will continue to rise.

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

Resources

Click on anything that is highlighted and underlined to take you to the site for the information. If there is other information that you are looking for just let us know so we can 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 to bring it up they can help you with that.

We will provide you with a net proceeds when you request a home valuation. This shows you the 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 your loan officer, so they can put you through underwriting so you can get approved before even looking at homes. You will know that you qualify for the homes that you are looking at, and the seller will not worry about accepting your offer knowing that you have already gone through the process. As long as the home appraises out and title work is done it will close. Waiting until a week before closing to find out you are approved is crazy.

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 recommendation for loan officers, real estate attorneys or home inspectors we can recommend a few and you choose who you want to work with.

All data is from our MLS. MRED, LLC. It was downloaded Saturday morning. After the download the numbers change continuously throughout the day as agents upload their new listings, price changes, contract pending and closed homes.

Fox Valley home prices July 16th. Have an awesome week!

Kristine Heiman, SRS, SFR, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices July 9th

Posted on July 9, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices July 9th

Fox Valley home prices July 9th. We will update you on the prices, financing used, communities receiving the most contracts and show you 2022 by the month.

New listings this week are up. 257 this week compared to 207 the previous week.

Closed listings this week are way down. 175 this week compared to 344 the previous week.

Aurora-New 33 $174,900-$699,000

Closed-25 $60,000-$607,500

Batavia-New 5 $299,900-$1,395,000

Closed-11 $240,000-$599,500

Bolingbrook-New 26 $212,800-$850,000

Closed-11 $320,000-$545,000

Elburn-New 12 $334,900-$1,599,000

Closed-7 $305,000-$700,000

Geneva-New 14 $269,900-$1,050,000

Closed-10 $285,000-$705,000

Montgomery-New 13 $219,900-$410,000

Closed-6 $222,500-$331,000

Naperville-New 51 $299,900-$3,400,000

Closed-35 $360,000-$1,750,000

Plainfield-New 28 $244,900-$764,900

Closed-19 $280,000-$675,000

St Charles-New 13 $309,900-$1,199,000

Closed-15 $137,000-$674,041

Yorkville-New 13 $275,000-$525,000

Closed-5 $250,000-$450,000

Other communities had activity. You might want to check them out in the photo above.

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

Median list price this week $415,000, last week $404,900

Closed median price this week $414,900, last week $420,000

Stats 070922 — Stats for week ending July 9th

Conventional financing was used to close on 120 homes this week with a median price $440,000 with 20 days average market time, last week 251 homes with median price $450,000 with 19 days average market time.

Conv 070922 — Conventional financing used to close for week ending July 9th

Cash was used to close on 24 homes with a median price $402,500 with 31 days average market time, last week 46 homes with median price $399,000 with 17 days average market time.

FHA financing was used to close on 22 homes with median price $325,000 with 22 days average market time, last week 37 homes at median price $327,500 with 17 days average market time.

FHA 070922 — FHA financing used to close for week ending July 9th

VA financing was used to close on 8 homes at median price $407,500 with 8 days average market time, last week 7 homes at median price $428,000 with 17 days average market time.

VA 070922 — VA financing used to close for week ending July 9th

Homes that were at least 2,000 square feet or more closed on 106 homes at median price $472,500 with 20 days average market time, last week 222 homes at median price $510,000 with 19 days average market time. Minimum price for 2,000 square feet or more this week $229,800, last week $125,000. What a difference a week makes!

2000 SF or more 070922 — 2,000 SF or more for week ending July 9th

Conventional financing continues to be the most accepted way seller’s are choosing which buyer’s to work with. The majority of homes closed this week were 2,000 square feet or more.

Contracts accepted this week

Contracts accepted this week were down. 190 this week compared to 225 the previous week.

Aurora-30 Bolingbrook-19

Naperville-28 Oswego-13

Plainfield-24

These communities continue to be the most active communities.

No short sales were accepted by sellers this week.

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 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, 3 with 48 hours, and 1 with 24 hours.

Median price of homes that went under contract this week $375,000 with 28 days average market time, last week median price $400,000 with 23 days average market time.

Contingent Stats 070922 — Contingent stats for week ending July 9th

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 1101 893 806

June 1295 1409 1234

July 257 175 190

Totals 5500 5359 5801

It is still a very tight market with new listings. Even with interest rates rising. Some will need to adjust the price of home they are looking at.

Check back with us every Saturday for the real estate market update. At the end of each month we will also take a look at 2021 and 2020 so you can compare the 3 years to see how this year is going.

Resources

We give you these resources every week. Click on anything that is bold and underlined to take you to the site for more information. If there is information that you are searching for not listed here please let us know and we will point you in the right direction.

