Fox Valley home prices April 16 2022

Posted on April 16, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 16 2022

Fox Valley home prices April 16 2022. New listings are down. 206 this week compared to 239 the previous week. Hopefully it will pick up after the holiday.

Closed listings were up. 190 this week compared to 159 the previous week.

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

Aurora-New 29 $160,000-$569,000

Closed-34 $120,000-$1,010,000

Bolingbrook-New 14 $249,000-$499,500

Closed-12 $158,000-$581,000

Geneva-New 3 $294,900-$599,900

Closed-13 $240,000-$675,000

Naperville-New 35 $345,000-$1,395,000

Closed-34 $331,000-$2,200,000

Oswego-New 14 $255,000-$643,300

Closed-3 $399,000-$410,000

Plainfield-New 27 $224,900-$849,900

Closed-26 $240,000-$1,000,000

St Charles-New 11 $119,900-$3,895,000

Closed-15 $142,000-$895,000

West Chicago-New 12 $225,000-$1,425,000

Closed-3 $245,000-$630,000

Other communities had activity this week. Take a look at the photo above to see the price ranges there.

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

Median list price this week $387,000, last week $399,000.

Closed median price this week $391,000, last week $395,000.

Median list price for week ending April 16

Conventional financing used to close on 144 homes at median price $402,500 24 days average market time, last week 120 homes at median price of $407,000 39 days average market time.

Conventional financing used week ending April 16

Cash used to close on 24 homes with median price $410,000 8 days average market time, last week 22 homes at median price $335,500 19 days average market time.

FHA financing was used to close on 14 homes at median price $297,500 21 days average market time, last week 12 homes at median price $300,490 43 days average market time.

FHA financing used to close week ending April 16

VA financing used to close 6 homes at median price $583,500 110 days average market time, last week 5 homes at median price $454,990 66 days average market time.

VA financing used to close week ending April 16

2,000 square feet or more closed on 116 homes at median price of $465,750 29 days average market time, last week 90 homes at median price $484,000 51 days average market time. Minimum price this week $175,000, last week $260,000. What a difference a week makes!

2,000 SF or more closed week ending April 16

Conventional financing is still the most used that gets accepted by the seller. It is still challenging to get your offer accepted no matter what you are using. Don’t give up. Keep trying. Try to write an offer with the most favorable terms that you are comfortable with.

Contracts accepted this week

Contracts accepted this week were up. 297 this week compared to 247 the previous week.

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

Aurora-53 Bolingbrook-20

Geneva-14 Naperville-60

Oswego-18 Plainfield-29

St Charles-19

1 short sale was accepted by a seller this week. It was in Aurora. Now it will be submitted to the lender to see if they will also accept. Most seller’s that are having difficulty right now can sell and still walk away with money at closing. Prices have gone up so much. You might not need to sell short.

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

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

The median price of the 297 homes that went under contract this week was $399,000 23 days average market time, last week 247 homes at median price of $390,000 27 days average market time.

Contract accepted stats for week ending April 16

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 634 551 764

Totals 2313 2467 3001

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

New listings have increased every month since January. We hope that continues.

Resources

You can click on each one of these underlined to go to the site.

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to find out the interest rate you will be offered. It depends on your credit score. If you need to work on your score your loan officer will help you with that.

Contact us

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

Request a home valuation if you are thinking about selling your home. Tell us a little bit about your home and what has been recently updated. We will let you know what it is worth in today’s market. Also, we will provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home get all your financial information together and get it to a loan officer so they can get you pre approved. Then you will be ready to start looking at homes.

Sign up for email alerts so you will see homes as they hit the market. You will want to go see it right away if you are interested.

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

Fox Valley home prices April 16 2022. Have an awesome week! Let us know how we can help you.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices April 2 2022

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

Fox Valley home prices April 2 2022

Fox Valley home prices April 2 2022. We will show you the communities that are the most active, median prices, financing used, how many contracts were accepted this week. Compare what has happened so far this year and look back at 2021 and 2020 so you can see how this year is going so far. Share resources and how to contact us with questions.

