Fox Valley home prices July 30th

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

Fox Valley home prices July 30th

Fox Valley home prices July 30th. I hope you had a great week! We are back to update you on the new listings, closed, contracts accepted, median prices, financing used, and 2022 by the month with a look back at 2021 and 2020.

New listings this week were down. 218 this week compared to 277 the previous week. Many are getting vacations in before school starts.

Closed listings this week are up. 271 this week compared to 241 the previous week. The end of the month is when most buyers want to close.

Aurora-New 34 $165,000-$575,000

Closed-35 $110,000-$625,000

Batavia-New 4 $305,000-$445,000

Closed-12 $167,000-$969,900

Bolingbrook-New 15 $249,900-$649,000

Closed-21 $208,000-$640,000

Geneva-New 14 $370,000-$1,795,000

Closed-15 $295,000-$1,775,000

Montgomery-New 6 $244,900-$399,000

Closed-10 $186,000-$365,000

Naperville-New 31 $385,000-$3,500,000

Closed-45 $359,900-$1,700,000

Oswego-New 13 $270,000-$620,000

Closed-13 $280,000-$600,000

Plainfield-New 35 $194,900-$625,000

Closed-35 $180,000-$1,069,527

St Charles-New 10 $300,000-$725,000

Closed-18 $230,000-$715,000

West Chicago-New 13 $185,000-$575,000

Closed-12 $275,000-$590,000

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

Median list price this week $389,900, last week $400,000

Closed median price this week $395,000, last week $405,200.

Stats 073022 — Stats for week ending July 30th

Conventional financing was used to close on 193 homes this week at a median price $416,000 with 31 days average market time, last week 175 homes at median price $430,000 with 20 days average market time.

Conv 073022 — Conventional financing used to close for week ending July 30th

Cash was used to close on 34 homes this week at median price $451,551 with 21 days average market time, last week 24 homes at median price $396,000 with 39 days average market time.

Cash 073022 — Cash used to close for week ending July 30th

FHA financing was used to close on 37 homes this week at median price $269,000 with 18 days average market time, last week 28 homes at median price $317,500 with 13 days average market time.

FHA 073022 — FHA financing was used to close for week ending July 30th

VA financing was used to close on 5 homes this week at median price $365,000 with 4 days average market time, last week 13 homes at median price $399,900 with 16 days average market time.

VA 073022 — VA financing used to close for week ending July 30th

Homes that were at least 2,000 square feet or more closed on 156 homes at median price $507,450 with 29 days average market time, last week 157 homes at median price $498,000 with 18 days average market time. Minimum price this week $285,000, last week $299,000.

2000 SF or more 073022 — Homes that were at least 2,000 SF or more for week ending July 30th

Contracts accepted this week

Contracts accepted this week were down. 226 this week compared to 245 the previous week.

Aurora-28 Bolingbrook-16

Geneva-12 Montgomery-12

Naperville-28 Oswego-11

Plainfield-32 St Charles-17

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

Median list price of homes that went under contract this week $373,450 with 31 days average market time, last week median list price $385,000 with 33 days average market time.

Contingent Stats 073022 — Contingent stats for week ending July 30th

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

July 995 932 908

Totals 6238 6116 6519

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

July 1118 1182 1210

Totals 6759 7434 8619

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

Totals 8207 5959 8566

You can see how the new listings are less every year for the last 3 years. That explains the price increases. Check back with us every Saturday for the Fox Valley area of Illinois home prices.

Resources

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

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

Getting approved for a loan before you even start looking is smart. Find a lender that will put you through underwriting to get you approved. You will be more confident in looking and will not be chewing your finger nails waiting to be approved a week before closing.

All data is downloaded this morning from our MLS. MRED, LLC. It is continuously updated throughout the day as agents enter information.

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 will guide you through the process.

Fox Valley home prices July 30th. Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices 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 March 19 2022

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

Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022. Every Saturday we take a look at what happened for the week in the real estate market in Kane & Kendall County areas of Illinois. We highlight the communities with the most activity and the price ranges, median prices, financing used, 2022 by the month and which communities seller’s accepted the most contracts. If there is other information you would like us to include, please let us know.

