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
Naperville-New 14 $349,900-$1,749,000
Plainfield-New 14 $199,000-$632,920
St Charles-New 6 $250,000-$1,550,000
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.
Conventional financing used to close on 83 homes at median price of $408,000 this week, last week 121 at $355,000 median price.
Cash used to close 17 homes at median price of $355,000 this week, last week 16 at $267,500 median price.
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.
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.
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.
Contracts accepted this week
110 contracts were accepted this week by seller’s. The previous week 101 so it has gone up slightly.
Look at the communities with the most contracts accepted by seller’s this week:
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.
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:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
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