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 July 2nd

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

Fox Valley home prices July 2nd

Fox Valley home prices July 2nd. This week in addition to New listings, closed listings, contracts accepted, median prices we will also take a look back at 2021 and 2020 so you can see how this year is going. The majority of this week was in June so we will count it in with June totals.

New listings this week were down significantly. 207 this week compared to 295 the previous week.

Closed listings this week were up significantly. 344 this week compared to 224 the previous week. The end of the month is when most buyer’s want to close.

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

Aurora-New 31 $125,000-$524,000

Closed-39 $140,000-$555,000

Bolingbrook-New 21 $235,000-$589,000

Closed-34 $170,000-$780,005

Geneva-New 9 $320,000-$610,000

Closed-15 $365,000-$690,000

Montgomery-New 3 $150,000-$399,900

Closed-13 $235,000-$370,000

Naperville-New 35 $369,000-$2,850,000

Closed-71 $325,000-$1,415,000

Oswego-New 17 $230,000-$482,990

Closed-17 $345,000-592,500

Plainfield-New 26 $235,000-$749,900

Closed-45 $211,000-$702,590

St Charles-New 11 $270,000-$2,899,900

Closed-28 201,800-$2,300,000

West Chicago-New 4 $300,000-1,150,000

Closed-13 $148,000-$565,000

Yorkville-New 15 $309,000-$629,000

Closed-7 $343,490-$530,000

You might want to look at communities with less activity.

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

Median list price this week $404,900, last week $425,000

Closed median price this week $420,000, last week $408,999

Stats 070222 — Stats for week ending July 2nd

Conventional financing used to close 251 homes this week at median price $450,000 with 19 days average market time, last week 163 homes at median price $450,000 with 13 days average market time.

Conv 070222 — Conventional financing used to close for week ending July 2nd

Cash was used to close on 46 homes at median price $399,000 with 17 days average market time, last week 24 homes at median price $405,999 with 16 days average market time.

Cash 070222 — Cash used to close for week ending July 2nd

FHA financing was used to close on 37 homes at median price $327,500 with 17 days average market time, last week 27 homes at median price $306,050 with 11 days average market time.

FHA 070222 — FHA financing used to close for week ending July 2nd

VA financing was used to close 7 homes at median price $428,000 with 17 days average market time, last week 9 homes at median price $365,000 with 14 days average market time.

VA 070222 — VA financing used to close for week ending July 2nd

Homes that were at least 2,000 square feet or more closed on 222 homes this week at median price $510,000 with 19 days average market time, last week 131 homes with median price $516,000 with 13 days average market time. Minimum price this week was $125,000, last week $175,000.

2000 SF or more 070222 — Homes closed that were at least 2,000 SF or more for week ending July 2nd

Contracts accepted this week

Contracts accepted this week were down. 225 this week compared to 256 the previous week.

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

Aurora-41 Batavia-10

Bolingbrook-18 Geneva-12

Naperville-28 Oswego-15

Plainfield-23 St Charles-21

No short sales were accepted by sellers this week.

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

Median price of homes that went under contract this week $400,000 with 23 days average market time, last week $375,000 with 22 days average market time.

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

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 1295 1409 1234

Totals 5234 5184 5611

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

Totals 5641 6252 7409

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

Totals 6790 4506 6714

2020 was the best year for New listings, and 2021 was best for closings. 2022 was the lowest for new listings. Inventory has steadily decreased each year. You can see why prices have increased the way they have.

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

Resources

Everything that is bold and underlined click on so 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 if you need to work on it and bring it up.

Request a home valuation if you are thinking about selling your home. Tell us a little bit about your home and what has recently been updated. We will give you and estimate of what it will sell for in today’s market. Also, we will give you 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.

If you are thinking about buying a home this year get all your financial information to a loan officer that will put you through underwriting and get you approved for a loan before you even start looking. Then you will know that you are looking at the right priced homes. You will be able to close quicker and the seller will be more comfortable about accepting your offer knowing that you have already gone through the process. You can sign up for email alerts so you don’t miss out on any homes that come 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. It is continuously updated as agents upload their information.

Fox Valley home prices July 2nd. Have a happy and safe 4th of July!

Kristine Heiman, SFR, SRS, SRES, 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 June 25

Posted on June 25, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 25

Fox Valley home prices June 25. We will show you the new, closed, under contract prices in the Fox Valley area of Illinois. Also, the median prices, financing most used, 2022 by the month and some great resources.

New listings this week are up. 295 this week compared to 271 the previous week.

Closed listings this week are down. 224 this week compared to 270 the previous week.