Check with your loan officer for the rate you will be offered. It depends on your credit score. If you need to work on your credit score they can help you with that.

If you click on the home valuation and give us information about your home and what has been recently update we can let you know what it might sell for in today’s market. We will also provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in so you can make a good decision.

Thinking about buying a home? Get all your financial information together and get it to a loan officer so they can run you through underwriting and get you approved for a loan subject to appraisal and title update. When you do this a seller will be confident that choosing your offer will be a good bet that it will close.

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 today is from our MLS. MRED, LLC. It is continuously updated throughout the day as agents upload their new listings, price changes and contracts accepted.

Fox Valley home prices July 9th. Have an awesome week! Let us know how we can help you.

Kristine Heiman, AHWD, SRS, SRES, SFR

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

630-742-7730 Cell Phone

Fox Valley home prices June 11

Posted on June 11, 2022June 11, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 11

Fox Valley home prices June 11. This is the first full week of June. We will go over new listings, closed and contracts accepted. What communities had the most activity, median prices and financing used. We will also take a look at 2022 by the month.

New listings this week were down. 243 this week compared to 279 the previous week.

Closed listings were also down. 256 this week compared to 306 the previous week.

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

Aurora-New 32 $139,900-$1,230,000

Closed-26 $150,000-$906,000

Batavia-New 11 $255,000-$709,900

Closed-10 $290,750-$495,000

Bolingbrook-New 23 $120,000-$950,000

Closed-26 $230,000-$540,000

Geneva-New 9 $234,900-$899,000

Closed-15 $235,000-$999,486

Naperville-New 44 $329,500-$3,750,000

Closed-46 $300,000-$1,350,000

Oswego-New 14 $295,000-$520,000

Closed-12 $240,000-$585,000

Plainfield-New 34 $239,900-$1,045,000

Closed-25 $285,000-$625,000

St Charles-New 15 $275,000-$825,000

Closed-16 $315,000-$950,000

Yorkville-New 13 $179,500-$689,900

Closed-11 $194,500-$810,000

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

Median list price this week $399,000, last week $400,000

Closed median price this week $415,500, last week $410,000

Stats 061122 — Stats for week ending June 11

Conventional financing was used for 184 homes with median price of $434,000 with 19 days average market time, last week 251 homes at median price $430,000 with 12 days average market time.

Conv 061122 — Conventional financing used for week ending June 11

Cash was used to close on 35 homes with median price $402,500 with 18 days average market time, last week 18 homes at median price $391,250 with 13 days average market time.

Cash 061122 — Cash used to close for week ending June 11

FHA financing was used to close on 25 homes this week with a median price $320,000 with 34 days average market time, last week 19 homes with a median price $310,000 with 24 days average market time.

FHA 061122 — FHA financing used to close for week ending June 11

VA financing was used to close on 9 homes this week with a median price $437,180 with 14 days average market time, last week 15 homes with median price $383,000 with 51 days average market time.

VA 061122 — VA financing used to close for week ending June 11

Homes that are at least 2,000 square feet or more closed on 167 with a median price $497,600 with 25 days average market time, last week 193 homes with median price $480,000 with 16 days average market time. Minimum price this week $228,000, last week $155,000. What a difference a week makes.

2000 SF or more 061122 — Homes that were at least 2,000 SF or more closed for week ending June 11

Contracts accepted this week

Contracts accepted this week were up. 290 this week compared to 218 the previous week.

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

Aurora-42 Batavia-12

Bolingbrook-22 Geneva-14

Montgomery-16 Naperville-49

Oswego-12 Plainfield-35

St Charles-17 Yorkville-11

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. 3 with a kick-out clause of 72 hours, 7 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. 1 with a kick-out clause of 72 hours and 3 with 48 hours.

1 that we do not have information about how long the buyers have to waive contingences or drop out.

Median price under contract this week $379,950 with 31 days average market time, last week median price $399,450 with 20 days average market time.

contingent stats 061122 — Contingent stats for week ending June 11

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 1101 893 806

June 522 562 508

Totals 4470 4337 4885

It is still a tight market, but loosening up slightly. Prices are still rising.

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 take a look back at 2021 and 2020 so you can see how the market is doing this year.

Resources

Click on everything that is darkened and underlined. It will take you to the site for the information. If there is any other information 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 they will be offering you. It depends on your credit score. They can help you bring up your score. Just ask.

We can also recommend real estate attorney, home inspector and loan officers.

Request a home valuation and we will let you know what your home is worth in today’s market. Give us some information about your home and what has been recently updated.

