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!

Fox Valley home prices January 15 2022

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

Fox Valley home prices January 15 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Conventional and Cash used January 15 2022

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

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

FHA and VA financing used January 15 2022

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

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

2000 Square feet or more January 15 2022

2022 by the month

Month New Closed Contracts accepted

January 200 249 282

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

Contracts accepted this week

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

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

Aurora-29 Bolingbrook-15

Naperville-19 Plainfield-27

St Charles-10

These communities are consistently on this list every week.

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

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

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

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

Contact us

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

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

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

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

Resources:

Types of homes and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

All data used is from our MLS MRED, LLC.

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

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

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices January 8 2022

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

Fox Valley home prices January 8 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-22 Bolingbrook-14

Naperville-16 Plainfield-17

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

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

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

Contact us

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

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

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

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

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

Check out some great resources:

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

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

All data used is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices January 1 2022

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

Fox Valley home prices January 1 2022

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

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

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

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

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

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

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

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

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

Montgomery-New 1 $239,900

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

VA financing January 1 2022 — VA financing used

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

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

Contracts accepted this week

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

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

Aurora-22 Bolingbrook-12

Naperville-12 Plainfield-14

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

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

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

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

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

December 349 1044 652

Totals 10572 12919 13553

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 513 971 783

Totals 12343 11869 14146

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

June 1643 1253 1218

July 1423 1008 1090

August 1585 1330 1196

September 1164 765 869

October 1041 738 776

November 897 946 839

December 496 638 497

Totals 15129 10250 11847

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

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

Contact us

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

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

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

Resources:

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

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

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

All data is from our MLS MRED, LLC

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices December 25 2021

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

Fox Valley home prices December 25 2021

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

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

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

Aurora-New 7 $170.000-$899,000

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

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

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

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

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

Oswego-New 1 $349,000

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

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

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

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week.

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

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

Aurora-15 Naperville-19

Plainfield-21

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

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

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

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 629 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

December 307 870 551

Totals 10530 12448 13452

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

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

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

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

Contact us

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

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

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

Resources:

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

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

All data used is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices December 18 2021

Posted on December 18, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 18 2021

Fox Valley home prices December 18 2021. New listings of single family homes are down. 84 this week compared to the previous week 78. Some improvement, but definitely not enough.

Closed listings of single family homes were up. 230 this week compared to 210 the previous week. The next 2 weeks will not be interrupted too much with the Christmas and New year holiday since they fall on Saturday.

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

Aurora-New 12 $175,000-$544,900

Closed-27 $100,000-$775,000

Batavia-New 2 $214,900-$239,900

Closed-15 $189,900-$800,000

Bolingbrook-New 8 $235,000-$419,500

Closed-19 $200,000-$480,000

Geneva-New 2 $349,900-$899,000

Closed-12 $275,000-$2,500,000

Montgomery-New 2 $215,000-$339,900

Closed-11 $170,000-$355,000

Naperville-New 11 $397,000-$1,375,000

Closed-30 $325,000-$1,200,000

Oswego-New 7 $315,000-$434,990

Closed-12 $267,000-$470,000

Plainfield-New 13 $200,000-$849,000

Closed-35 $250,000-$660,000

St Charles-New 5 $99,999-$1,179,000

Closed-16 $210,000-$1,449,900

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

Median list price this week $349,900, last week $347,000

Closed median price this week $357,500, last week $332,500.

Conventional financing closed this week 164 with a median price $380,000, last week 150 at $360,050 median price

Cash closed 30 with median price $332,500, last week 18 at median price $287,750.

FHA closed 23 with median price $279,000 this week, last week 35 at median price $287,000.

VA financing used to close 13 at median price $375,000, last week 7 at $320,000 median price.

2,000 square feet or more single family homes closed 143 at median price of $420,000 this week, last week 121 at $412,000.

Minimum price was $233,500 this week, last week $240,000. This gives you an idea of pricing in the Fox Valley if you are looking for a bigger home. You might be looking for more bedrooms, home office or family room that you do not have now.

Conventional financing is still the one seller’s are accepting right now the most. If your loan officer has pre approved you for something else you might also have them pre approve you for Conventional financing just in case so you do not lose out on a home.

Contracts accepted this week

Contracts accepted this week were consistent. 143 accepted this week compared to 141 the week before. Sales are still happening even though the new listings continue to go down. It is a great time to be a seller right now! You do not have to wait until Spring.

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

Aurora-36 Bolingbrook-12

Naperville-16 Plainfield-14

St Charles-14

These are the communities that consistently have the most activity.

No short sales were accepted by seller’s this week. Most people that are having difficulty do not have to sell short right now unless they bought their home in the last couple of years. Prices have increased enough that most people can sell and not go through that process because there is enough equity.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

December 264 684 431

Totals 10487 12559 13332

The closed column is the most important one to look at. These are actual numbers.

