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

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

Search for a home today!

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

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Contact your loan officer to see what interest rates you will be offered. It depends on your credit score. They can also help you bring up your score if it needs a little help.

This is a fast paced market. If you wait until the weekend you might lose out on a chance for a home.

It is nice for seller’s right now because you are not inconvenienced for a length of time drug out for weeks with occasional showings. If it is priced right it will sell. Once you get past the home inspection after accepting a contract the next person to come through will be the appraiser.

We will guide you through the process and work with your real estate attorney on any issues that might come up with the home inspection and attorney review.

We can set you up for email alerts that will automatically email you listings of homes with your criteria as soon as they hit the market.

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

Fox Valley home prices March 26 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

Search for home today!

Fox Valley home prices February 5 2022

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

Fox Valley home prices February 5 2022

Fox valley home prices February 5 2022. The tight market continues. It is like a broken record. New listings this week 113, last week 112. Almost identical

Closed listings this week were up. 164 this week compared to 121 the previous week. They will increase as we get closer to the end of the month.

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

Aurora-New 12 $179,000-$483,600

Closed 40 $85,000-$569,500

Bolingbrook-New 11 $229,500-$635,000

Closed-14 $235,000-540,000

Naperville-New 20 $299,900-$2,200,000

Closed-22 $330,000-$1,780,000

Plainfield-New 14 $290,000-$969,000

Closed-24 $251,000-$695,000

St Charles-New 17 $175,000-$1,700,000

Closed-8 $213,000-$560,000

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

Listings this week had a median price of $375,000, last week $329,900.

Closed homes had a median price of $344,000. last week $325,000.

Conventional financing was used to close 113 homes at median price of $381,000, last week 74 homes at median price of $344,000.

Conv 020522 — Conventional financing used this week

Cash was used to close 23 homes at a median price of $281,615, last week 18 at median price of $197,750.

Cash 020522 — Cash used for the week February 5 2022

FHA financing was used to close 22 homes at median price of $306,000, last week 18 homes at median price of $250,000.

FHA 020522 — FHA financing used the week of February 5 2022

VA financing was used to close 6 homes this week at a median price of $301,500, last week 11 at a median price of $387,000.

VA 020522 — VA financing used the week of February 5 2022

The pandemic has changed what people are looking for in a home. So many are now working from home and need more space for a home office or just have learned that they need more space. This week 98 homes closed that were 2,000 square feet or more at a median price of $426,000, last week 59 homes closed at a median price of $394,990. The minimum price of 2,000 square feet or more closed this week at a price of $85,000, last week $185,300.

Things change from day to day so you have to keep a close eye everyday for the right home to hit the market and be ready.

Contracts accepted this week

Contracts accepted this week were not too far off the week before. 170 this week compared to 178 the week before. That is pretty consistent.

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

Aurora-27 Bolingbrook-14

Geneva-10 Naperville-20

Oswego-14 Plainfield-20

St Charles-13 Yorkville-10

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. 2 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.

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

The median list price of a single family home this week that a contract was accepted was $349,900 and the average days on market 40 days, lat week it was $378,587 with average days on market 44 days.

Stats Contingent 020522 — Contingent Stats February 5 2022

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 113 164 170

Check back with us every Saturday for the real estate market update. 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 compared to those 2 years.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Get yourself in the best position by contacting a loan officer and getting them all your financial documents so they can get you pre approved and put you through the underwriting process so you are ready to go. When you find the home you like, you will not have to wait and possibly lose out on a home.

Request a home valuation if you are thinking about moving and selling your home. Tell us a little bit about your home and what has been updated recently. We will let you know what it is worth in today’s market. You will also be provided a net proceeds that 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.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates ( ask your loan officer what rate they are offering. It depends on your credit score)

Down payment assistance

IHDA programs

Let us know what other information you are looking for so we can point you in the right direction.

All data used is form our MLS MRED, LLC.

Fox Valley home prices February 5 2022. Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

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 January 22 2022

Posted on January 22, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 22 2022

Fox Valley home prices January 22 2022. New listings of single family homes were up slightly. 110 this week compared to 94 the previous week.

