Fox Valley home prices June 25

Fox Valley Home Prices April 23

Fox Valley home prices June 25.  We will show you the new, closed, under contract prices in the Fox Valley area of Illinois.   Also, the median prices, financing most used, 2022 by the month and some great resources.

New listings this week are up.  295 this week compared to 271 the previous week.

Closed listings this week are down.  224 this week compared to 270 the previous week.

Fox Valley home prices June 25

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

Aurora-New 37 $173,900-$999,000

            Closed-39 $175,000-$532,093

Bolingbrook-New 21 $199,900-$575,000

                    Closed-18 $240,000-$585,000

Geneva-New 16 $229,000-$1,299,900

             Closed-11 $285,000-$775,000

Naperville-New 64 $349,900-$2,499,000

                 Closed-44 $285,000-$1,319,000

Oswego-New 12 $239,000-$1,235,000

             Closed-9 $320,000-$650,000

Plainfield-New 38 $250,000-$1,150,000

                Closed-29 $240,000-$650,000

St Charles-New 20 $220,000-$3,250,000

                  Closed-19 $215,000-$1,070,000

Yorkville-New 13 $300,000-$649,900

               Closed-14 $88,000-$603,500

Financing most used, median prices and 2,000 SF or more

Median list price this week $425,000, last week $415,950.

Closed median price this week $408,999, last week $430,000

Stats 062522
Stats for week ending June 25

Conventional financing was used to close on 163 homes at median price $450,000 with 13 days average market time, last week 213 homes at median price $465,000 with 16 days average market time.

Conv 062522
Conventional financing used to close for week ending June 25

Cash was used to close on 24 homes this week with a median price $405,999 with 16 days average market time, last week 28 homes at a median price $362,500 with 11 days average market time.

Cash 062522
Cash used to close for week ending June 25

FHA financing was used to close on 27 homes with a median price $306,050 with 11 days average market time, last week 29 home at median price $310,000 with 14 days average market time.

FHA 062522
FHA financing used to close for week ending June 25

VA financing was used to close on 9 homes at median price $365,000 with 14 days average market time, last week 8 homes at median price $379,000 with 13 days average market time.

VA 062522
VA financing used to close for week ending June 25

131 homes closed this week that were at least 2,000 square feet or more at a median price $516,000 with 13 days average market time, last week 182 homes at a median price $500,000 with 17 days average market time.  The minimum price this week was $175,000, last week $225,000.

2000 SF or more 062522
2,000 SF or more homes closed for week ending June 25

Contracts accepted this week

Contracts accepted this week were up slightly.  256 this week compared to 245 the previous week.

Fox Valley home prices June 25-Contracts accepted this week

Look at the communities seller’s accepted the most contracts:

Aurora-36                           Batavia-10

Bolingbrook-21                    Montgomery-13

Naperville-42                      Oswego-20

Plainfield-31                        St Charles-22

1 short sale was accepted by a seller this week.  It was in Plano.  Most homes have appreciated enough that you can sell, and not have to sell short.  If you are having difficulty let us show you what your options are.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  6 with a kick-out clause of 72 hours, 3 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.  2 with a kick-out clause of 48 hours.

Median list price of homes that went under contract this week $375,000 with 22 days average market time, last week median price $379,000 with 23 days average market time.

Contingent Stats 062522
Contingent Stats for week ending June 25

2022 by the month

Month                   New   Closed   Contracts accepted

January                           422        492               623

February                         523        520               724

March                             734        904               890

April                              1168        966              1334

May                                1101        893               806

June                              1088      1065              1009

Totals                  5036    4840        5386

Check back with us every Saturday for the Fox Valley area of Illinois real estate market update.  At the end of each month we also take a look back at 2021 and 2020 so you can see how this year is going.  We will do that next week.

Resources

Click on anything that is bold and underlined to take you to the site for the information.  If there is any other information that you are looking for please let us know.

Check with your loan officer to see the rate you will be offered.  It depends on your credit score.  If you need to work on your score they can help you.

Request a home valuation if you are thinking about selling your home.  Tell us about your home and what has recently been updated.  We will do a market analysis  and provide you with a net proceeds that gives you an estimate of 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 you will need to get all your financial information to a loan officer so they can put you through underwriting and get you approved before you even start looking at homes.  Then you will know that when you find a home you will get the loan if it appraises out and no issues with the title.  You will feel better about spending the money on a home inspection.  The seller will look at your offer closer than one that has just been pre-qualified.