Some of the closings were carried over from 2020. That is why there are more closed than new listings.

Contracts accepted column can have numbers that are counted more than once. Some seller’s accept a contract and then they don’t make it past attorney review, home inspection or buyer does not obtain financing so they go back on the market and get another contract.

Check back with us every Saturday for the 2021 by the month. At the end of each month we compare to 2020 and 2019 so you can see how the year has gone and look at the pattern for when most activity occurs.

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 ahome valuation if you are thinking about selling. Tell us about your home and what updates have been completed recently. A net proceeds will be provided that shows you and estimate of expenses to sell. When an offer comes in this will be updated and we can have all the terms reflected to give you better numbers.

Thinking of buying a home? You need to get in touch with a loan officer and provide them with all your financial information. They will give you a letter showing how much you qualify for and what type of loan. When you find a home this will be sent with the offer to let the seller know you do qualify for their home.

Resources:

Contact your loan officer to see what rates they are offering you based on your credit score. They will help you if you need to bring your score up. The better the score you have the better the rate you will be offered.

If you need recommendations for loan officer, real estate attorney or home inspector we can provide a few. You can contact them and decide who you want to work with.

If you are on Facebook please look for me there. You can click on the “shop now” and search anywhere in Illinois.

All data provided from our MLS, MRED, LLC.

Fox Valley home prices December 18 2021. Have a great week. Search for a home today!

Kristine Heiman, SRS, SFR, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices December 11 2021

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

Fox Valley home prices December 11 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats December 11 2021 — Stats this week

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-21 Bolingbrook-11

Naperville-17 Plainfield-22

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

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

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

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

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

December 180 454 288

Totals 10403 12329 13189

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

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

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

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

Contact us

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

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

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

Resources:

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

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

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

All data used is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices December 4 2021

Posted on December 4, 2021December 4, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 4 2021

Fox Valley home prices December 4, 2021. New listings of single family homes are up. 102 this week compared to 82 the previous week. Still ridiculously low. It usually slows down this time of year. That does not change buyer’s hopes for finding a home though.

Closed listings of single family homes is up. 244 this week compared to 158 the previous week. Monday and Tuesday was the end of November when most buyer’s want to close. Some of these were put off to the beginning of this month because of not getting everything accomplished before the Thanksgiving holiday.

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

Aurora-New 14 $130,000-$595,000

Closed-43 $110,127-$691,000

Bolingbrook-New 9 $240,000-$550,000

Closed-15 $220,000-$505,000

Geneva-New 3 $290,000-$620,000

Closed-12 $280,000-$590,000

Naperville-New 15 $329,900-$1,050,000

Closed-39 $275,000-$1,420,000

Oswego-New 7 $299,000-$434,990

Closed-13 $250,000-$495,000

Plainfield-New 12 $194,900-$625,000

Closed-26 $252,000-$710,053

St Charles-New 6 $245,000-$608,500

Closed-25 $185,000-$1,599,625

Yorkville-New 1 $350,000

Closed-12 $235,000-$487,600

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

Median list price this week $350,000, last week $359,450.

Closed median price this week $363,942, last week $359,450.

176 single family homes closed this week using Conventional financing with a median price of $385,000, last week 110 at median price of $373,250.

23 closed this week paying cash with a median price of $298,000, last week also 23 at a median price of $315,000.

Conventional and Cash December 4 2021 — Conventional and Cash

FHA financing was used this week with 27 homes with a median price of $250,000, last week 18 homes at median price of $288,500.

VA financing was used to buy 13 single family homes with a median price of $390,000 this week, last week 6 homes with median price of $438,500.

FHA and VA December 4 2021 — Homes closed using FHA and VA financing

144 single family homes closed this week that are 2,000 square feet or more with a median price of $445,450, last week 89 with median price of $450,000. Minimum price this week was $207,000, last week $260,000. This gives you and idea of pricing here in the Fox Valley if you are looking for more square footage with either more bedrooms or space for an office.

2000 SF or more December 4 2021 — 2,000 square feet or more

Conventional is still the most used way to finance buying a home. If your loan officer qualified you for FHA financing you should ask them to also qualify you for Conventional and see where you are at. You might be able to purchase a higher price with FHA but if you are up against another offer the seller will most likely take the Conventional offer over FHA.

Contracts accepted this week

Contracts accepted this week on single family homes was down. 147 this week compared to 191 the previous week. New listings were way down last week so there was not much to choose from.

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

Aurora-23 Naperville-23

Plainfield-20 West Chicago-10

4 short sales were accepted by seller’s this week. 1 each in Bolingbrook, Plainfield, Plano and Warrenville. Now they will be submitted to the lender to see if they will also accept. Prices have increased so much that most times the seller can sell without having to sell short unless they purchased recently.

