Fox Valley home prices November 20 2021
Fox Valley home prices November 20 2021. New listings of single family homes were up. 153 this week compared to 139 the previous week. There are ups and downs throughout the year, but there is activity every week. Some months are slower, but there is always a need to sell for many different reasons. If you are still waiting for a home to come up that is right for you be patient.
Closed listings of single family homes was also up. 260 this week compared to 206 the previous week. It can be tricky trying to close before and after a holiday. The next couple of weeks some closings might be shuffled around because of scheduling issues.
Take a look at the communities with the most activity this week:
Aurora-New 23 $115,000-$498,900
Closed-41 $88,900-$530,000
Bolingbrook-New 13 $210,000-$490,000
Closed-20 $220,000-$520,000
Montgomery-New 8 $179,900-$350,000
Closed-12 $175,000-$405,000
Naperville-New 20 $349,900-$4,700,000
Closed-42 $262,500-$1,659,205
Oswego-New 6 $120,000-$795,000
Closed-16 $219,000-$510,000
Plainfield-New 21 $249,900-$564,900
Closed-30 $220,000-$715,000
St Charles-New 8 $305,000-$695,000
Closed-21 $140,000-$1,099,000
Yorkville-New 8 $240,000-$450,000
Closed-15 $215,000-$563,950
Financing used, median prices and 2,000 or more square feet
Median list price this week $359,000, last week $340,000
Closed listings had a median price of $367,944, last week $338,749.
Conventional financing was the most used this week. 185 at median price of $390,990, last week 140 at median price of $363,500.
Cash deals closed this week with 26 at median price of $377,000, last week 29 at median price of $345,000.
FHA deals closed this week with 36 at median price of $286,945, last week 31 at median price of $273,000.
VA deals closed this week with 11 at median price of $374,900, last week 5 at median price of $285,000
2,000 or more square feet closed this week with 158 at a median price of $435,000, last week 107 with a median price of $430,000. Minimum closed price this week $255,000, last week $139,000. This give you an idea of prices in the Fox Valley area if you are looking for more square footage.
Contracts accepted this week
Accepted contracts this week in the Fox Valley area of single family homes was up. 235 this week compared to 227 the previous week. New listings were way down last week so this is good news. Homes that might of been overlooked received contracts.
Look at the communities seller’s accepted the most contracts this week:
Aurora-33 Batavia-12
Bolingbrook-22 Geneva-10
Naperville-33 Plainfield-28
St Charles-15 Sycamore-11
West Chicago-10 Yorkville-13
No short sales were accepted by seller’s this week. That does not mean that they are not out there, but most homes have appreciated enough that they do not have to sell short.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours and 6 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 hour 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
September1083 1411 1251
October 715 973 930
November 475 696 740
Totals 10141 11717 12710
June was the best month for all three. Sales tend to slow down the last 2 months of the year. We are already ahead of January and February with closed homes and we have a little more than a week to go.
New listings have slowed down. Buyers are still out there waiting for more homes to come on the market. Prices have slowed some buyers down, but there are still buyers out there ready to buy even though prices have increased.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
Thinking about selling your home? Request a home valuation and give us some information about your home and what has been updated recently. Roof, siding, wiring, plumbing, furnace, Air conditioning, interior paint, remodeled kitchen or baths. Any additions or professional landscaping. Did you get permits? We will provide you with a net proceeds that shows you an estimate of expenses to sell so you will have an idea where you are at. This will be updated when an offer comes in and we know all the terms.
If you are thinking about buying a home you will need to get pre approved with a loan officer. Get all your financial information together and submit them to a loan officer so they can get you pre approved. They will give you a letter showing what type of loan and how much you qualify for. We will submit this with an offer when you find a home so you can show the seller that you do qualify for their home.
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 that you qualify for with your credit score. They also might offer some assistance so it is always good to have that conversation with them.
If you need recommendations for a loan officer, real estate attorney or home inspector we can recommend a few for you to contact and you decide who you would like to work with.
All data provided is from our MLS MRED, LLC.
Fox Valley home prices November 20 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