New listing of single family homes were up. 189 this week compare to 168 the previous week.

Closed listings were also up. 202 this week compared to 171 the previous week.

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

Aurora-New 20 $149,900-$499,900

Closed-29 $115,000-$750,000

Bolingbrook-New 13 $269,000-$520,000

Closed-15 $186,000-$614,900

Naperville-New 35 $300,000-$1,849,000

Closed-31 $310,000-$2,550,000

Oswego-New 18 $230,000-$799,900

Closed-12 $235,000-$751,050

Plainfield-New 23 $289,000-$619,700

Closed-23 $235,000-$949,567

St Charles-New 15 $149,999-$849,900

Closed-20 $190,000-$1,050,000

Yorkville-New 7 $319,000-$924,900

Closed-10 $169,900-$670,000

Other communities had activity this week. Click on the photo above to see.

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

Median list price this week $379,000, last week $390,000.

Closed median price this week $389,950, last week $370,000.

Stats 040222 — Stats for the week ending April 2, 2022

Conventional financing was used to close on 147 single family homes with a median price of $411,000 with 29 average market days, last week 117 homes with median price of $405,000 with 36 average market days.

Conv 040222 — Conventional financing used for week ending April 2, 2022

Cash was used to close on 27 homes with median price of $380,000 with 12 average market days, last week 18 homes with median price of $457,750 with 21 average market time.

Cash 040222 — Cash used to close for week ending April 2, 2022

FHA financing was used to close on 23 homes with median price of $313,000 and 29 average market time, last week 28 homes at median price of $269,500 with 20 days average market time.

FHA 040222 — FHA financing used for week ending April 2, 2022

VA financing was used to close on 6 homes this week with a median price of $339,000 and average market time of 76 days, last week 8 homes with median price of $498,750 and 41 days average market time.

VA 040222 — VA financing used for week ending April 2, 2022

People looking for a home that was at least 2,000 square feet or more closed on 120 homes at a median price of $459,500 with 28 days average market time, last week 93 homes with a median price of $462,500 with 34 days average market time. The minimum price this week $299,000, last week $277,000.

2000 SF or more 040222 — Homes closed 2,000 SF or more April 2, 2022

Right now the financing you use makes a difference, but it is not the only thing. Timing and other terms might be more important for a seller. Finding out is key.

Contracts accepted this week

Contracts accepted this week were consistent. 220 this week compared to 222 the previous week. That is pretty consistent. They would be higher though with more listings. We are still dealing with not enough homes for the buyers that are out there looking.

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

Aurora-26 Bolingbrook-20

Montgomery-12 Naperville-41

Oswego-14 Plainfield-28

St Charles-13 Sycamore-12

No short sales were accepted by seller’s this week. Some people that are struggling can sell and still get money at closing. Prices have increased enough that they do not have to sell short.

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

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

The median price of the 220 homes that received contracts this week was $369,950 with 20 days average market time. Last week 222 homes received a contract with median price of $394,950 with 20 days average market time. We will not know the price they agreed to until they close.

Contingent Stats 040222 — Contract accepted stats for week ending April 2, 2022

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

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 923 1106 1110

Totals 1868 2118 2457

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

Totals 2097 2352 3062

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

Totals 3558 1802 2961

New listings has decreased every year. This is why prices have increased.

More of the homes that have gone under contract that actually closed has increased every year. It has helped that loan officers are putting buyer’s through underwriting instead of just getting their information over the phone and checking their credit. We know the buyer’s are good to go and just need to make sure the appraisal works out and no issues with title.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

If you are looking for any other information just let us know and we will point you in the right direction.

You will need to contract your loan officer to see what interest rate you will be offered. It depends on your credit score. The better your credit score the better the rate you will be offered. They can help you to increase your score if you need it. Just ask them what you can do.

