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

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