New listing this week on single family homes were almost exactly the same as the week before. 185 this week compared to 184 the previous week.

Closed listings this week increased. 176 this week compared to 150 the previous week. They should 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 27 $157,000-$599,000

Closed-21 $175,000-$695,000

Bolingbrook-New 13 $229,900-$875,000

Closed-13 $200,000-$660,000

Geneva-New 14 $269,900-$950,000

Closed-7 $340,000-$950,000

Naperville-New 45 $389,000-$1,349,990

Closed-30 $280,000-$2,524,000

Plainfield-New 18 $200,000-$1,250,000

Closed-17 $286,500-$532,450

St Charles-New 12 $149,900-$765,000

Closed-10 $199,900-$1,550,000

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

The median list price of a single family home this week was $389,950, last week $383,675. Median closed price was $372,250 this week, last week $383,000. Average market time this week was 10 days with 39 days to close, the week before average 14 days active with 39 days to close.

Stats 031922 — Stats for week ending March 19, 2022

Conventional financing was used to close on 119 single family homes with a median price of $395,000 with 42 days average market time, last week 111 single family homes with a median price of $390,000 with 30 days average market time.

CONV 031922 — Conventional financing used to close for week ending March 19, 2022

Cash was used to close on 24 homes this week with a median price of $385,000 and 32 days average market time, last week 16 homes with median price of $373,500 with 89 days average market time.

Cash 031922 — Cash used to close for week ending March 19, 2022

FHA financing was used to close on 24 homes this week with a median price of $287,500 with 26 days average market time, last week 20 homes with median price of $327,500 with 47 days average market time.

FHA 031922 — FHA financing used to close week ending March 19, 2022

VA financing was used to close on 9 homes with median price of $419,900 with 66 days average market time, last week 3 homes with median price of $500,000 with 30 days average market time.

VA 031922 — VA financing used to close for week ending March 19, 2022

People looking for at least 2,000 square feet or more closed on 100 homes at median price of $451,750 this week with 50 average days on market, last week 89 homes with median price of $450,000 with 38 average days on market. Minimum price this week was $175,000, last week $192,000.

2000 SF or more 031922 — 2,000 SF or more closed for week ending March 19, 2022

Contracts accepted this week

Contracts accepted by seller’s this week increased. 237 this week compared to 218 the previous week.

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

Aurora-33 Bolingbrook-11

Geneva-10 Naperville-47

Oswego-11 Plainfield-35

St Charles-16 Yorkville-10

2 short sales were accepted by seller’s this week. 1 each in Plainfield and West Chicago. Now they will be submitted to the lender to see if they will also accept.

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

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

24 days was the average market time for the homes that seller’s accepted a contract this week with a median price of $387,000, last week 27 days average market time with median price of $394,750.

Contingent Stats 031922 — Stats for contingent homes week ending March 19, 2022

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 566 733 668

Totals 1511 1745 2015

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

Contact us

Call us at 63-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

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 what it might sell for and give 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 this year get in touch with a loan officer.. Get them all your financial information so they can run you through underwriting and get you conditionally approved. You need to take this extra step if you need to get financing. As you can see above conventional financing is the one seller’s are most willing to accept at this time.

It is a great time to sell and can be frustrating to be a buyer right now. Persistent, patience and putting your best foot forward will help you.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Click on these links above for some good information. Interest rates depend on your credit score so check with your lender to see what they will offer you. They can also help you increase your credit score.

All data provided is from our MLS MRED, LLC.

You can go to my facebook page Best Homes Fox Valley to “shop now” or sign up for email alerts.

Fox Valley home prices March 19 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 February 19 2022

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

Fox Valley home prices February 19 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week

Contracts accepted this week were slightly up. 187 this week compared to 176 the previous week. Until more homes come on the market the numbers are not going to move very much.

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

Aurora-26 Bolingbrook-14

Montgomery-10 Naperville-31

Plainfield-30

No short sales were accepted this week.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 48 hours.

The median price of homes that went under contract this week was $369,900 with average market time of 42 days. Last week the median price was $379,900 with average market time of 40 days.