Contact us

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

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

If you are thinking about buying a home you need to start with a loan officer and get them all your financial information so they can run you through underwriting to get you pre approved. You will be ready to go then and once you find a home all you need to do is make sure it appraises out and get the title updated. You can sign up to get homes emailed to you as they hit the market. All you need to do is sign up for email alerts. You can also go to my facebook page and click on “shop now” to search for homes.

We will guide you through the process.

All data provided is from our MLS. MRED, LLC

Fox Valley home prices April 2 2022. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster ST

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices March 26 2022

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

Fox Valley home prices March 26 2022

Fox Valley home prices March 26 2022. Will the Spring real estate market arrive this year? Just like the weather here in the Fox Valley that is not sure if it is still Winter or Spring. Some weeks are better than others.

If you are a seller you are loving this market, but when you go to buy, you are finding it a challenge.

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

Aurora-New 19 $160,000-$899,900

Closed-28 $105,000-$600,000

Bolingbrook-New 8 $235,000-$485,000

Closed-15 $225,900-$740,000

Naperville-New 43 $259,900-$2,925,000

Closed-27 $310,000-$1,709,000

Plainfield-New 22 $275,000-$650,000

Closed-11 $287,000-$662,000

St Charles-New 13 $260,000-$2,300,000

Closed-14 $240,000-$1,225,000

Click on the photo above to see what other communities had activity this week.

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

The median home price of new listings this week was $390,000, last week $389,950.

Closed median home price this week $370,000, last week $372,250.

Stats 032622 — Stats for home prices this week

Conventional financing was used to close on 117 homes this week with a median price of $405,000 in 36 days average market time, last week 119 homes with median price of $395,000 in 42 days average market time.

Conv 032622 — Conventional financing used this week

Cash was used to close on 18 homes this week with a median price of $457,750 in 21 days average market time, last week 24 homes with median price of $385,000 with 32 days average market time.

Cash 032622 — Cash used to close on homes this week

FHA financing was used to close on 28 homes this week with median price of $269,500 in 20 days average market time, last week 24 homes with median price of $287,500 in 26 days average market time.

FHA 032622 — FHA financing used to close this week

VA financing used to close on 8 homes with median price of $498,750 in 41 days average market time, last week 9 homes with median price of $419,900 in 66 days average market time.

VA 032622 — VA financing used to close this week

People looking for a home that is 2,000 square feet or more closed on 93 homes this week with a median price of $462,500 in 34 days average market time, last week 100 homes with a median price of $451,750 in 50 days average market time. Minimum price this week was $277,000, last week $175,000.

2000 SF or more 032622 — 2,000 Square feet or more this week

Contracts accepted this week

Contracts accepted this week on single family homes was down this week. 222 this week compared to 237 the previous week.

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

Aurora-34 Bolingbrook-17

Geneva-12 Naperville-47

Plainfield-26 St Charles-15

West Chicago-10

No short sales were accepted by seller’s this week. Prices have increased so much that most people that are having difficulty can still sell and not sell short. If you are having difficulty, let us take a look at what you owe, and what your home might sell for and see what you can do.

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

There were no contingencies this week on buyer’s that still had to sell and close before purchasing.

The median price for the 222 homes that went under contract this week was $394,500 in 20 days average marker time, last week 237 homes went under contract with a median price of $387,000 in 24 days average market time.

Contingent Stats 032622 — Contract accepted stats this week

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

Totals 1679 1916 2237

Check back with us each Saturday for the real estate market update. At the end of each month we will also take a look back at 2021 an 2020 so you can see how this year is going. March ends next Thursday so we will do this next week.

Contact us

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

Are you getting your home ready to sell this year? Request a home valuation and tell us a little bit about your home and what has recently been updated. We will give you an estimate of what it is worth and a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you want to buy a home this year you need to talk to a loan officer that will not just pre qualify you but run it through underwriting so you know you are approved up to a certain price and you just need to find the home get appraisal completed and update the title. You will be up against other people wanting the same home so you need to be farther along in the process to be considered by the seller. Get all your financial information together and get it to the loan officer.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

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

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

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

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

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

Fox Valley home prices March 26 2022. Have an awesome week!

