Fox Valley home prices July 20th

Posted on July 20, 2024 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices July 20th

Fox Valley home prices July 20th. This week coming up looks to be a typical summer week with temperatures in the lower to mid 80’s.

New listings this week are down. 240 this week compared to 299 the previous week.

Closed listings are slightly down. 181 this week compared to 194 the previous week.

Aurora-New 28 $145,900-$890,000

Closed-24 $200,000-$924,900

Batavia-New 12 $229,990-$825,000

Closed-4 $442,000-$625,000

Bolingbrook-New 18 $240,000-$596,000

Closed-10 $216,200-$823,615

Elgin-New 26 $225,000-$675,000

Closed-18 $235,000-$695,000

Naperville-New 47 $390,000-$1,650,000

Closed-27 $445,000-$2,630,500

Plainfield-New 29 $325,900-$799,000

Closed-18 $305,000-$730,422

St Charles-New 10 $399,900-$1,899,000

Closed-17 $260,000-$1,212,500

We highlighted the communities with the most activity this week. Take a look at other communities and their price ranges in photo above.

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

Median list price this week $479,000, last week $470,000.

Closed median price this week $475,000, last week $467,000.

Stats 072024 — Stats for week ending July 20th

Conventional financing was used to close on 135 homes this week at median price $486,000 with 21 days average market time, last week 152 homes at median price $469,500 with 16 days average market time.

Conv 072024 — Conventional financing used to close for week ending July 20th

Cash was used to close on 23 homes this week at median price $489,900 with 41 days average market time, last week 23 homes at median price $475,000 with 28 days average market time.

Cash 072024 — Cash used to close for week ending July 20th

FHA financing was used to close on 14 homes this week at median price $360,800 with 27 days average market time, last week 10 homes at median price $318,450 with 14 days average market time.

FHA 072024 — FHA financing used to close for week ending July 20th

VA financing was used to close on 7 homes this week at median price $456,500 with 19 days average market time, last week 8 homes at median price $497,500 with 9 days average market time.

VA 072024 — VA financing used to close for week ending July 20th

2,000 SF or more closed on 116 homes this week at median price $582,000 with 28 days average market time, last week 125 homes at median price $525,000 with 21 days average market time. Minimum price this week $235,000, last week $237,000.

2000 SF or more 072024 — 2,000 SF or more closed for week ending July 20th

Cash continues to be used more than FHA financing this week. Conventional is still the number 1 way to close.

Under contract this week

Homes that went under contract this week are up. 231 this week compared to 188 the previous week.

Aurora-28 Bolingbrook-18

Elgin-22 Geneva-12

Montgomery-10 Naperville-29

Oswego-13 Plainfield-26

St Charles-13

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, 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. 1 with a kick-out clause of 72 hours, 3 with 48 hours, and 2 with 24 hours.

Median price of homes that went under contract this week $425,000 with 30 days average market time, last week $450,000 with 29 days average market time.

Under contract stats 072024 — Under contract stats for week ending July 20th

2024 by the month

Month New Closed Under contract

January 576 523 599

February 637 416 691

March 674 612 792

April 800 688 801

May 1077 1002 1075

June 1009 906 918

July 704 550 648

Totals 5477 4697 5524

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also take a look back at 2023 and 2022 so you have something to compare to.

Contact us

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

Check out some great resources. Click on everything that is bold and underlined to take you to the site for the information.

On my website you canrequest a home valuation, sign-up for email alerts, search for a home anytime.

All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.

Fox Valley home prices July 20th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices March 4th

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

Fox Valley home prices March 4th

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 030423 — Stats for week ending March 4th

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

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

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

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

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

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

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

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

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

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

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

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

Under contract this week

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

Aurora-22 Bolingbrook-11

Naperville-17 Plainfield-25

St Charles-10

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

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

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

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

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

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

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

2023

Month New Closed Under contract

January 483 326 470

February 630 526 789

Totals 1113 852 1259

2022

January 422 492 626

February 523 520 724

Totals 945 1012 1350

2021

January 543 649 829

February 561 604 778

Totals 1104 1253 1607

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

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

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

Resources

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

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

All data is provided from our MLS, MRED, LLC. It changes continuously throughout the day.

Contact us

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

Fox Valley home prices March 4th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices November 26th

Posted on November 26, 2022November 26, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 26th

Fox Valley home prices November 26th. I hope everyone enjoyed a Happy Thanksgiving with family and friends. It is a short week this week since the holiday.

We will update you on how many new listings, closed, contracts accepted, 2022 by the month, resources, and how to get in touch with us.

