Fox Valley home prices March 5 2022

Posted on March 5, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 5 2022

Fox Valley home prices March 5 2022. We hope for peace soon for Ukraine. The pace of new listings of single family homes coming on the market picked up slightly. 197 this week compared to 163 the week previously.

Closed listing also picked up. 174 this week compared to 128 the week previously.

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

Aurora-New 20 $124,900-$749,900

Closed-24 $170,000-$600,000

Bolingbrook-New 13 $239,900-$899,900

Closed-14 $180,000-$560,000

Naperville-New 40 $249,000-$2,950,000

Closed-21 $340,000-$1,425,000

Oswego-New 15 $244,900-$1,450,000

Closed-13 $293,200-$682,200

Plainfield-New 24 $218,000-$600,00

Closed-23 $251,101-$665,000

St Charles-New 17 $274,900-$3,299,000

Closed-8 $235,000-$720,000

Yorkville-New 12 $326,900-$464,900

Closed-16 $172,500-$602,500

Click on the photo above to take a look at the other communities that also had activity this week.

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

Median list price on single family homes this week $375,000, last week $385,000.

Closed median price this week $365,000, last week $343,500. The average days active this week 24 days with 39 to close. Previous week average days active 8 days with 42 days to close.

Stats 030522 — Stats for week ending March 5 2022

Conventional financing was used to close 123 homes this week with a median price of $385,548 with average market time 41 days, last week 90 homes at median price of $375,000 with 40 days average market time.

Conv 0030522 — Conventional Financing used week ending March 5 2022

Cash was used to close on 19 homes this week at median price of $326,000 with 25 days average market time, last week 13 homes at median price of $275,000 with 57 days average market time.

Cash 030522 — Cash used to close week ending March 5 2022

FHA financing was used to close on 22 homes this week with a median price of $275,750 in 35 days average market time, last week 19 homes at median price of $290,000 in 54 days average market time.

FHA 030522 — FHA financing used to close week ending March 5 2022

VA financing was used to close on 9 homes this week with a median price of $365,000 in 55 days average market time, last week 4 homes at median price of $269,494 in 24 days average market time.

VA 030522 — VA financing used to close week ending March 5 2022

95 homes that are at least 2,000 square feet or more closed this week at a median price of $436,000 in 45 days average market time, last week 68 homes closed at median price of $420,995 in 47 days average market time. The minimum price this week was $217,000, last week $160,000.

2000 SF or more 030522 — Homes that are 2,000 SF or more week ending March 5 2022

Contracts accepted this week

Contracts accepted this week were slightly up. 213 this week compared to 191 the previous week. With more new listings this week we should see this number go up next week.

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

Aurora-30 Bolingbrook-10

Geneva-10 Naperville-51

Oswego-12 Plainfield-31

St Charles-13

1 short sale was accepted by a seller this week. It was in Winfield. 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, 2 with 48 hours and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 48 hours, 1 with 24 hours and also 1 that we do not know how much time they gave them.

Of the 213 homes that went under contract this week average days on market was 37 days with median price of $397,500.

Contingent Stats 030522 — Contingent Stats for the week ending March 5 2022

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 197 174 213

Totals 1142 1186 1560

Check back with us every Saturday for the Fox Valley home prices market update. At the end of each month we will also show you 2021 and 2020 so you can see a comparison.

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 waiting for spring market to sell there is no reason to wait unless the timing is off for you. Buyers are waiting for homes to hit the market. Request a home valuation and tell us a little bit about your home. Let us know what has recently been updated. We will let you know what it is worth in today’s market and provide you with 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.

Thinking about buying a home this year? You need to get all your financial information to a loan officer so they can get you through the process of getting approved so you are ready to go and start looking at homes. Let us know if you need a recommendation.

Resources-click on them to learn more

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rate they will be offering you. It depends on your credit score what interest rate you are offered.

We are here to guide you through the process. There is more too it besides getting an offer accepted.

All data used is from our MLS MRED, LLC.

Fox Valley home prices March 5 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

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Fox Valley home prices February 19 2022

Posted on February 19, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022. Winter months are usually the slowest time of the year. Hang in there a couple more weeks. Spring market is right around the corner.

The market picked up 27 more listings of single family homes this week than the previous week. 137 this week compared to 110 the week before.

Closed listings saw a small increase as well. 121 this week compared to 107 the previous week.

Take a look at the communities that had the most activity this week:

Aurora-New 22 $134,900-$649,900

Closed-18 $104,000-$655,000

Bolingbrook-New 7 $189,000-$519,000

Closed-10 $267,900-$425,000

Naperville-New 23 $305,000-$2,995,000

Closed-20 $320,000-$1,200,000

Oswego-New 11 $250,000-$437,740

Closed-5 $330,200-$416,990

Plainfield-New 15 $129,900-$805,900

Closed-14 $185,000-$859,000

St Charles-New 12 $340,000-$1,200,435

Closed-9 $175,000-$831,000

Other communities had activity that you can check out on the photo above. We can also set you up to receive listings of homes in an area that you choose. Let us know what you are looking for and where and we can set you up to receive as they hit the market so you don’t miss out on a thing.

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

The median list price this week of single family homes was $375,500, last week $345,000.

Homes that closed this week had a median closed price of $374,355. last week $341,000.

Conventional financing was used to close on 88 homes with a median price of $397,262, last week 73 homes with median price of $387,000.

Cash was used to close on 15 homes this week with a median price of $477,500, last week also 15 homes with a median price of $284,500.

FHA financing was used to close on 11 homes with a median price of $258,000, last week 16 homes at a median price of $262,500.

VA financing was used to close on 7 homes at a median price of $330,000, last week 3 homes at a median price of $290,000.

72 homes closed that were 2,000 SF or more this week with a median price of $452,500, last week 58 homes at a median price of $422,495. The minimum price this week $279,900, last week $152,000.