Kristine Heiman, SFR, SRS AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555

Search for home today!

Fox Valley home prices March 12 2022

Posted on March 12, 2022March 13, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices March 12 2022

Fox Valley home prices March 12 2022. Every community in the Fox Valley area of Illinois has a little different pricing. It is good to know what they are, so you can decide on the community that you will have the most success finding the home that is right for you.

New listings this week on single family homes were slightly lower. 184 this week compared to 197 the previous week.

Closed listings this week on single family homes were also lower. 150 this week compared to 174 the previous week.

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

Aurora-New 22 $135,000-$750,000

Closed-25 $135,000-$660,000

Bolingbrook-New 11 $243,000-$550,228

Closed-12 $180,000-$432,200

Naperville-New 35 $349,900-$2,249,000

Closed-19 $303,000-$1,020,000

Plainfield-New 19 $300,000-$729,900

Closed-20 $165,000-$640,000

Sandwich-New 11 $130,000-$349,900

Closed-4 $315,000-$480,000

St Charles-New 16 $325,000-$975,000

Closed-15 $225,000-$1,650,000

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

The median list price this week $383,675, last week $375,000.

Median closed price this week $383,000, last week $365,000 with 14 days average market time and 39 days to close.

Stats 031222 — Stats for the week ending March 12, 2022

Conventional financing was used to close on 111 single family homes this week with average market time 30 days, last week 123 at median price of $385,548 with average market time 41 days.

Conv 031222 — Conventional financing used for week ending March 12, 2022

Cash was used to close on 16 single family homes at median price of $373,500 with average market time of 89 days, last week 19 at median price of $326,000 with average market time of 25 days.

Cash 031222 — Cash used to close week ending March 12, 2022

FHA financing used to close on 20 single family homes at median price of $327,500 with average market time of 47 days, last week 22 homes at median price of $275,750 with average market time of 35 days.

FHA 031222 — FHA financing used to close week ending March 12, 2022

VA financing was used to close on 3 homes at median price of $500,000 with average market time of 30 days, last week 9 homes at median price of $365,000 with average market time of 55 days.

VA 031222 — VA financing used to close for week ending March 12, 2022

Homes that were 2,000 square feet or more closed on 89 with a median price of $450,000 this week with average market time 38 days, last week 95 homes at median price of $436,000 with average market time of 45 days. The minimum price this week was $192,000, last week the minimum price was $217,000.

Conventional financing is still the #1 type of financing used and accepted by seller’s right now.

Contracts accepted this week

Contracts accepted this week are staying pretty consistent. 218 this week compared to 213 the previous week.

Aurora-24 Bolingbrook-18

Geneva-12 Naperville-45

Plainfield-23 St Charles-23

Yorkville-12

No short sales were accepted by seller’s this week. That does not mean that they are not out there trying to sell.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 48 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.

The median price on homes that went under contract this week was $394,750 with average market time of 27 days.

Contingent Stats 031222 — Contracts accepted stats for week ending March 12, 2022

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 381 557 431

Totals 1326 1569 1778

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

Contact us

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

It is still a seller’s market here in the Fox Valley. Prices continue to rise because of the low inventory of homes for sale. This is a great time to be a seller. It is frustrating to be a buyer.

Request a home valuation if you are thinking about selling your home and want to know what the value is in today’s market. Give us some information about your home and what has recently been updated. We will let you know what the expenses to sell might be. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Get in touch with a loan officer and get them all your financial information and have them run you through underwriting so you are approved subject to the address, appraisal and title work if you are thinking about buying. You have to be ready to go in this market . It moves fast and if you haven’t completed this you will lose out on a home.

Set up email alerts so you receive listings as they hit the market so you don’t miss out on anything.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer for the interest rate you will be offered. It depends on your credit score. They can also help you to bring your score up.

