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
Bolingbrook-New 5 $215,000-$450,000
Naperville-New 3 $325,000-$484,900
Oswego-New 1 $349,000
Plainfield-New 5 $290,000-$740,000
Yorkville-New 8 $265,000-$600,000
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:
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.
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.
- 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 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