You can sign-up foremail alerts so when a home hits the market with your criteria you will automatically get the listing.

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 need recommendations of loan officers, real estate attorney or home inspector just let us know.  We can give you a few to contact so you can decide who you want to work with.

All data provided today is from our MLS.  MRED, LLC.  The numbers change continuously throughout the day as agents upload more information.

Fox Valley home prices June 25.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices June 18

Fox Valley Home Prices April 23

Fox Valley home prices June 18.  You will see how many new listings, closed, contracts accepted, median prices, financing most used, 2020 by the month and some great resources you might like to check into.

New listings this week were up.  271 this week compared to 243 the previous week.

Closed listings were also up.  279 this week compared to 256 the previous week.

Fox Valley home prices June 18

First, we will take a look at the communities with the most activity this week:

Aurora-New 23 $140,000-$775,000

             Closed-45 $156,000-$679,000

Batavia-New 10 $265,000-$550,000

              Closed-7 $290,750-$670,000

Bolingbrook-New 19 $180,000-$707,500

                     Closed-24 $255,000-$535,000

Geneva-New 9 $339,800-$1,399,000

              Closed-10 $358,000-$1,385,000

Montgomery-New 10 $238,000-$399,900

                       Closed-9 $235,000-$395,000

Naperville-New 52 $276,000-$1,450,000

                   Closed-New 61 $290,000-$1,250,000

Oswego-New 21 $245,000-$575,000

               Closed-11 $240,000-$635,000

Plainfield-New 28 $249,900-$999,000

                 Closed-29 $285,000-$621,000

St Charles-New 29 $142,500-$889,000

                  Closed-13 $304,000-$2,200,000

Yorkville-New 17 $232,900-$850,000

                Closed-12 $331,500-$545,000

Many other communities had activity that you can see above in the photo.

Financing most used, median prices and 2,000 SF or more

Median list price this week $415,950, last week $399,000

Closed median price this week $430,000, last week $415,500.

Stats 061822
Stats for week ending June 18

Conventional financing was used to close on 213 homes at a median price $465,000 with 16 days average market time, last week 184 homes at median price $434,000 with 19 days average market time.

Conv 061822
Conventional financing used to close for week ending June 18

Cash was used to close on 28 homes this week with a median price $362,500 with 11 days average market time, last week 35 homes at median price $402,500 with 18 days average market time.

Cash 061822
Cash used to close for week ending June 18

FHA financing was used to close on 29 homes at median price $310,000 with 14 days average market time, last week 25 homes at median price $320,000 with 34 days average market time.

FHA 061822
FHA financing used to close for week ending June 18

VA financing was used to close on 8 homes this week at a median price $379,000 with 13 days average market time, last week 9 homes at median price $437,180 with 14 days average market time.

VA 061822
VA financing used to close for week ending June 18

Buyer’s closed on 182 homes that were at least 2,000 square feet or more at median price $500,000 with 17 days average market time, last week 167 homes at median price $497,600 with 25 days average market time.  Minimum price this week $225,000, last week $228,000.

2000 SF or more 061822
Homes closed that were at least 2,000 SF or more for week ending June 18

Conventional financing is still the way the majority of buyer’s use to purchase a home.  About 65% of homes sold this week in the Fox Valley area of Illinois are at least 2,000 square feet or more.

Contracts accepted this week

Contracts accepted this week are down.  245 this week compared to 290 the previous week.

Fox Valley home prices June 18-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:

Aurora-37                            Bolingbrook-20

Naperville-39                      Oswego-12

Plainfield-43                       St Charles-22

West Chicago-12                 Yorkville-10

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. 4 with a kick-out clause of 72 hours and also 4 with 48 hours.

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

The median price of homes that went under contract this week $379,000 with 23 days average market time, last week median price $379,950 with 31 days average market time.