New listings are down. 80 this week compared to 126 the previous week.

Closed listings were also down. 112 this week compared to 176 the previous week.

Aurora-New 25 $95,000-$672,900

Closed-15 $172,500-$618,000

Bolingbrook-New 6 $299,000-$424,900

Closed-10 $240,000-$887,939

Naperville-New 5 $340,000-$1,019,000

Closed-17 $301,000-$1,400,000

Plainfield-New 13 $260,000-$740,900

Closed-18 $290,000-$650,000

Other communities had activity this week. We are just highlighting the ones with the most activity. Look at photo above for other community activity and prices.

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

Median list price this week $364,900, last week $392,449.

Closed median price this week $382,495, last week $401,500.

Stats 112622 — Stats for week ending November 26th

Conventional financing was used to close on 79 homes this week at median price $415,000 with 35 days average market time, last week 128 homes with median price $415,750 with 40 days average market time.

Conv 112622 — Conventional financing used to close for week ending November 26th

Cash was used to close on 9 homes this week with a median price $475,000 with 26 days average market time, last week 26 homes at median price $415,500 with 28 days average market time.

Cash 112622 — Cash used to close for week ending November 26th

FHA financing was used to close on 19 homes this week at median price $300,000 with 47 days average market time, last week 16 homes at median price $296,250 with 29 days average market time.

FHA 112622 — FHA financing used to close for week ending November 26th

VA financing was used to close on 5 homes this week with median price $340,000 with 34 days average market time, last week 6 homes with median price $359,949 with 27 days average market time.

VA 112622 — VA financing used to close for week ending November 26th

2,000 square feet or more closed on 69 homes at median price $460,000 with 34 days average market time, last week 108 homes at median price $484,750 with 38 days average market time. Minimum price this week closed at $267,000, last week minimum price was $280,000.

2000 SF or more 112622 — 2,000 SF or more closed for week ending November 26th

Conventional financing continues to be the choice for loans.

Contracts accepted this week

Contracts accepted this week are consistent even in a short week. 132 this week compared to 128 the previous week.

Aurora-27 Naperville-23

Plainfield-20 St Charles-10

Other communities had activity. We are just highlighting the ones with the most activity. Look at picture above for communities with activity.

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

Median price of homes that went under contract this week $375,000 with 54 days average market time, last week median price $331,450 with 40 days average market time.

Contingent Stats 112622 — Homes that went under contract for week ending November 26th

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 1295 1409 1234

July 955 932 908

August 1019 1134 1062

September 730 733 698

October 699 612 646

November 469 587 512

Totals 9155 9182 9437

All the numbers are pretty tight. No extra new listings hanging around. They are getting sold.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also look back at 2021 and 2020 so you can see how this year compares. We will do this next week. Monday and Tuesday should have a lot of closings because of the holiday this week.

Resources

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

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

IHDA programs might not be offering anything right now, but I am leaving it there just in case they start another program.

All data provided today is from our Multiple Listing Service, MRED, LLC. It changes continuously throughout the day.

You can also connect with us onfacebook and search for homes there by clicking on the “shop now” button.

Contact us

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

Fox Valley home prices November 26th. Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices August 20th

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

Fox Valley home prices August 20th

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 082022 — Stats for week ending August 20th

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

Aurora-34 Bolingbrook-26

Naperville-29 Plainfield-33

St Charles-15 Yorkville-12

No short sales were accepted by seller’s this week

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 6 with 48 hours, and 1 with 24 hours.

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

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

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 1295 1409 1234

July 955 932 908

August 643 666 651

Totals 6841 6782 7170

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

Resources

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

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

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

contact us

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

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

Fox Valley home prices August 20th. Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices July 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 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!

How many VA deals closed in week 32

Posted on August 14, 2021August 14, 2021 by Kristine Heiman, Designated Managing Broker

How many VA deals closed in week 32

How many VA deals closed in week 32? Shortly we will break it down for you what types of financing was chosen most this week. There are many veterans that live in the Fox Valley area. We do not know how many VA offers were not accepted, but we do know how many closed this week.

First we will talk about new listings for the week. New listings were down. 251 this week compared to 264 the week before. This is making a low inventory situation even worse.

Closed listings were also down. 291 this week compared to 340 the week before. This will increase as we get closer to the end of the month.