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

Aurora-New 37 $173,900-$999,000

Closed-39 $175,000-$532,093

Bolingbrook-New 21 $199,900-$575,000

Closed-18 $240,000-$585,000

Geneva-New 16 $229,000-$1,299,900

Closed-11 $285,000-$775,000

Naperville-New 64 $349,900-$2,499,000

Closed-44 $285,000-$1,319,000

Oswego-New 12 $239,000-$1,235,000

Closed-9 $320,000-$650,000

Plainfield-New 38 $250,000-$1,150,000

Closed-29 $240,000-$650,000

St Charles-New 20 $220,000-$3,250,000

Closed-19 $215,000-$1,070,000

Yorkville-New 13 $300,000-$649,900

Closed-14 $88,000-$603,500

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

Median list price this week $425,000, last week $415,950.

Closed median price this week $408,999, last week $430,000

Stats 062522 — Stats for week ending June 25

Conventional financing was used to close on 163 homes at median price $450,000 with 13 days average market time, last week 213 homes at median price $465,000 with 16 days average market time.

Conv 062522 — Conventional financing used to close for week ending June 25

Cash was used to close on 24 homes this week with a median price $405,999 with 16 days average market time, last week 28 homes at a median price $362,500 with 11 days average market time.

Cash 062522 — Cash used to close for week ending June 25

FHA financing was used to close on 27 homes with a median price $306,050 with 11 days average market time, last week 29 home at median price $310,000 with 14 days average market time.

FHA 062522 — FHA financing used to close for week ending June 25

VA financing was used to close on 9 homes at median price $365,000 with 14 days average market time, last week 8 homes at median price $379,000 with 13 days average market time.

VA 062522 — VA financing used to close for week ending June 25

131 homes closed this week that were at least 2,000 square feet or more at a median price $516,000 with 13 days average market time, last week 182 homes at a median price $500,000 with 17 days average market time. The minimum price this week was $175,000, last week $225,000.

2000 SF or more 062522 — 2,000 SF or more homes closed for week ending June 25

Contracts accepted this week

Contracts accepted this week were up slightly. 256 this week compared to 245 the previous week.

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

Aurora-36 Batavia-10

Bolingbrook-21 Montgomery-13

Naperville-42 Oswego-20

Plainfield-31 St Charles-22

1 short sale was accepted by a seller this week. It was in Plano. Most homes have appreciated enough that you can sell, and not have to sell short. If you are having difficulty let us show you what your options are.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 6 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.

Median list price of homes that went under contract this week $375,000 with 22 days average market time, last week median price $379,000 with 23 days average market time.

Contingent Stats 062522 — Contingent Stats for week ending June 25

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 1088 1065 1009

Totals 5036 4840 5386

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

Resources

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

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

Request a home valuation if you are thinking about selling your home. Tell us about your home and what has recently been updated. We will do a market analysis and provide you with a net proceeds that gives 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 will need to get all your financial information to a loan officer so they can put you through underwriting and get you approved before you even start looking at homes. Then you will know that when you find a home you will get the loan if it appraises out and no issues with the title. You will feel better about spending the money on a home inspection. The seller will look at your offer closer than one that has just been pre-qualified.

You can sign-up foremail alerts so when a home hits the market with your criteria you will automatically get the listing.

Contact us

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

If you need recommendations of loan officers, real estate attorney or home inspector just let us know. We can give you a few to contact so you can decide who you want to work with.

All data provided today is from our MLS. MRED, LLC. The numbers change continuously throughout the day as agents upload more information.

Fox Valley home prices June 25. 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 June 18

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

Fox Valley home prices June 18

Fox Valley home prices June 18. You will see how many new listings, closed, contracts accepted, median prices, financing most used, 2020 by the month and some great resources you might like to check into.

New listings this week were up. 271 this week compared to 243 the previous week.

Closed listings were also up. 279 this week compared to 256 the previous week.

First, we will take a look at the communities with the most activity this week:

Aurora-New 23 $140,000-$775,000

Closed-45 $156,000-$679,000

Batavia-New 10 $265,000-$550,000

Closed-7 $290,750-$670,000

Bolingbrook-New 19 $180,000-$707,500

Closed-24 $255,000-$535,000

Geneva-New 9 $339,800-$1,399,000

Closed-10 $358,000-$1,385,000

Montgomery-New 10 $238,000-$399,900

Closed-9 $235,000-$395,000

Naperville-New 52 $276,000-$1,450,000

Closed-New 61 $290,000-$1,250,000

Oswego-New 21 $245,000-$575,000

Closed-11 $240,000-$635,000

Plainfield-New 28 $249,900-$999,000

Closed-29 $285,000-$621,000

St Charles-New 29 $142,500-$889,000

Closed-13 $304,000-$2,200,000

Yorkville-New 17 $232,900-$850,000

Closed-12 $331,500-$545,000

Many other communities had activity that you can see above in the photo.