Contingent Stats 061822
Contingent Stats for week ending June 18

2022 by the month

Month                              New   Closed   Contracts accepted

January                            422        492            623

February                          523        520            724

March                               734       904            890

April                                1168       966           1334

May                                 1101       893            806

June                                  793       841             753

Totals                              4741     4616           5130

June could turn out to be the best month so far if it keeps consistent for the rest of the month.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.  At the end of each month we will take a look back at 2021 and 2020 so you can compare to this year.

Resources

Everything that is underlined click on to go to the site for the information.  If there is other information that you are looking for not here, just let us know, and we will point you in the right direction.

Check with your loan officer to see what interest rates you will be offered.  It depends on your credit score.  If you need to work on your score they can help you with that.

Request a home valuation  if you are thinking about selling your home.  Tell us a little bit about your home and what has recently been updated.  We will give you an estimate of what it will sell for, and a net proceeds, that shows you an estimate of expenses to sell.  When an offer comes in we will update the net proceeds so you can make a good decision.

If you are thinking about buying a home you will want to get in touch with a loan officer and get them all your financial information so they can put you through underwriting and get approved before you start looking so you know you will be able to get a loan for that property.  You will feel better about spending the money on inspections because if the property appraises out for the purchase price and no title issues you will be closing.

Sign-up for email alerts with the area, price and how many bedrooms and you will receive listings as they hit the market.

Contact us

Call us at 630503-6555 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 need recommendations for loan officers, real estate attorneys or home inspectors just let us know and we will give you a few to contact so you can choose who you would like to work with.

All data provided here today is from our MLS.  MRED, LLC.  The numbers change continually throughout the day as agents upload their new listings, closed and under contract properties.

Fox Valley home prices June 18.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices June 11

Fox Valley Home Prices April 23

Fox Valley home prices June 11.  This is the first full week of June.  We will go over new listings, closed and contracts accepted.  What communities had the most activity, median prices and  financing used.  We will also take a look at 2022 by the month.

New listings this week were down.  243 this week compared to 279 the previous week.

Closed listings were also down.  256 this week compared to 306 the previous week.

Fox Valley home prices June 11

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

Aurora-New 32 $139,900-$1,230,000

            Closed-26 $150,000-$906,000

Batavia-New 11 $255,000-$709,900

             Closed-10 $290,750-$495,000

Bolingbrook-New 23 $120,000-$950,000

                    Closed-26 $230,000-$540,000

Geneva-New 9 $234,900-$899,000

             Closed-15 $235,000-$999,486

Naperville-New 44 $329,500-$3,750,000

                  Closed-46 $300,000-$1,350,000

Oswego-New 14 $295,000-$520,000

              Closed-12 $240,000-$585,000

Plainfield-New 34 $239,900-$1,045,000

                Closed-25 $285,000-$625,000

St Charles-New 15 $275,000-$825,000

                   Closed-16 $315,000-$950,000

Yorkville-New 13 $179,500-$689,900

               Closed-11 $194,500-$810,000

Financing most used, median prices and 2,000 SF or more

Median list price this week $399,000, last week $400,000

Closed median price this week $415,500, last week $410,000

Stats 061122
Stats for week ending June 11

Conventional financing was used for 184 homes with median price of $434,000 with 19 days average market time, last week 251 homes at median price $430,000 with 12 days average market time.

Conv 061122
Conventional financing used for week ending June 11

Cash was used to close on 35 homes with  median price $402,500 with 18 days average market time, last week 18 homes at median price $391,250 with 13 days average market time.

Cash 061122
Cash used to close for week ending June 11

FHA financing was used to close on 25 homes this week with a median price $320,000 with 34 days average market time, last week 19 homes with a median price $310,000 with 24 days average market time.

FHA 061122
FHA financing used to close for week ending June 11

VA financing was used to close on 9 homes this week with a median price $437,180 with 14 days average market time, last week 15 homes with median price $383,000 with 51 days average market time.

VA 061122
VA financing used to close for week ending June 11

Homes that are at least 2,000 square feet or more closed on 167 with a median price $497,600 with 25 days average market time, last week 193 homes with median price $480,000 with 16 days average market time.  Minimum price this week $228,000, last week $155,000.  What a difference a week makes.

2000 SF or more 061122
Homes that were at least 2,000 SF or more closed for week ending June 11

Contracts accepted this week

Contracts accepted this week were up.  290 this week compared to 218 the previous week.