A seller has 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 have accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

December 102 244 147

Totals 10325 12119 13048

June was the best month of the year so far. I don’t think December will have that much activity. There is always reasons people need to sell so don’t give up if you are a buyer.

Even though things have slowed down it is still a great time to sell. Not much competition out there.

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.

Request a home valuation if you are thinking about selling your home. We will let you know what your home is worth in today’s market and give you 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.

Thinking about buying a home? You need to get pre approved with a loan officer. Get all your financial information together and get it to your loan officer so they can get you pre approved. Seller’s want to know that you qualify for their home before they will even consider an offer from you. The loan officer will give you a letter that shows what you qualify for and what type of loan that will go with an offer when you find the right home.

It is our job to make sure you qualify before we take you looking at homes. You do not want to fall in love with a home that you don’t qualify for. We look at many things like how much the taxes are or if the home needs work. If the taxes are too high or if there is a homeowner Association fee sometimes that can put you over what you qualify for. It depends on what type of loan you are going for if there are things the home needs to repair and the owner is not willing to make the repairs.

Resources:

Check with your loan officer for the interest rates you qualify for with your credit score. The better your credit score, the better the interest rate you will be offered. If you need to work on your credit score your loan officer will be able to give you some guidance on how to bring up.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices December 4 2021. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

]Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices November 27 2021

Posted on November 27, 2021November 28, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021. New listings of single family homes are drastically down. 82 this week compared to 153 the previous week.

Closed listings of single family homes are also down. 158 this week compared to 260 the previous week.

It was a short week with the Thanksgiving holiday. Last year with the pandemic no one could get together, and this year with vaccinations more people could get together with family and friends.

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

Aurora-New 14 $145,999-$515,000

Closed-16 $86,500-$423,600

Bolingbrook-New 6 $299,900-$450,000

Closed-18 $220,000-$520,000

Naperville-New 10 $329,000-$735,000

Closed-28 $221,000-$1,240,000

Plainfield-New 9 $199,900-$539,705

Closed-18 $255,000-$542,149

St Charles-New 4 $285,000-$879,000

Closed-11 $300,000-$2,295,000

You can click on the image above to look at activity in other communities. You might find something that fits your needs.

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

Median list price this week $359,450, last week $359,000.

Closed median price this week $359,950, last week $367,944.

Stats November 27 2021 — Stats this week

Conventional financing closed this week with 110 at median price of $373,250, last week 185 at median price of $390,990.

Cash closed this week with a median price 23 at $315,000, last week 26 at $286,945.

Conventional and Cash November 27 2021 — Conventional and Cash

FHA Closed this week 18 at median price of $288,500, last week 36 at $286,945.

VA closed this week 6 at median price $438,500, last week 11 at $374,900.

FHA and VA November 27 2021 — FHA and VA

2,000 or more square feet closed this week 89 at median price $450,000, last week 158 at $435,000. Minimum price this week $260,000, last week $255,000. This gives you an idea of pricing if you are wanting to increase square feet either more bedrooms, room for an office or extra space here in the Fox Valley.

2000 or more SF November 27 2021 — 2,000 or more Square Feet

Contracts accepted this week

Contracts accepted this week on single family homes was down. 191 this week compared to 235 the previous week. That is not too bad with this short holiday week.

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

Aurora-26 Bolingbrook-18

Montgomery-15 Naperville-29

Plainfield-20 St Charles-11

3 short sales were accepted by seller’s this week. 2 in Oswego and 1 in Minooka. Now they will get submitted to the lender to see fi 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, 4 with 48 hours and 3 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 and a look back at 2020 and 2019

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

Totals 10223 11875 12901

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

Totals 11830 10898 13363

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

June 1643 1253 1218

July 1423 1008 1090

August 1585 1330 1196

September1164 765 869

October 1041 738 776

November 897 946 839

Totals 14633 9612 11350

This year had the best sold homes with the least amount of new listings. That is the column that is most important. June was the best month over all this year.

Most years it is the Spring months that see the most new listings. The economist’s keep saying we will see more of the same next year. We will have to wait and see if the Infrastructure bill that was past has an effect on the new listings. There might be more movement where the projects are. Some states have shovel-ready projects.

You can see how the new listings decreased every year since 2019. That is the reason for the price increases. Until we see enough homes on the market to satisfy buyer demand prices will continue to rise.

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 goals.

Thinking about moving anytime soon? Request a home valuation and give us some details about your home and what has recently been updated. We will provide you with a net proceeds that shows an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying, you will need to plan ahead It might take some time to find a home. You will need to get all your financial information together and get it to a loan officer so they can pre approve you. They will provide you with a letter that shows what type of financing and how much you qualify for. This will go with an offer when we find you a home and you want to make an offer.

Resources:

Check with your loan officer for the current rates they offer with your credit score. They might also offer some assistance.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 27 2021. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101