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

Aurora-New 35 $140,000-$599,900

Closed-37 $97,000-$711,711

Batavia-New 7 $235,000-$650,000

Closed-15 $185,100-$679,000

Bolingbrook-New 23 $200,000-$507,174

Closed-21 $205,000-$488,000

Geneva-New 11 $235,000-$1,295,000

Closed-19 $256,000-$1,995,000

Naperville-New 37 $299,900-$2,195,000

Closed-52 $290,000-$2,225,000

Oswego-New 8 $289,900-$544,900

Closed-11 $270,000-$522,000

Plainfield-New 41 $255,000-$899,900

Closed-37 $225,000-$790,000

St Charles-New 20 $275,000-$1,275,000

Closed-32 $253,000-$1,250,000

West Chicago-New 10 $214,000-$1,075,000

Closed-6 $253,000-$559,000

Financing, median list and closed price

Median list price this week $361,470, and last week $350,000.

Median closed price this week $375,000, and last week $365,000.

The median list and closed prices have been fluctuating up and down, but basically staying in the same range.

Conventional deals that closed this week 221, and last week 248.

Cash deals that closed this week 33, and last week 39.

How many VA deals closed in week 32-Conv and Cash 081421 — Conventional and Cash

FHA deals that closed this week 26, and last week 41.

VA deals that closed this week 9, and last week 12.

How many VA deals closed in week 32-FHA and VA 081421 — FHA and VA

Totals were down in each one. We do not know how many VA loan offers are not getting accepted, but the trend you can see is seller’s are accepting more Conventional loans then anything else. Hopefully, it is not that agents are shying away from VA loans because they think they will be hard or take longer to close. If a home is in good condition there should be no problem with getting a VA loan approved. Using a lender that is familiar with the process is very important.

Contracts accepted this week

Contracts accepted this week were up. 303 this week compared to 281 the week before.

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

Aurora-56 Batavia-10

Bolingbrook-24 Montgomery-15

Naperville-37 Oswego-13

Plainfield-41 St Charles-24

West Chicago-16 Yorkville-19

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, 6 with 48 hours, and 4 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.

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

July 1118 1182 1210

August 515 631 584

Totals 7274 8005 9203

We started out the year ahead with closed homes. Deals that were accepted in 2020 that closed in the beginning of the year. There is usually a gap between new and closed, but not this year.

It continues to be a seller’s market. We are still seeing multiple offers, but it is not as intense. We are starting to see price reductions on some of the higher priced homes.

Contact us

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

Request a home valuation

if you are thinking about selling your home. Give us some information about what has been recently updated. We will provide you with a net proceeds that shows you the expenses to sell so you can see where you are at. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home, you will want to find a loan officer that will put you through the process to get pre approved. Getting pre-qualified just is not enough anymore when you are going to be up against multiple offers. Seller’s will be confident in accepting an offer with a pre approval before they accept an offer with a buyer that has not gone through the process.

Resources:

We can make recommendations of loan officers, real estate attorneys and home inspectors that we have successfully used in the post. You can decide who you would like to work with.

How many VA deals closed in week 32. We hope more agents will get informed about VA loans so they will be more confident in accepting a VA offer. Our veterans deserve to be able to use their benefits.

Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 29

Posted on July 24, 2021July 24, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 29

2021 real estate market update week 29. Welcome back! Other places you can get the percentages up or down over all for the week. We go into a deeper dive into the numbers. You might be just keeping an eye on your community to see how it is doing or you might be looking for a home and this might persuade you to look at different communities. Let us know what information is most important to you.

New listings of single family homes was up slightly. 289 this week compared to 277 the week before. It seemed towards the end of the week more listings were coming on the market.

Closed listings of single family homes were pretty consistent. 306 this week compared to 305 the week before. Next week is the last week of the month when most buyers want to close.

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

Aurora-New 33 $115,000-$598,900

Closed-40 $130,000-$575,000

Batavia-New 10 $219,900-$449,900

Closed-13 $260,000-$650,000

Bolingbrook-New 18 $214,900-$485,000

Closed-23 $217,500-$522,000

Geneva-New 13 $260,000-$579,900

Closed-14 $297,000-$576,000

Montgomery-New 10 $130,000-$339,000

Closed-6 $185,000-$330,000

Naperville-New 60 $249,999-$2,150,000

Closed-61 $177,500-$1,725,000

North Aurora-New 10 $208,500-$480,000

Closed-4 $200,500-$410,000

Oswego-New 9 $210,000-$610,000

Closed-14 $251,000-$465,000

Plainfield-New 42 $199,900-$600,000

Closed-37 $210,000-$630,000

St Charles-New 24 $215,000-$993,000

Closed-23 $222,500-$1,800,000

West Chicago-New 14 $190,000-$825,000

Closed-16 $193,000-$582,750

Financing used, median list and closed price

Median list price of single family homes was $360,000 this week compared to $359,900 the week before.