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

Median list price this week $415,950, last week $399,000

Closed median price this week $430,000, last week $415,500.

Stats 061822 — Stats for week ending June 18

Conventional financing was used to close on 213 homes at a median price $465,000 with 16 days average market time, last week 184 homes at median price $434,000 with 19 days average market time.

Conv 061822 — Conventional financing used to close for week ending June 18

Cash was used to close on 28 homes this week with a median price $362,500 with 11 days average market time, last week 35 homes at median price $402,500 with 18 days average market time.

Cash 061822 — Cash used to close for week ending June 18

FHA financing was used to close on 29 homes at median price $310,000 with 14 days average market time, last week 25 homes at median price $320,000 with 34 days average market time.

FHA 061822 — FHA financing used to close for week ending June 18

VA financing was used to close on 8 homes this week at a median price $379,000 with 13 days average market time, last week 9 homes at median price $437,180 with 14 days average market time.

VA 061822 — VA financing used to close for week ending June 18

Buyer’s closed on 182 homes that were at least 2,000 square feet or more at median price $500,000 with 17 days average market time, last week 167 homes at median price $497,600 with 25 days average market time. Minimum price this week $225,000, last week $228,000.

2000 SF or more 061822 — Homes closed that were at least 2,000 SF or more for week ending June 18

Conventional financing is still the way the majority of buyer’s use to purchase a home. About 65% of homes sold this week in the Fox Valley area of Illinois are at least 2,000 square feet or more.

Contracts accepted this week

Contracts accepted this week are down. 245 this week compared to 290 the previous week.

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

Aurora-37 Bolingbrook-20

Naperville-39 Oswego-12

Plainfield-43 St Charles-22

West Chicago-12 Yorkville-10

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

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

The median price of homes that went under contract this week $379,000 with 23 days average market time, last week median price $379,950 with 31 days average market time.

Contingent Stats 061822 — Contingent Stats for week ending June 18

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 793 841 753

Totals 4741 4616 5130

June could turn out to be the best month so far if it keeps consistent for the rest of the month.

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 compare to this year.

Resources

Everything that is underlined click on to go to the site for the information. If there is other information that you are looking for not here, just let us know, and we will point you in the right direction.

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

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

If you are thinking about buying a home you will want 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 before you start looking so you know you will be able to get a loan for that property. You will feel better about spending the money on inspections because if the property appraises out for the purchase price and no title issues you will be closing.

Sign-up for email alerts with the area, price and how many bedrooms and you will receive listings as they hit the market.

Contact us

Call us at 630503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

If you need recommendations for loan officers, real estate attorneys or home inspectors just let us know and we will give you a few to contact so you can choose who you would like to work with.

All data provided here today is from our MLS. MRED, LLC. The numbers change continually throughout the day as agents upload their new listings, closed and under contract properties.

Fox Valley home prices June 18. 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 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 June 4

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

Fox Valley home prices June 4

Fox Valley Home Prices April 23

Fox Valley home prices June 4. I am a day late getting this posted. All the information was downloaded yesterday though. It has been busy.

New listings of single family homes were up. 279 this week compared to 243 the previous week.

Closed listings were also up. 306 this week compared to 252 the previous week.

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

Aurora-New 43 $179,900-$700,000

Closed-39 $157,500-$622,000

Batavia-New 12 $199,000-$676,108

Closed-10 $244,600-$580,000

Bolingbrook-New 16 $259,900-$495,900

Closed-15 $237,500-$759,000

Geneva-New 12 $229,000-$921,500

Closed-12 $288,000-$1,081,521

Naperville-New 54 $300,000-$1,895,000

Closed-67 $290,000-$1,600,000

Oswego-New 11 $264,000-$2,399,000

Closed-25 $245,000-$631,000

Plainfield-New 32 $220,000-$1,550,000

Closed-39 $205,000-$680,000

St Charles-New 25 $235,000-$1,000,000

Closed-19 $210,000-$751,000

West Chicago-New 11 $250,000-$1,500,000

Closed-8 $293,000-$665,000

Yorkville-New 12 $320,000-$520,000

Closed-7 $270,000-$550,000

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

Median price this week $400,000, last week $399,999.

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

Stats 060422 — Stats for week ending June 4

Conventional financing was used to close on 251 homes this week at a median price $430,000 with 12 days average market time, last week 194 homes at median price of $427,550 with 30 days average market time.

