Fox Valley home prices November 6 2021
Fox Valley home prices November 6 2021. New listings of single family homes are up. 183 this week compared to 152 the week before. This will help but it is still extremely low.
Closed listings of single family homes are down. 230 this week compared to 292 the week before. That is still not bad for the beginning of the month. Most buyers want to close at the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 19 $95,000-$425,000
Batavia-New 10 $205,000-$429,900
Bolingbrook-New 20 $190,000-$455,535
Geneva-New 6 $439,900-$875,000
Montgomery-New 8 $239,000-$375,000
Naperville-New 25 $339,000-$1,300,000
Oswego-New 16 $255,000-$1,075,000
Plainfield-New 20 $275,000-$550,000
St Charles-New 14 $269,900-$1,695,000
Yorkville-New 8 $214,900-$479,900
You should be able to click on the picture above to enlarge it to see the rest of the communities. This gives you and idea of the prices in each community. If you want to see everything that is listed and available let us know which communities you are looking at and what price range. We can get you set up to receive listings as they come on the market.
Financing used, median prices and 2000 or more square feet
Median list price of single family homes this week $350,000, last week $339,000.
Closed median prices of single family homes this week $350,000, last week $340,000.
Conventional financing on closed single family homes this week 149 at median price of $$370,000, last week 212 with median price of $365,000.
Cash closed this week 22 with median price of $290,000, last week 34 with median price of $327,450.
FHA financing closed this week 48 with median price $305,000, last week 34 with median price $285,800.
VA financing closed this week 11 with median price $371,000, last week 10 with median price $319,500.
2,000 square feet or more closed this week 129 with median price $402,890, last week 167 with median price $416,500. Minimum closed price this week $240,000, last week $209,100. This gives you an idea of prices if you are looking for more square feet.
We are still seeing Conventional financing is the most used or accepted by the seller. More FHA are starting to get through.
Contracts accepted this week
Contracts accepted this week are up. 278 this week compared to 218 the week before.
Look at the communities seller’s accepted the most contracts:
Plainfield-42 Sugar Grove-17
1 short sale was accepted by a seller this week. It was in Bolingbrook. 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. 5 with a kick-out clause of 72 hours and 11 with 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 and 48 hours.
Median price for homes that received a contract this week $327,450 with an average market time of 36 days.
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 183 230 278
Totals 9849 11251 12248
October numbers are in between February and March numbers. April closed was the only month that was lower. The 7 months in between is where most of the activity happened.
Now that infrastructure has passed will we see more people moving for jobs?
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
If you are thinking about selling it is still a good time to sell. Buyers are still out there looking, and with inventory down you will not have as much competition. Request a home valuation and we will give you and estimate of what your home is worth in today’s market. We will provide you with a net proceeds that shows you and estimate of expenses. This will be updated when an offer comes in and we know all the terms.
Thinking about buying a home? You will need to get all your financial information together and get it to a loan officer. Just calling up and giving your information is not good enough anymore. You need to get pre approved so you can show the seller, when you do find a home, that you do qualify. The loan officer will provide you with a letter that shows what you are pre approved for. This will go with the offer.
- 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 that you qualify for. Your credit will determine the rate you are offered. If you need to improve your credit ask the loan officer what will help the most for you.
We will guide you throughout the process. If you need recommendations for loan officers, real estate attorney or home inspectors we will provide you with a few of each and you can decide who you would like to work with.
All data is from our MLS MRED, LLC.
Fox Valley home prices November 6 2021. Have a great week! Let us know if you have any questions.
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