Median closed price of single family homes was $$379,000 this week compared to $355,000 the week before.

2021 Real Estate Market Update Week 29-Stats 072421 — Stats this week

Financing choices on closed single family homes this week using Conventional this week 238 and last week 232. Cash this week 27 and last week 28.

2021 Real Estate Market Update Week 29-Conventional and cash Closed — Conventional and Cash

Financing choices on closed single family homes this week using FHA this week 36 and last week 39. VA this week 5 and last week 6.

2021 Real Estate Market Update Week 29-FHA and VA — FHA and VA

Contracts accepted this week

Contracts accepted this week by seller’s on single family homes was pretty consistent. 322 this week compared to 321 the week before. Consistency in the market is a wonderful thing. Some talk about it slowing a bit. Maybe there are not as many offers on a property as there was, but buyers are still out there looking to buy. It continues to be a seller’s market here in the Fox Valley area of Illinois.

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

Aurora-53 Batavia-13

Bolingbrook-23 Geneva-10

Montgomery-12 Naperville-50

Oswego-14 Plainfield-46

St Charles-27 Yorkville-14

No short sales were accepted by seller’s this week. That does not mean that they are not out there. Most people that need to sell, that normally would be selling short, have had enough price appreciation that they can sell and payoff the loan.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 10 with 48 hours and 4 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 3 with 48 hours.

2021 real estate market by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

July 853 817 913

Totals 6494 7009 8322

So far June is the best month across the board. Closed homes is the most important column to keep track of because this is actual numbers. Some seller’s can accept a contract but because of many reasons it can go back 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 yo reach your goal.

Is it the right time to make a move? Request a home valuation and give us a little information about your home and what updates have been completed. We will provide you with a net proceeds that shows you the expenses to sell and you decide if it is the right time. This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year? You need to contact a loan officer and give them all your financial information so they can get you pre approved. You need to take this extra step if you want to even be considered by a seller. We can set you up to receive listings as they hit the market so you don’t miss out on a thing.

Resources:

Need recommendations for a real estate attorney, loan officers or home inspectors? Just let us know and we will recommend a few for you to contact and decide who you want to work with.

All data used is from our MLS MRED, LLC

2021 real estate market update week 29. Have a wonderful week!

Kristine Heiman, SFR, SRS, AWHD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 28

Posted on July 17, 2021July 17, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 28

2021 real estate market update week 28. Welcome back! We are here to give you as much information as we can about the market here in the Fox Valley area of Illinois.

New listings of single family homes were down. 277 this week compared to 287 the week before. Any decrease, even if it is small, is not good. There just is not enough homes on the market.

Closed listings of single family homes were way up. 305 this week compared to 206 the week before. As we head into the end of the month they should increase.

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

Aurora-New 40 $142,000-$739,000

Closed-49 $165,000-$615,000

Batavia-New 7 $274,900-$524,900

Closed-10 $335,000-$960,000

Bolingbrook-New 26 $175,000-$499,900

Closed-19 $205,250-$774,900

Geneva-New 8 $249,900-$763,000

Closed-16 $195,000-$860,000

Montgomery-New 6 $165,000-$292,500

Closed-14 $167,350-$361,000

Naperville-New 47 $278,000-$1,990,000

Closed-46 $240,000-$1,400,000

North Aurora-New 2 $199,900-$339,900

Closed-10 $291,000-$462,000

Oswego-New 15 $300,000-$525,000

Closed-14 $177,000-$610,000

Plainfield-New 38 $225,000-$1,000,000

Closed-40 $250,000-$640,000

St Charles-New 20 $279,990-$1,395,000

Closed-19 $185,000-$696,000

Sycamore-New 11 $259,900-$549,900

Closed-12 $140,000-$615,000

Yorkville-New 15 $267,500-$449,000

Closed-7 $285,000-$430,000

To see the other communities click on the photo above to enlarge. You might need to look in communities around where you would like to live to find something. If you are looking by school district or a certain subdivision we can set you up to receive listings in those areas. Just let us know what you are looking for.

Median price and type of financing

Single family homes median list price this week was $359,900, and last week it was $379,900

Median closed price of single family homes this week was $355,000, and last week it was $370,000.

Financing of single family homes that closed this week:

Conventional-232

Cash-28

FHA-39

VA-6

Financing of single family homes the week before:

Conventional-153

Cash-25

FHA-26

VA-4

I decided to add this so you can see what type of financing most buyer’s are using right now to get their offer accepted.

