2021 Real Estate Market Update Week 21

2021 Real Estate market update week 21 Cover

2021 real estate market update week 21.  New listings of single family homes are up. 291 this week compared to 267 the week before.  We are heading in the right direction.    The need is greater though.

Closed listings of single family homes are up.  385 this week compare to 299 the week before.  It is the end of the month when you expect the numbers to be higher.

2021 Real Estate Market Update Week 21

 

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

Aurora-New 43 $130,000-$589,900

            Closed-54 $80,000-$484,000

Batavia-New 8 $274,900-$425,000

             Closed-14 $145,000-$799,000

Bolingbrook-New 18 $220,000-$525,000

                     Closed-23 $161,500-$497,000

Geneva-New 13 $229,000-$799,000

             Closed-14 $200,000-$970,000

Montgomery-New 11 $157,000-$950,000

                     Closed-8 $212,000-$330,000

Naperville-New 52 $269,000-$1,500,000

                 Closed-80 $280,000-$1,095,000

Oswego-New 10 $269,000-$450,000

              Closed-26 $245,000-$539,900

Plainfield-New 34 $219,000-$609,900

                Closed-56 $180,000-$651.500

St Charles/Campton Hills-

                New 16 $207,900-$749,999

                Closed-24 $265,000-$700,000

Sycamore-New 12 $139,900-$479,900

                 Closed-8 $165,000-$745,000

West Chicago-New 11 $239,000-$550,000

                        Closed-14 $170,000-$656,000

Yorkville-New 4 $305,000-$349,900

               Closed-10 $215,000-$724,900

Median list price of single family homes this week $355,000 last week $369,054

Median closed price of single family homes this week $355,000 last week $358,000

2021 Real Estate Market Update Week 21-Stats 052921

Contracts accepted this week

Contracts accepted on single family homes this week were up.  337 this week compared to 322 the week before.  Now to get them past home inspection, attorney review and the appraisal comes back at the right price.

2021 Real Estate Market Update Week 21-Contracts accepted this week

Look at the communities sellers accepted the most contracts this week:

Aurora-58                          Bolingbrook-18

Geneva-17                         Montgomery-12

Naperville-61                     North Aurora-12

Plainfield-43                      St Charles/Campton Hills-42

Sycamore-15                     West Chicago-11

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 12 with 48 hours and 2 with 24 hours.

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

2021 real estate market update 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          1228              1289

Totals                      4191          4506               5738

2020

January                   1105            566                 858

February                 1267            529               1024

March                     1186             707               1079

April                          648            786                 775

May                        1352          1010               1444

Totals                     5558           3598               5180

2019

January                   878             407                 568

February               1032             463                 832

March                    1731             915               1375

April                       1594             792               1307

May                       1645             995                1280

Totals                     6880           3572               5362

You can see 2021 has had the most closed with the least new listings.  Buyers are ready, but sellers are not.  This is why we are having multiple offer situations.  It is a great time for sellers to sell!  If you are waiting for the right time to sell the time is now.

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.  I think you will be surprised. We provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year you need to plan way in advance.  Get in touch with a loan officer that will take the next step and get you pre approved subject to finding the home.  You have to be ready to go in this market when you are up against so many other buyers submitting offers on the same home.  You need to look like the best offer.

Resources:

This market is very competitive for buyers.  You need to go look the day a home hits the market, and be ready to submit an offer right away.  If you blink it will be gone.

Do you need recommendations for loan officers, real estate attorneys or home inspectors?  We can recommend a few of each so you  can choose who you want to work with.

Connect with us on Facebook, Linkedin and twitter.  On Facebook you can click on the shop button to search for a home there.

All data came from our MLS MRED LLC.

2021 Real estate market update week 21.  Have a great week!

2021 market update week 21-Kristine HEiman, Designated Managing BrokerKristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

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