Fox Valley home prices June 11-Contracts accepted this week

Look at the communities seller’s accepted the most contracts:

Aurora-42                           Batavia-12

Bolingbrook-22                    Geneva-14

Montgomery-16                   Naperville-49

Oswego-12                          Plainfield-35

St Charles-17                     Yorkville-11

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.  3 with a kick-out clause of 72 hours, 7 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. 1 with a kick-out clause of 72 hours and 3 with 48 hours.  

1  that we do not have information about how long the buyers have to waive contingences or drop out.

Median price under contract this week $379,950 with 31 days average market time, last week median price $399,450 with 20 days average market time.

contingent stats 061122
Contingent stats for week ending June 11

2022 by the month

Month          New   Closed   Contracts accepted

January             422         492              623

February           523         520              724

March               734         904              890

April                1168         966             1334 

May                  1101         893              806

June                 522         562              508

Totals        4470     4337        4885

It is still a tight market, but loosening up slightly.  Prices are still rising.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.  At the end of each month we take a look back at 2021 and 2020 so you can see how the market is doing this year.

Resources

Click on everything that is darkened and underlined.  It will take you to the site for the information. If there is any other information that you are looking for let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate they will be offering you.  It depends on your credit score.  They can help you bring up your score.  Just ask.

We can also recommend real estate attorney, home inspector and loan officers.

Request a home valuation and we will let you know what your home is worth in today’s market.  Give us some information about your home and what has been recently updated.

If you are thinking about buying a home you need to get in touch with a loan officer and get them all your financial information so they can put you through underwriting and get approved for a loan so when you start looking you know that you will be able to go through with it and it also lets the seller know that you already did the work.  It puts you in a better position to win.

Sign-up for email alerts so you do not miss out on a property that comes on the market.

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.

All data provided today is from our MLS.  MRED, LLC.  The data is constantly changing as agents upload the information throughout the day.

Fox Valley home prices June 11.  Have an awesome 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 a home today!

Fox Valley home prices June 4

Fox Valley Home Prices April 23

Fox Valley home prices June 4.  I am a day late getting this posted.  All the information was downloaded yesterday though.  It has been busy.

New listings of single family homes were up.  279 this week compared to 243 the previous week.

Closed listings were also up.  306 this week compared to 252 the previous week.

Fox Valley home price June 4

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

Aurora-New 43 $179,900-$700,000

             Closed-39 $157,500-$622,000

Batavia-New 12 $199,000-$676,108

              Closed-10 $244,600-$580,000

Bolingbrook-New 16 $259,900-$495,900

                      Closed-15 $237,500-$759,000

Geneva-New 12 $229,000-$921,500

              Closed-12 $288,000-$1,081,521

Naperville-New 54 $300,000-$1,895,000

                  Closed-67 $290,000-$1,600,000

Oswego-New 11 $264,000-$2,399,000

               Closed-25 $245,000-$631,000

Plainfield-New 32 $220,000-$1,550,000

                 Closed-39 $205,000-$680,000

St Charles-New 25 $235,000-$1,000,000

                  Closed-19 $210,000-$751,000

West Chicago-New 11 $250,000-$1,500,000

                        Closed-8 $293,000-$665,000

Yorkville-New 12 $320,000-$520,000

                Closed-7 $270,000-$550,000

Financing most used, median prices, and 2,000 SF or more

Median price this week $400,000, last week $399,999.

Closed median price this week $410,000, last week  also $410,000

Stats 060422
Stats for week ending June 4

Conventional financing was used to close on 251 homes this week at a median price $430,000 with 12 days average market time, last week 194 homes at median price of $427,550 with 30 days average market time.

Conv 060422
Conventional financing use to close for week ending June 4

Cash was used to close on 18 homes this week at a median price of $391,250 with 13 days average market time, last week 17 homes at a median price of $328,000 with 12 days average market time.

Cash 060422
Cash used to close for week ending June 4

FHA financing was used to close on 19  homes this week at a median price of $310,000 with 24 days average market time, last week 17 homes at median price of $328,000 with 12 days average market time.

FHA 060422
FHA financing used to close for week ending June 4

VA financing used to close on 15 homes at a  median price of $383,000 with 51 days average market time, last week 6 homes at median price of $390,000 with 6 days average market time.