2021 Real Estate Market Update Week 28-Conventional and Cash — Conventional and Cash

2021 Real Estate Market Update Week 28-FHA and VA — FHA and VA

Contracts accepted this week

Contracts accepted this week on single family homes were up. 321 this week compared to 270 the week before.

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

Aurora-61 Bolingbrook-23

Geneva-10 Montgomery-13

Naperville-57 Plainfield-40

St Charles-27

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 8 with 48 hours and 1 with 24 hours.

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

2021 real estate market by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

July 564 511 591

Totals 6205 6703 8000

You can see on the contracts accepted column, that contracts have been accepted more than once on a home. Sometimes because of inspection issues, appraisal issues or loan did not get approved.

Closed is the most important column. These are actual numbers. At the end of each month I will compare to 2020 and 2019 so you can get a better idea of how this year is going.

Contact us

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

Thinking about selling in this wonderful seller’s market? Request a home valuation and tell us a little bit about your home. What updates have you completed. We will provide you with 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.

Are you wanting to buy a home? You need to get pre approved with a loan officer first. Get them all your financial information. You have to be ready to go or you will lose out. You will be up against multiple offers.

Resources:

If there is still information that you are looking for just let us know, and we will point you in the direction to the information.

All data used here is from our MLS MRED LLC.

2021 real estate market update week 28. Have a great week!

Kristine Heiman, SFR, SRS, AWHD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 27

Posted on July 10, 2021July 10, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 27

2021 real estate market update week 27. We are working on the second half of the year now and hope the inventory of homes will improve.

New listings of single family homes was up. 287 this week compared to 239 the week before. Great news! We will take any improvement we can get.

Closed listings of single family homes were down. 206 this week compared to 419 the week before. That is to be expected for the beginning of the month.

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

Aurora-New 46 $194,900-$585,000

Closed-40 $155,000-$900,000

Bolingbrook-New 10 $198,000-$479,000

Closed-16 $215,000-$450,000

Elburn-New 11 $162,000-$699,000

Closed-2 $307,000-$370,000

Geneva-New 9 $252,900-$882,592

Closed-19 $261,000-$962,152

Naperville-New 63 $299,900-$2,095,000

Closed-37 $320,000-$1,209,000

Oswego-New 13 $249,900-$525,000

Closed-12 $258,000-$485,000

Plainfield-New 34 $220,000-$1,399,000

Closed-15 $250,000-$596,388

St Charles-New 29 $199,900-$1,449,000

Closed-11 $275,000-$900,000

Yorkville-New 11 $219,900-$1,100,000

Closed-7 $240,000-$565,500

Median price and financing this week

Median list price of single family homes this week was 379,900. Last week it was $369,504.

Median closed price of single family homes this week was $370,000 same as the week before.

I thought I would add financing this week so you can see what is happening. I did this a little later this morning than my first download so we have 2 more than what is listed above.

The one on the left is Conventional financing. There were 153 with $379,900 the median closed price.

The one on the right is Cash. There were 25 with $412,500 the median closed price.

The one on the left is FHA financing. There were 26 with $291,500 the median closed price.

The one on the right is VA financing. There were 4 with $417,950 the median closed price.

It is important to see the breakdown of what happening right now. I will continue to list this so you can see if things start to change.

Contracts accepted this week

Contracts accepted this week were down. 270 this week compared to 325 the week before. Last week new listings were down so that makes sense.

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

Aurora-46 Bolingbrook-21

Montgomery-13 Naperville-45

Oswego-13 Plainfield-39

St Charles-25

No short sales were accepted by seller’s this week. With the prices going up, even if they need to sell because of not working, most likely they can sell without having to go that route.

Sellers accepted contracts that are contingent on the buyer’s closing on their current home. 9 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

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

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

July 287 206 270

Totals 5928 6398 7679

Closed is the most important column to look at. We started ahead at the beginning of the year with inventory left over from the previous year. Not all of the contracts accepted will end up closing. Sometimes they come back on the market after home inspection/attorney review period of after the appraisal comes in. Prices have increased, and the appraisals don’t always match, so if they can’t come to an agreement the home goes back on the market.

It continues to be a seller’s 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.

Thinking about selling this year? Request a home valuation and let us know a little bit about your home and what you have updated. We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year you have to call a loan officer and get them all your financial information so they can get you pre approved. Pre qualify will not do in today’s market. You will probably be up against other offers when you do find a home so you want to let the seller’s know that you did this extra step.

Resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors just let us know and we will recommend a few for you to choose from.

2021 real estate market update week 27. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designate Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101