If you are thinking about buying a home you need to get in touch with a loan officer and get them all your financial information so they can put you through underwriting and get approved for a loan so when you start looking you know that you will be able to go through with it and it also lets the seller know that you already did the work. It puts you in a better position to win.

Sign-up for email alerts so you do not miss out on a property that comes on 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.

All data provided today is from our MLS. MRED, LLC. The data is constantly changing as agents upload the information throughout the day.

Fox Valley home prices June 11. 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

Search for a home today!

Fox Valley home prices December 18 2021

Posted on December 18, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 18 2021

Fox Valley home prices December 18 2021. New listings of single family homes are down. 84 this week compared to the previous week 78. Some improvement, but definitely not enough.

Closed listings of single family homes were up. 230 this week compared to 210 the previous week. The next 2 weeks will not be interrupted too much with the Christmas and New year holiday since they fall on Saturday.

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

Aurora-New 12 $175,000-$544,900

Closed-27 $100,000-$775,000

Batavia-New 2 $214,900-$239,900

Closed-15 $189,900-$800,000

Bolingbrook-New 8 $235,000-$419,500

Closed-19 $200,000-$480,000

Geneva-New 2 $349,900-$899,000

Closed-12 $275,000-$2,500,000

Montgomery-New 2 $215,000-$339,900

Closed-11 $170,000-$355,000

Naperville-New 11 $397,000-$1,375,000

Closed-30 $325,000-$1,200,000

Oswego-New 7 $315,000-$434,990

Closed-12 $267,000-$470,000

Plainfield-New 13 $200,000-$849,000

Closed-35 $250,000-$660,000

St Charles-New 5 $99,999-$1,179,000

Closed-16 $210,000-$1,449,900

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

Median list price this week $349,900, last week $347,000

Closed median price this week $357,500, last week $332,500.

Conventional financing closed this week 164 with a median price $380,000, last week 150 at $360,050 median price

Cash closed 30 with median price $332,500, last week 18 at median price $287,750.

FHA closed 23 with median price $279,000 this week, last week 35 at median price $287,000.

VA financing used to close 13 at median price $375,000, last week 7 at $320,000 median price.

2,000 square feet or more single family homes closed 143 at median price of $420,000 this week, last week 121 at $412,000.

Minimum price was $233,500 this week, last week $240,000. This gives you an idea of pricing in the Fox Valley if you are looking for a bigger home. You might be looking for more bedrooms, home office or family room that you do not have now.

Conventional financing is still the one seller’s are accepting right now the most. If your loan officer has pre approved you for something else you might also have them pre approve you for Conventional financing just in case so you do not lose out on a home.

Contracts accepted this week

Contracts accepted this week were consistent. 143 accepted this week compared to 141 the week before. Sales are still happening even though the new listings continue to go down. It is a great time to be a seller right now! You do not have to wait until Spring.

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

Aurora-36 Bolingbrook-12

Naperville-16 Plainfield-14

St Charles-14

These are the communities that consistently have the most activity.

No short sales were accepted by seller’s this week. Most people that are having difficulty do not have to sell short right now unless they bought their home in the last couple of years. Prices have increased enough that most people can sell and not go through that process because there is enough equity.

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

2021 by the month

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

December 264 684 431

Totals 10487 12559 13332

The closed column is the most important one to look at. These are actual numbers.

Some of the closings were carried over from 2020. That is why there are more closed than new listings.

Contracts accepted column can have numbers that are counted more than once. Some seller’s accept a contract and then they don’t make it past attorney review, home inspection or buyer does not obtain financing so they go back on the market and get another contract.

Check back with us every Saturday for the 2021 by the month. At the end of each month we compare to 2020 and 2019 so you can see how the year has gone and look at the pattern for when most activity occurs.

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 ahome valuation if you are thinking about selling. Tell us about your home and what updates have been completed recently. A net proceeds will be provided that shows you and estimate of expenses to sell. When an offer comes in this will be updated and we can have all the terms reflected to give you better numbers.

Thinking of buying a home? You need to get in touch with a loan officer and provide them with all your financial information. They will give you a letter showing how much you qualify for and what type of loan. When you find a home this will be sent with the offer to let the seller know you do qualify for their home.

Resources:

Contact your loan officer to see what rates they are offering you based on your credit score. They will help you if you need to bring your score up. The better the score you have the better the rate you will be offered.

If you need recommendations for loan officer, real estate attorney or home inspector we can provide a few. You can contact them and decide who you want to work with.

If you are on Facebook please look for me there. You can click on the “shop now” and search anywhere in Illinois.

All data provided from our MLS, MRED, LLC.

Fox Valley home prices December 18 2021. Have a great week. Search for a home today!

Kristine Heiman, SRS, SFR, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101