Closed listings of single family homes this week was down. 122 this week compared to 127 the previous week.

The market is off to a slow start so far this year here in the Fox Valley area.

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

Aurora-New 18 $135,000-$1,075,000

Closed-7 $85,000-$410,000

Bolingbrook-New 8 $145,000-$329,900

Closed-11 $221,000-$439,900

Naperville-New 22 $360,000-$4,800,000

Closed-18 $315,000-$820,000

Plainfield-New 17 $299,900-$799,900

Closed-23 $235,000-$550,000

I just highlighted the communities with the most activity. You can see the rest of the communities that had activity in the picture above. You will notice that week after week these same communities are always on the list of most activity. It depends on what you are looking for in a community. One that is consistently active, or one that is more stable.

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

The median list price this week on single family homes is $369,995, last week the median price was $350,000.

Closed median price was $354,000 this week, last week $331,000 on single family homes.

Conventional financing was used to close 89 single family homes this week at a median price of $374,900, last week 90 single family homes at median price of $365,000.

Cash was used to close on 15 single family homes at a median price of $295,000 this week, last week 18 at median price of $282,500.

FHA financing was used to close 9 single family homes at a median price of $320,710 this week, last week 18 homes at median price of $258,500.

VA financing was used to close 9 single family homes at a median price of $300,500 this week, last week 1 at $432,990.

71 single family homes closed this week that were 2,000 square feet or more at a median price of $404,000, last week 70 homes at median price of $434,000.

The minimum price this week for 2,000 or more square feet closed at a price of $280,000, last week $235,000. What a difference a week makes! If you are looking for more space you might have to be patient until the right one comes on the market.

Contracts accepted this week

Contracts accepted on single family homes were down. 163 this week compared to 172 the previous week. We are having a slow trickle of homes coming on the market. This is not surprising.

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

Aurora-29 Bolingbrook-10

Naperville-28 Plainfield-18

St Charles-13

The median price that received a contract this week is $350,000. $68,000 was the minimum price on single family homes. Average market time was 49 days this week.

Contingent Stats January 22 2022 — Contract accepted Stats for January 22 2022

No short sales were accepted this week by seller’s. That does not mean that there are no short sales listed.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 4 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, 3 with 48 hours and 1 with 24 hours.

2022 by the month

Month New Closed Contracts accepted

January 310 371 445

Check back with us every Saturday for the market update. At the end of each month we will also include the numbers for 2021 and 2020 so you can see how this year is going compared to those previous 2 years.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

This might be more information than you are looking for. You might just like to see a graph, but I like to break it down a little more.

You will be the one to decide what information you want, and how often, once we start working together. Do you want a more broad area to look, or a more defined area. Will you look at any age, type of home, or do you want to only view a set criteria of homes?

It all starts with getting your financial information to a lender to get pre approved.

If you are thinking about selling your home request a home valuation. Give us some details about your home and what has been recently updated. We will show you what the market is doing with your type of home in your area. Provide a net proceeds that shows an estimate of expenses to sell that will be updated when an offer comes in and we know all the terms.

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

If you are already working with a loan officer check with them for the rate they are offering you with your credit score. They also might offer some assistance. You will need to ask.

Buying or selling a home is a big deal. You want someone that will look out for you and guide you through the process. We want to be your REALTOR®.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 22 2022. Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices January 15 2022

Posted on January 15, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 15 2022

Fox Valley home prices January 15 2022. This is the 2nd full week of 2022. The real estate market is off to a slow start with new listings. 94 this week compared to 106 the previous week.

Closed listings this week are staying consistent. 127 this week compared to 122 the previous week.

January and February are usually slower months. It is a great time to list your home now if timing is not an issue. You can get ahead of the spring market. Buyers are still out there waiting for something to come on the market.

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

Aurora-New 14 $194,500-$679,000

Closed-14 $80,000-$515,000

Naperville-New 19 $379,900-$1,499,500

Closed-20 $205,000-$1,333,000

Plainfield-New 8 $289,900-$585,658

Closed-13 $285,000-$520,000

St Charles-New 8 $179,900-$707,000

Closed-15 $150,000-$1,052,500

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

The median list price of single family homes this week was $350,000, last week $362,500.