Hover and click your mouse over anything that is underlined and in darker print for links to the information.

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

If you are looking for attached homes let us know when you contact us either by filling out the form or call us.

Fox Valley home prices March 12 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 26 2022

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

Fox Valley home prices February 26 2022

Fox Valley home prices February 26 2022. We end this last week of February with a bright sunny day and a slight increase in new listings of single family homes. 163 this week compared to 137 the previous week.

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

Aurora-New 17 $189,000-$589,000

Closed-20 $160,000-$467,000

Geneva-New 10 $275,000-$689,500

Closed-8 $335,000-$580,000

Naperville-New 41 $325,000-$1,699,000

Closed-17 $306,000-$1,650,000

Plainfield-New 16 $279,000-$850,000

Closed-19 $215,000-$492,500

St Charles-New 10 $269,900-$1,485,000

Closed-7 $247,500-$400,001

Naperville saw the most new listings this week with Aurora having the most closed. Multiple offers is still the norm for the foreseeable future.

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

Median list price this week $385,000, last week $375,500.

Closed median price this week $343,500, last week $374,355.

8 days average active this week with 42 average days closed. last week 16 days average active with 54 average days closed.

Stats 022622 — Median prices for the week ending February 26 2022

Conventional financing was used to close 90 homes this week with median price of $375,000 with average market time 40 days, last week 88 with median price of $397,262 with average market time 57 days.

Conv financing 022622 — Conventional financing used week ending February 26 2022

Cash was used to close 13 homes median price of $275,000 with 57 average market days, last week 15 homes median price $477,500 with 65 average market time.

Cash 022622 — Cash used to close for week ending February 26 2022

FHA financing was used to close on 19 homes median price $290,000 with 54 average market days, last week 11 homes median price $258,000 with 31 average market time.

FHA 022622 — FHA financing used for week ending February 26 2022

VA financing was used to close on 4 homes this week median price of $269,494 with 24 average market time, last week 7 homes median price of $330,000 with 19 days average market time.

VA 022622 — VA financing used for week ending February 26 2022

68 homes closed this week that were 2,000 square feet or more median price $420,995 with 9 days average active and 47 days average market time to close, last week 72 homes median price of $452,500 with 16 days average active and 50 days average market time to close. The minimum price this week that closed was $160,000, last week $279,900. What a difference a week makes!

2000 SF or more 022622 — 2,000 SF or more week ending February 26 2022

Contracts accepted this week

Contracts accepted this week were pretty consistent. 191 this week compared to 187 the previous week. If new listings pick up we would see this number increase. Buyers are waiting.

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

Aurora-28 Bolingbrook-16

Naperville-32 Oswego-12

Plainfield-19 St Charles-16

These are the communities that consistently see activity week after week.

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

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

The median price of homes that went under contract this week was $360,000 with a average market time of 30 days, last week median price was $369,900 with 42 days average market time.

Contingent Stats 022622 — Contracts accepted Stats for week ending February 26 2022

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

2022

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

Totals 945 1012 1347

2021

January 543 649 829

February 561 604 778

Totals 1104 1253 1607

2020

January 1105 566 858

February 1267 529 1024

Totals 2372 1095 1882

Take a look at the numbers and you can see why prices are rising the way they are. January and February are usually slower months. Last year March increased dramatically.

This is the last full week of February. Monday the 28th will be added to March. Check back with us every Saturday for the market update.

Contact us

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

This is a fantastic time to be a seller! By the time you get to closing the temperatures will be better for moving. Request a home valuation and we will give you and estimate of what your home is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell. The net proceeds will be updated when an offer comes in and we know all the terms so you can see what you will walk away with so you can make a good decision.

If you want to be a buyer you have to be patient and aggressive. You will be up against multiple offers so you need to be aggressive with pricing and patient because not everyone can win. If you need to get financing you have to get all your financial information to a loan officer and go through underwriting so all you need is to update title and order appraisal. Anything less will not get accepted. No more waiting until the weekend to look because it will be gone by then.

