Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022

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

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

Closed listings this week increased.  176 this week compared to 150 the previous week.  They should increase as we get closer to the end of the month.

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

Aurora-New 27 $157,000-$599,000

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 031922
Stats for week ending March 19, 2022

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week

Fox Valley home prices March 19 2022-Contracts accepted this week

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

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

Aurora-33                      Bolingbrook-11

Geneva-10                       Naperville-47

Oswego-11                       Plainfield-35

St Charles-16                  Yorkville-10

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

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

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

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

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

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February        523         520               724

March            566         733                668

Totals       1511    1745         2015

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

Contact us

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

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

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

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

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

All data provided is from our MLS MRED, LLC.

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

Fox Valley home prices March 19 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

 

Fox Valley home prices February 19 2022

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.

Stats February 19 2022
Stats February 19 2022

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.

Conventional Financing February 19 2022
Conventional Financing February 19 2022

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.

Cash February 19 2022
Cash February 19 2022

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.

FHA Financing February 19 2022
FHA Financing February 19 2022

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.

VA financing February 19 2022
VA financing February 19 2022

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.

2000 SF or more February 19 2022
2000 SF or more February 19 2022

Contracts accepted this week

Fox Valley home prices February 19 2022-Contracts accepted this week
Fox Valley home prices February 19 2022-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
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!

Kriss New profile for FB 123121

Fox Valley home prices February 12 2022

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.

Stats for February 12 2022
Stats for February 12 2022

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
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.

Cash used February 12 2022
Cash used February 12 2022

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.

FHA financing used February 12 2022
FHA financing used February 12 2022

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.

VA financing used February 12 2022
VA financing used February 12 2022

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.

2000 SF or more February 12 2022
2000 SF or more February 12 2022

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

Fox Valley home prices February 12 2022-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.

Contingent Stats February 12 2022

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!   

Kriss New profile for FB 123121

Fox Valley home prices February 5 2022

ox 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.

Stats 020522
Stats February 5 2022

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.

Fox Valley home prices February 5 2022-Contracts accepted this week

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!

Kriss New profile for FB 123121

Fox Valley home prices January 29 2022

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

Stats January 29 2022
Stats January 29 2022

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
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

Cash used January 29 2022
Cash used January 29 2022

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.

FHA used January 29 2022
FHA used January 29 2022

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.

VA used January 29 2022
VA used January 29 2022

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!

2000 or more SF January 29 2022
2000 or more SF January 29 2022

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

Fox Valley home prices January 29 2022-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!

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Fox Valley home prices January 22 2022

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.

Stats January 22 2022
Stats January 22 2022

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.

Conventional financing January 22 2022
Conventional financing January 22 2022

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.

Cash used to close January 22 2022
Cash used to close January 22 2022

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.

FHA financing used January 22 2022
FHA financing used January 22 2022

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.

VA financing used January 22 2022
VA financing used January 22 2022

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

Fox Valley home prices January 22 2022-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!

Kriss New profile for FB 123121

Fox Valley home prices January 8 2022

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.

Stats January 8 2022
Stats January 8 2022

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

Conventional financing January 8 2022
Conventional financing January 8 2022

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

Cash January 8 2022
Cash January 8 2022

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.

FHA financing January 8 2022
FHA financing January 8 2022

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.

VA financing January 8 2022
VA financing January 8 2022

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.

2000 SF or more January 8 2022
2000 SF or more January 8 2022

Contracts accepted this week

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

Fox Valley home prices January 8 2022-Contracts accepted this week

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

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.

Stats January 1 2022
Stats January 1 2022

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.

Conventional financing January 1 2022
Conventional financing January 1 2022

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.

Cash January 1 2022
Cash January 1 2022

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.

FHA financing January 1 2022
FHA financing January 1 2022

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

Fox Valley home prices January 1, 2022-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

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.

Stats December 25 2021
Stats December 25 2021

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

Conventional Financing December 25 2021
Conventional Financing December 25 2021

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

Cash December 25 2021
Cash December 25 2021

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

FHA financing December 25 2021
FHA financing December 25 2021

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

VA financing December 25 2021
VA financing December 25 2021

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.

2000 SF or more December 25 2021
2000 SF or more December 25 2021

Contracts accepted this week.

Fox Valley home prices December 25 2021-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!

Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 11 2021

Fox Valley home prices December 22 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

Fox Valley home prices December 11 2021-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

Kristine Heiman, Designated Managing Broker