Closed median price this week was $331,000, last week $367,500.

Conventional financing is still the most used or accepted by seller’s. 90 this week with a median price of $365,000, last week 83 at $408,000 median price.

Cash was used for 18 homes to close this week with a median price of $282,500, last week 17 at $355,000 median price.

Conventional and Cash used January 15 2022

FHA was used for 18 homes to close at a median price of $258,500 this week, last week 14 closed with $270,500 median price.

VA financing was used to close 1 home at a price of $432,990 this week, last week 6 homes closed at $344,495 median price.

FHA and VA financing used January 15 2022

Buyers looking for a single family home that is at least 2,000 or more square feet closed on 70 homes at a median price of $434,000 this week, last week they closed on 76 homes at a median price of $465,750.

The minimum price for 2,000 square feet or more closed this week at a price of $235,000, last week $240,000.

2000 Square feet or more January 15 2022

2022 by the month

Month New Closed Contracts accepted

January 200 249 282

Check back with us every Saturday. At the end of each month we will compare to 2021 and 2020 so you can see how the market is doing.

Contracts accepted this week

Contracts accepted this week on single family homes was up. 172 this week compared to 110 the previous week. Buyers are out there waiting for homes to come on the market. So many of them were in multiple offer situations on homes that were not chosen and are still looking. No need to wait to put your home on the market.

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

Aurora-29 Bolingbrook-15

Naperville-19 Plainfield-27

St Charles-10

These communities are consistently on this list every week.

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. 5 with a kick-out clause of 48 hours.

Also, sellers 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.

If you need me to explain what this means just give me a call and I will be happy to explain it to you.

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.

Do you need help with a divorce situation or an estate? If you want to know what your next steps are call us and we will explain the process. Of course you will also need to contact a real estate attorney.

Request a home valuation to see what your home is worth in today’s market. We will also give you an estimate of what your expenses might be to sell. When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home this year? Plan ahead! Contact a loan officer and get them all your financial information so they can get you pre approved. Then you will be ready to start looking.

Resources:

Types of homes and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan office to see what interest rate you qualify for with your credit score. If you need to bring your score up to get a better rate they can help you. Ask them if they offer any assistance.

All data used is from our MLS MRED, LLC.

If you would like to be set up to receive listings let us know what area you are looking for, the price range, and how many bedrooms you need. Any other things that you are looking for that you would like in your search. You have choices to get the information as it hits the market or you can choose to receive it at certain times of the day.

We want to make the home buying or selling process as good of an experience as we can. We have had years of experience and stay on top of things.

Fox Valley homes prices January 15 2022. Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices January 8 2022

Posted on January 8, 2022January 8, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022. New listings of single family homes are up. 106 this week compared to 42 the previous week. This is still lower than the first full week of 2021 with 136 new listings.

Closed listing are down. 122 this week compared to 174 the previous week. The beginning of the year, and month starts off slow, and then increases as we head into the end of the month closer to Spring market.

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

Aurora-New 18 $160,000-$675,000

Closed-18 $80,000-$901,100

Naperville-New 14 $349,900-$1,749,000

Closed-23 $317,500-$1,200,000

Plainfield-New 14 $199,000-$632,920

Closed-13 $170,000-$613,013

St Charles-New 6 $250,000-$1,550,000

Closed-13 $133,350-$871,027

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

Median list price on single family homes this week $362,500, last week $324,950.

Closed median price this week on single family homes $367,500, last week $326,000.

Conventional financing used to close on 83 homes at median price of $408,000 this week, last week 121 at $355,000 median price.

Cash used to close 17 homes at median price of $355,000 this week, last week 16 at $267,500 median price.

FHA financing was used to close on 14 homes at a median price of $270,500 this week, last week 23 at $251,500 median price.

VA financing was used to close on 6 homes with a median price of $344,495 this week, last week 13 homes at $327,000 median price.