We will guide you through the process and let you know what needs to be done.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates*

Down payment assistance

IHDA programs

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

All data used is from our MLS MRED,LLC.

Let us know if we can set you up to receive email alerts when a home hits the market. Just let us know the area, price range and any other criteria.

Fox Valley home prices February 26 2022. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 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!

Fox Valley home prices February 12 2022

Posted on February 12, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices February 12 2022

Fox Valley home prices February 12 2022. Consistent it is, but we are waiting for it to let loose. Will that happen this year? So far, we are below last years numbers.

New listings of single family homes is 110, last week 113. That is pretty steady numbers.

Closed listing this week 107, last week 164. The number should increase as we head into the end of the month when most buyer’s want to close.

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

Aurora-New 23 $130,000-$715,000

Closed-18 $150,000-$985,000

Naperville-New 21 $290,000-$1,250,000

Closed-15 $266,000-$826,000

Plainfield-New 13 $235,000-$659,900

The photo above shows the other communities that had activity this week. You can see why it is an awesome time to be a seller. There is no real competition.

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

Median price of new listings of single family homes this week is $345,000, last week $375,000.

Closed this week median price is $341,000, last week $344,000.

Conventional financing was used to close 73 single family homes this week at a median price of $387,000, last week 113 homes at median price of $381,000.

Conventional financing used February 12 2022

Cash was used to close 15 homes this week at a median price of $284,500, last week 23 at a median price of $281,615.

FHA financing was used to close 16 homes this week at a median price of $262,500, last week 22 homes at a median price of $306,000.

VA financing was used to close 3 single family homes this week at median price of $290,000, last week 6 homes at median price of $301,500.

The type of financing you use became a big deal in 2021. There were so many multiple offer situations seller’s had a choice of which offer to accept, and of course, cash always came first. Not everyone has cash to purchase so Conventional was their next choice. It was hard for buyer’s to understand this at first. We would tell them to also get pre approved for Conventional when they would show us that they were pre approved for FHA.

58 single family homes closed that were 2,000 square feet or more this week at a median price of $422,495, last week 98 closed at median price of $426,000. The minimum price that closed this week was $152,000, last week it was $85,000.

More square feet became very important after the pandemic hit. So many people were working from home and needed a home office or just extra space in general.

Contracts accepted this week

Contracts accepted on single family homes were consistent. 176 this week compared to 170 the previous week.

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

Aurora-29 Bolingbrook-13

Naperville-24 Oswego-11

Plainfield-26 St Charles-13

2 short sales were accepted by seller’s. 1 each in Bolingbrook and Naperville. Now they will be submitted 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 48 hours. Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 hours, 48 hours and 24 hours.

The median price of single family homes that went under contract this week was $379,000 with an average market time of 40 days, last week the median price was $349,900 with an average days on market also 40 days.

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 223 271 346

Check back with us every Saturday. At the end of each month we will also show you 2021 and 2020 so you can see how this year compares.

Contact us

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

Request a home valuation if you are thinking about selling your home. We will let you know how much it is worth in today’s market. Also, we will provide you with a net proceeds that shows you an estimate of 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 call a loan officer and get pre approved. Get them all your financial documents so they can put it through underwriting so when you find a home all you will need to wait for is the appraisal and title update.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rates they will offer you. It depends on your credit score. They will help you if you need to bring up your score.

Let us know what other information you are looking for. We would be happy to get it to you or point you in the right direction.

All data provided is from our MLS MRED, LLC. This is from the data I downloaded this morning. It changes all the time in real time.