Conv 060422 — Conventional financing use to close for week ending June 4

Cash was used to close on 18 homes this week at a median price of $391,250 with 13 days average market time, last week 17 homes at a median price of $328,000 with 12 days average market time.

Cash 060422 — Cash used to close for week ending June 4

FHA financing was used to close on 19 homes this week at a median price of $310,000 with 24 days average market time, last week 17 homes at median price of $328,000 with 12 days average market time.

FHA 060422 — FHA financing used to close for week ending June 4

VA financing used to close on 15 homes at a median price of $383,000 with 51 days average market time, last week 6 homes at median price of $390,000 with 6 days average market time.

VA 060422 — VA financing used to close for week ending June 4

Buyer’s looking for homes that are at least 2,000 square feet or more closed on 193 homes at a median price of $480,000 with 16 days average market time, last week 157 homes at a median price of $500,000 with 29 days average market time. The minimum price for a home that was at least 2,000 square feet or more was $155,000, last week $255,000.

2000 SF or more 060422 — Homes that are at least 2,000 SF or more for week ending June 4

Contracts accepted this week

Contracts accepted this week were down. 218 this week compared to 275 the previous week.

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

Aurora-41 Bolingbrook-14

Naperville-42 Plainfield-28

St Charles-14 Yorkville-10

No short sales went under contract 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 2 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 and 1 that we don’t know the time frame.

The median price of homes under contract this week is $399,450 with 20 days average market time, last week the median price was $399,900 with 17 days average market time.

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 279 306 218

Totals 4227 4081 4595

More new listings than closed is a good sign that things are changing slightly. Prices are still increasing and inventory is low, but we hope June continues to increase the amount of listings of homes for sale.

Check back with us every Saturday for the real estate market update. We are late this week but try not to be. 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

Everything that is bold and underlined you can click on and it will take you to the site for the information. If there is other information you are looking for not here please let us know and we will point you in the right direction.

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

Request a home valuation if you are thinking about selling your home. Give is a little information about your home and what has been updated. Let us know the best way to get in touch with you and we will give you an estimate of what it is worth in today’s market. You will also get an estimate of expenses to sell. This will be updated when an offer comes in and we know all the details.

If you are wanting to buy a home you need to get in touch with a loan officer and get them all your financial information and have them put you through underwriting so you are approved for a loan. It is not enough to just get pre-approved right now. You will be up against multiple offers so you want to be in the best position to win.

You can sign-up for email alerts so you don’t miss out on anything coming 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.

If you need recommendations for loan officers, real estate attorney, or home inspector we can give you a few to contact and choose who you want to work with.

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

Fox Valley home prices June 4. 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 May 28

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

Fox Valley home prices May 28

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

It also marks the beginning of summer for most people.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Conv 052822 — Conventional financing used for week ending May 28

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-42 Bolingbrook-26

Geneva-12 Naperville-55

Plainfield-33 St Charles-23

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

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

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

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

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

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 1143 1106

Totals 3948 4025 4377

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

Totals 4191 4566 5738

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

Totals 5558 3598 5180

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

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

Resources

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

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

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

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

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

Contact us

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

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

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

It is constantly updated.

Fox Valley home prices May 28. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices May 21

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

Fox Valley home prices May 21

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-43 Bolingbrook-22

Geneva-10 Naperville-52

Oswego-16 Plainfield-35

St Charles-22

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

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

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

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

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 858 641 531

Totals 3705 3523 4102

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

Resources

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

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

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

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

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

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

Contact us

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

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

Fox Valley home prices May 21. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices May 14

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

Fox Valley home prices May 14

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 051422 — Stats for week ending May 14

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

Conv 051422 — Conventional financing used for week ending May 14

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-44 Bolingbrook-23

Geneva-15 Naperville-44

Oswego-10 Plainfield-35

St Charles-19

One short sale was accepted by a seller this week. It was in Bolingbrook. Now it will be submitted to the lender to see if they will also accept.

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

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

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

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

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 551 423 531

Totals 3,398 3,305 4,102

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

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

Resources

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

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

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

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

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

Contact us

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

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

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

Fox Valley home prices May 14. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices May 7

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

Fox Valley home prices May 7

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 050722 — Stats for week ending May 7

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

Conv 050722 — Conventional financing used for week ending May 7

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-39 Bolingbrook-27

Geneva-11 Naperville-49

Oswego-19 Plainfield-29

St Charles-15

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 48 hours, and 2 with 24 hours.

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

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

Contingent Stats 050722 — Contingent stats for week ending May 7

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 255 241 272

Totals 3102 3123 3843

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

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

Resources

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

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

Contact us

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

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

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

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

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

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

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

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!