76 single family homes were closed with 2,000 square feet or more with a median price of $465,750 this week, last week 83 homes were closed at $420,000 median price.

The minimum price for 2,000 square feet or more was $240,000 this week, last week $239,900. This gives you and idea of prices in the Fox Valley if you are thinking about looking for a larger home with more bedrooms, office or family room.

Contracts accepted this week

110 contracts were accepted this week by seller’s. The previous week 101 so it has gone up slightly.

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

Aurora-22 Bolingbrook-14

Naperville-16 Plainfield-17

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 and 1 with 48 hours.

Also, a seller accepted a contract that was contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours.

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.

Do you have questions about real estate taxes? What you should do to get your home ready for market? Do you want guidance after a loved one has passed?

We can’t give you legal advice, but we can help guide you through the process.

Request a home valuation and give us some information about your home and what has recently been updated. We will give you an idea of market value and what you expenses might be to sell. When an offer comes in we can give you a better idea when we know all the terms.

Thinking about buying a homes? Get in contact with a loan officer with all your financial information so they can get you pre approved. Then you are ready to start looking.

Check out some great resources:

Your interest rate will be determined on your credit score. Check with your loan officer to see what they are offering you and ask if there is anything you can do to bring up your score to get a better rate. Your loan officer also might be offering some assistance. You need to ask.

Look for us on Facebook at Best Homes Fox Valley. We have a “shop now” button you can click on and search anywhere in Illinois. There are drop down arrows if you are looking for attached housing or for more options.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 8 2022. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

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 January 1 2022

Posted on January 1, 2022January 1, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 1 2022

Fox Valley home prices January 1 2022. Happy New Year! We wish you a healthy, prosperous and happy year ahead. Hopefully you will keep an eye on the market with us and jump in when you are ready. Just let us know and we will be happy to help with all of your real estate needs.

The last week of the year was slow with new listings. 42 this week compared to 43 the previous week. That is 2 holiday weeks in a row. Now to take down all the decorations and get back to normal.

Closed listings for this last week of the year was slightly down. 174 this week compared to 186 the week before.

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

Aurora-New 8 $160,000-$485,000

Closed-35 $114,000-$491,000

Batavia-Closed 10 $201,000-$573,000

Bolingbrook-New 4 $319,500-$500,000

Closed-12 $180,000-$850,000

Montgomery-New 1 $239,900

Closed-13 $185,000-$390,000

Naperville-New 6 $419,000-$1,225,000

Closed-19 $340,000-$820,000

Plainfield-New 4 $270,000-$672,400

Closed-20 $203,000-$675,000

Yorkville-New 2 $199,500-$276,600

Closed-12 $265,000-$500,000

Let us know what community you are looking for and we can get you set up to receive listings as they hit the market.

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

Median list price of single family homes this week was $324,950, last week $339,000.

Closed median price this week was$326,000, last week $335,500.

Conventional financing was used to close 121 homes this week with a median price of $335,000, last week 138 at median price of $350,500.

Cash was used to close 16 homes this week with a median price of $267,500, last week 11 at median price of $291,500.

FHA financing was used to close 23 homes this week at median price of $251,500, last week 28 homes at median price of $256,500.

VA financing was used to close 13 home this week at median price of $327,000, last week 7 homes at median price of $361,000.

VA financing January 1 2022 — VA financing used

People are looking for homes with more square footage than they currently have. 83 homes closed this week that were looking for 2,000 square feet or more at a median price of $420,000, last week 99 homes at median price of $412,500. The minimum price of home closed this week of 2,000 square feet or more at a price of $239,900, last week $239,000.

2000 SF or more January 1 2022 — 2000 SF or more

Contracts accepted this week

Contracts accepted this week were down. 101 this week compared to 120 the previous week.

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

Aurora-22 Bolingbrook-12

Naperville-12 Plainfield-14

No short sales were accepted by seller’s this week. That does not mean that there are not any out there on the market. Most homes right now have appreciated enough that even if you are struggling you can payoff the loan and might even have money left over.