Stats Contracts accepted February 19 2022

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 360 392 533

Check back with us every Saturday. Next week will be the last full week of February so we will also include 2021 and 2020 so you can see how this year is going 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.

It is an awesome time to sell! Prices are up since there is so little inventory of homes. Request a home valuation and tell us a little bit about your home. What have you updated recently? We will give you a estimate of what your home would sell for in today’s market. Included will be a net proceeds that shows you an estimate of expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year? Get all your financial information together and get it to a loan officer so they can give you a letter showing what you are pre approved for. Make sure you find a loan officer that will run your information through with their underwriters so you are ready to go. Once you find a home and get it accepted all you need to wait for is updating the title and getting the appraiser out there.

We will guide you through the process every step of the way.

Resources

Types of loans and the process

VA loans and the process

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rates they are offering you. It depends on your credit score. If you need to work on it they will help you.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices February 19 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!

Market update Fox Valley week 45

Posted on November 7, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 45

Market update Fox Valley week 45. New listings of single family homes were down almost 8%. 174 this week compared to 189 the week before. Hopefully next week this will improve. Buyers are still waiting for homes to come on the market. Competition is very low right now so this is the perfect time to sell.

Closed listing of single family homes were also down just under 7%. 285 this week compared to 306 the week before. This is the first week of the month so that is to be expected. Most buyers want to close at the end of the month.

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

Aurora-New 19 $129,900-$525,000

Closed-$45 $120,000-$565,000

Bolingbrook-New 10 $169,900-$425,000

Closed-22 $31,000-$950,000

Geneva-New 8 $289,000-$695,000

Closed-11 $262,000-$625,000

Montgomery-New 7 $159,900-$399,000

Closed-14 $166,500-$345,065

Naperville-New 39 $235,000-$1,500,000

Closed-46 $236,000-$1,090,000

Oswego-New 11 $219,990-$1,799,000

Closed-12 $205,000-$435,000

Plainfield-New 21 $169,900-$549,999

Closed-35 $242,000-$645,000

St Charles/Campton Hills-

New 11 $245,000-$642,700

Closed-23 $188,000-$985,000

Yorkville-New 8 $239,000-$399,900

Closed-14 $164,900-$435,000

Contracts accepted this week

Contracts accepted this week were also down this week just under 13%. 233 this week compared to 267 the week before. Extremely low inventory and now this week going even lower does not help. Buyers are putting in offers and having to deal with multiple offer situations. Increasing prices also does not help. With such low inventory prices have been going up higher and higher. We are even having a hard time coming up with comparables for the increase in prices.

Look at the communities that sellers accepted the most contracts this week:

Aurora-38 Bolingbrook-15

Montgomery-10 Naperville-33

Oswego-15 Plainfield-23

St Charles/Campton Hills-20 Sycamore-10

2 short sales were accepted by sellers this week. 1 each in Montgomery and Waterman. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 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 and also 2 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

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 1106 1159

November 174 285 233

Totals 11437 10198 12897

July was the best month for new listings. September was the best month for closed listings. July was also the best month for contracts accepted.

Closed listings is the one to really look at. This is actual numbers. They definitely closed. New listings sometimes get relisted as new even though they are not new to the market. The same for contracts accepted. The might get accepted and don’t go through to closing and go back on the market.

July used to be a very slow month when most people were gone on vacation. This year because of the pandemic July was very busy. Some people do not realize how active the housing market has been throughout this year.

Check back with us every Saturday for a market update Fox Valley. At the end of each month I compare to the previous 2 years so you have something to compare this year to.

Contact us

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

Even with the pandemic it is a great time to sell. Buyers are out there waiting for something to come on the market to see. Request a home valuation and we will let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses to sell. This will be update when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home? You need to contact a loan officer first to see what type of loan and what price range will work out best for you. They will give you a letter showing what you qualify for and it will go with an offer when you find a home. It can’t be older than 30 days or you will need to have the loan officer update it.

Check out some great resources:

Let us know what questions you have or what kind of information you are looking for so we can direct you to it.

Market update Fox Valley week 45. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101