VA 060422
VA financing used to close for week ending June 4

Buyer’s looking for homes that are at least 2,000 square feet or more closed on 193 homes at a median price of $480,000 with 16 days average market time, last week 157 homes at a median price of $500,000 with 29 days average market time.  The minimum price for a home that was at least 2,000 square feet or more was $155,000, last week $255,000.

2000 SF or more 060422
Homes that are at least 2,000 SF or more for week ending June 4

Contracts accepted this week

Contracts accepted this week were down.  218 this week compared to 275 the previous week.

Fox Valley home prices June 4-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:

Aurora-41                           Bolingbrook-14

Naperville-42                    Plainfield-28

St Charles-14                     Yorkville-10

No short sales went under contract this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 4 with 48 hours, and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours and 1 that we don’t know the time frame.

The median price of homes under contract this week is $399,450 with 20 days average market time, last week the median price was $399,900 with 17 days average market time.

Contingent Stats 060422

2022 by the month

Month                 New   Closed   Contracts accepted

January               422        492             623

February             523        520             724

March                 734        904             890

April                  1168        966            1334

May                   1101        893             806

June                    279        306             218

Totals               4227      4081           4595

More new listings than closed is a good sign that things are changing slightly.  Prices are still increasing and inventory is low, but we hope June continues to increase the amount of listings of homes for sale.

Check back with us every Saturday for the real estate market update.  We are late this week but try not to be.  At the end of each month we will take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Everything that is bold and underlined you can click on and it will take you to the site for the information.  If there is other information you are looking for not here please let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  If you need to bring up your score they can help you with that.

Request a home valuation if you are thinking about selling your home.  Give is a little information about your home and what has been updated.  Let us know the best way to get in touch with you and we will give you an estimate of what it is worth in today’s market.  You will also get an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the details.

If you are wanting to buy a home you need to get in touch with a loan officer and get them all your financial information and have them put you through underwriting so you are approved for a loan.  It is not enough to just get pre-approved right now.  You will be up against multiple offers so you want to be in the best position to win.

You can sign-up for email alerts so you don’t miss out on anything coming on the market.

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 need recommendations for loan officers, real estate attorney, or home inspector we can give you a few to contact and choose who you want to work with.

All data provided is from our MLS.  MRED, LLC.

Fox Valley home prices June 4.  Have an awesome 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 a home today!

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Fox Valley home prices May 28

Fox Valley Home Prices April 23

Fox Valley home prices May 28.   We remember and honor the men and woman who gave their lives in service to our country this Memorial Day. 

It also marks the beginning of summer for most people.

New listings this week were down.  243 this week compared to 307 the previous week.

Closed listings were up.  252 this week compared to 218 the previous week.

Fox Valley home prices May 28

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

Aurora-New 33 $129,900-$569,000

             Closed-44 $130,000-$795,000

Bolingbrook-New 21 $199,900-$799,900

                    Closed-17 $221,000-$653,774

Geneva-New 10 $439,900-$1,898,000

             Closed-9 $280,000-$835,000

Naperville-New 52 $199,900-$2,500,000

                 Closed-42 $355,000-$1,420,000

Oswego-New 8 $230,000-$600,000

              Closed-12 $315,000-$581,900

Plainfield-New 34 $199,900-$774,900

                Closed-34 $275,000-$750,500

St Charles-New 8 $409,500-$2,299,999

                  Closed-23 $260,000-$1,350,000

West Chicago-New 10 $239,900-$1,395,000

                       Closed-4 $268,000-$530,000

Yorkville-New 7 $279,900-$625,000

               Closed-11 $275,000-$500,000

Financing used, median prices and 2,000 SF or more

The median list price this week $399,999, last week $425,000

Closed median price this week $410,000, last week $405,000

Conventional financing was used to close 194 homes at a median price of $427,550 with 30 days average market time, last week 153 homes at $435,000 with 13 days average market time.

Conv 052822
Conventional financing used for week ending May 28

Cash was used to close on 35 homes this week at a median price of $400,000 with 26 days average market time, last week 36 homes at median price of $405,000 with 15 days average market time.

Cash 052822
Cash used to close for week ending May 28

FHA financing was used to close on 17 homes with a median price of $328,000 with 12 days average market time, last week 18 homes at a median price of $335,000 with 21 days average market time.