Seller’s accepted contracts 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 48 hours.

2021 by the month and a look back at 2020 and 2019

2021

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 349 1044 652

Totals 10572 12919 13553

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 513 971 783

Totals 12343 11869 14146

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

June 1643 1253 1218

July 1423 1008 1090

August 1585 1330 1196

September 1164 765 869

October 1041 738 776

November 897 946 839

December 496 638 497

Totals 15129 10250 11847

Inventory of homes for sale decreased all 3 years. Closed homes went up all 3 years and so did prices because of the decrease in inventory. This give you a good look at why prices are rising. There are not enough homes built to satisfy the demand. This is not just locally. It is nation wide. More homes need to be built or commercial property that is vacant needs to be modified to accommodate housing needs.

Check back with us every Saturday for the real estate market update. At the end of each month we take a look back at the previous 2 years so you can see how the market is going.

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.

Is 2022 the year you will want to make a move? Request a home valuation to see what your home is worth in today’s market. We will give you an estimate and a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms. Let us know a little bit about your home and what has been updated recently.

Thinking of buying a home this year? Plan in advance it might take a while for the right home to come on the market that meets your needs. Contact a loan officer and get them all your financial documents so they can get you pre approved. They will give you a letter showing what price will work for you and what type of financing so we can show the seller that you do qualify for their home when the time comes to make an offer. You need to be ready to go in this market.

Resources:

Check with your loan officer for the rates they are willing to give you with your current credit score. They can help you increase your score if needed.

If you need recommendations for loan officers, real estate attorneys or home inspectors we would be happy to give you a few to contact and you can decide who best to work with.

Look for us on Facebook and click on the “shop now” to search for homes anytime you like. Look for the drop down arrows to change what type of home and other options.

All data is from our MLS MRED, LLC

Fox Valley home prices January 1 2022. Happy New Year! Have an awesome week ahead.

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices December 25 2021

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

Fox Valley home prices December 25 2021

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

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

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

Aurora-New 7 $170.000-$899,000

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

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

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

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

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

Oswego-New 1 $349,000

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

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

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

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week.

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

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

Aurora-15 Naperville-19

Plainfield-21

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

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours.

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 629 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

December 307 870 551

Totals 10530 12448 13452

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

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

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

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

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

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

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

Resources:

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

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

All data used is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices December 11 2021

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

Fox Valley home prices December 11 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats December 11 2021 — Stats this week

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-21 Bolingbrook-11

Naperville-17 Plainfield-22

1 short sale was accepted this week by a seller. It was in Aurora. Most homes have appreciated enough that seller’s do not have to sell short. They must of run into trouble shortly after purchasing. Now it will be submitted to the lender to see if they will also accept.

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

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

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

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 180 454 288

Totals 10403 12329 13189

Not all contracts that get accepted close. That is why there is more accepted than closed. Some of them do not make it past the attorney review and home inspection. They go back on the market and get accepted again.

The closed column is the most important one to look at because that is actual numbers for the Fox Valley area.

Prices will keep increasing as long as the inventory remains so extremely low.

You have to be a patient buyer in this market. You have to keep looking at what comes up and be ready to go look. If you can find something that is close to your needs it might be worth going after.

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 anytime soon to find out an estimate of what you home would be worth in today’s market. Tell us about your home and anything that has recently been updated. We will provide you with a net proceeds that gives you idea of what the expenses might be. This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home? You need to get all your financial information together and get it to a loan officer so they can get you pre approved. They will give you a letter showing what type of loan and what price works out best for you. When you find a home and want to put in an offer this letter will go with the offer so the seller will know you qualify for their home.

Resources:

You need to contact the loan officer you are working with to see what interest rate they are offering you based on your credit score. They will work with you to bring up your score if that is needed.

Do you need recommendations for loan officer, real estate attorney or home inspector? We can give you a few to contact and you can decide who you want to work with.

Guiding you through the process whether buying or selling is what we do to help make the process easier to get through.

All data used is from our MLS MRED, LLC.

Fox Valley home prices December 11 2021. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101