Fox Valley home prices February 12 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 5 2022

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

Fox Valley home prices February 5 2022

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

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

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

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

Closed 40 $85,000-$569,500

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

Closed-14 $235,000-540,000

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

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

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

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

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

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

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

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

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

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

Conv 020522 — Conventional financing used this week

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

Cash 020522 — Cash used for the week February 5 2022

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-27 Bolingbrook-14

Geneva-10 Naperville-20

Oswego-14 Plainfield-20

St Charles-13 Yorkville-10

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

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

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

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

Stats Contingent 020522 — Contingent Stats February 5 2022

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 113 164 170

Check back with us every Saturday for the real estate market update. At the end of each month we take a look back at 2021 and 2020 so you can see how the market is doing this year compared to those 2 years.

Contact us

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

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

Request a home valuation if you are thinking about moving and selling your home. Tell us a little bit about your home and what has been updated recently. We will let you know what it is worth in today’s market. You will also be provided a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Resources

Types of loans and the process

VA loans and the requirements

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

Down payment assistance

IHDA programs

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

All data used is form our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices January 29 2022

Posted on January 29, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 29 2022

Fox Valley home prices January 29 2022. The market continues to be very tight. It is awesome for seller’s, but trying for buyer’s.

New listings of single family homes are pretty consistent with the week before. 112 this week compared to 110 the previous week.

Closed listings this week 121, last week 122.

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

Aurora-New 15 $170,000-$500,000

Closed-15 $125,550-$394,000

Bolingbrook-New 11 $225,000-$525,000

Closed-9 $215,000-$630,000

Naperville-New 15 $280,000-$2,239,000

Closed-14 $315,000-$775,000

Plainfield-New 13 $265,000-$665,990

Closed-13 $200,000-$523,797

Click on the photo above to see the activity in the other communities.

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

The median list price this week $329,900, last week $369,995

Closed median price this week $325,000, last week $354,000

Conventional financing was used to close 74 homes with a median price of$344,000, last week 89 homes at median price of $374,900.

Conventional financing used January 29 2022

Cash was used to close 18 homes at median price of $197,750, last week 15 homes at median price of $295,000

FHA financing was used to close on 18 homes at median price of $250,000. last week 9 homes at median price of $320,710.

VA financing was used to close on 11 homes at median price of $387,000, last week 9 homes at median price of $300,500.

Homes that were at least 2,000 square feet or more closed on 59 at median price of $394,990, last week 71 homes at median price of $404,000.

Minimum price for 2,000 or more square feet this week closed at $$185,300, last week $280,000. What a difference a week makes!

This gives you an idea of pricing in the Fox Valley area, and what type of financing is mostly accepted by the seller at this time. Every seller is different, with different circumstances. It is best to find out what they are looking for to get your offer accepted.

Contracts accepted this week

Contracts accepted this week are slightly up. 178 this week compared to 163 the previous week.

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

Auroro-24 Naperville-22

Plainfield-22 St Charles-12

Winfield-10 Yorkville-15

1 short sale was accepted by a seller in Minooka this week. 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 and 1 with 48 hours.

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

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

2022

Month New Closed Contracts accepted

January 422 492 623

2021

January 543 649 829

2020

January 1105 566 858

Can you imagine if we had 1105 new listings this year? Our buyer’s would be in heaven!

Check back with us every Saturday for the real estate market update. At the end of each month we will look back at the previous 2 years so you have something to compare to.

You can see why prices are increasing the way they are with a market that is this tight with homes 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.

Request a home valuation to see what your home is worth in today’s market. You will be provided with a net proceeds that shows you the 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.

If you are thinking about buying patience is needed. Plan ahead of when you need to move. Get all your financial information together and get it to a loan officer to get pre approved. Without this step done you will lose out on a home by trying to do it when you find one. Keep updating it every 30 days to make sure it is current.

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer for the current rates they are offering with your credit score. They will help you if you need to improve it.

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

Fox Valley home prices January 29 2022. Have an amazing week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices January 22 2022

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

Fox Valley home prices January 22 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-29 Bolingbrook-10

Naperville-28 Plainfield-18

St Charles-13

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

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

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

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

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

2022 by the month

Month New Closed Contracts accepted

January 310 371 445

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

Contact us

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

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

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

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

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

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

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

All data used is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!