FHA 052822
FHA financing used to close for week ending May 28

VA financing was used to close 6 homes at a median price of $390,000 with 6 days average market time, last week 10 homes at median price of $407,500 with 7 days average market time.

VA 052822
VA financing used to close for week ending May 28

Buyers closed on 157 homes that were at least 2,000 square feet or more this week with a median price of $500,000 with 29 days average market time, last week 152 homes with a median price of $466,000 with 14 days average market time.  Minimum price this week $255,000, last week $237,000.

2000 SF or more 052822
Homes closed with 2,000 square feet or more for week ending May 28

Contracts accepted this week

Contract accepted this week were consistent.  275 this week compared to 278 the previous week.

Fox Valley home prices May 28-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:

Aurora-42                         Bolingbrook-26

Geneva-12                          Naperville-55

Plainfield-33                      St Charles-23

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, 5 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 and 1 with 48 hours.

The median price of homes that went under contract this week was $399,900 with 17 days average market time, last week median price $392,500 with 18 days average market time.

2022 by the month and a look back at 2021 and 2020

2022

Month          New   Closed   Contracts accepted

January              422        492               623

February            523        520               724

March                734        904               890

April                 1168        966              1334

May                   1101       1143              1106

Totals          3948   4025         4377

2021

January             543        649                829

February           561         604                778

March               993       1099               1455

April                1006        926               1387

May                 1088       1288               1289

Totals        4191     4566         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

2020 had the most new listings but the least closed.  You can see how tight the market is this year.  That is why prices have increased so much.  Fewer new listings to choose from.

Check back with us every Saturday for the real estate market update for the Fox Valley area in Illinois.

Resources

Everything you see darker and underlined click on it and it will take you to the site for the information.  If you are looking for information not listed here let us know and we will point you in the right direction.

Check with your loan officer to see what rate you will be offered.  It depends on your credit score what interest rate you will get.  If you need help to improve your score talk to them.  They will help you.

Request a home valuation if you are wanting to sell your home.  Give us a little information about your home and what you have recently updated.  We will let you know what it is worth in today’s market.  You will also be shown and estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home this year?  You need to contact a loan officer and get them all your financial information and apply for the loan so they can put you through underwriting and get approved subject to finding the home, appraisal and title.  Taking this step will help you when you write an offer especially if there are other offers you are competing against.  You will also not have to worry about last minute things coming up that need to be cleared up at the last minute.

You can sign-up for email alerts with your criteria and you will be emailed as soon as a property hits the market so you don’t miss anything.

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.

We can make recommendations for loan officers, real estate attorneys and home inspectors.

All data provided was from our MLS. MRED, LLC.

It is constantly updated.

Fox Valley home prices May 28.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices May 7

Fox Valley Home Prices April 23

Fox Valley home prices May 7.  New listings of single family homes are up.  255 this week compared to 232 the previous week. A great way to start the month!

Closed listings of single family homes were also up.  241 this week compared to 217 the previous week.

Fox Valley home prices May 7

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

Aurora-New 40 $85,900-$625,000

             Closed-31 $135,500-$650,000

Bolingbrook-New 17 $254,900-$694,999

                    Closed-16 $225,000-$695,000

Geneva-New 13 $235,000-$1,299,000

             Closed-11 $255,000-$875,000

Naperville-New 43 $350,000-$2,200,000

                  Closed-52 $300,000-$1,675,000

Oswego-New 14 $315,000-$530,000

              Closed-17 $275,000-$750,000

Plainfield-New 26 $280,000-$599,900

                Closed-26 $295,000-$670,000

St Charles-New 27 $214,028-$1,799,000

                  Closed-22 $250,000-$1,085,000

Yorkville-New 15 $229,900-$995,000

               Closed-9 $300,000-$699,900

Other communities had activity this week.  Please look at the photo above to see the home prices in those communities.  You just might find home prices that are more appealing.

Financing used, median prices and 2,000 SF or more

Median list price this week in the Fox Valley area of Illinois is $414,450, last week $399,900

Closed median price on single family homes this week $400,000, last week $393,717.

Stats 050722
Stats for week ending May 7

Conventional financing was used to close on 178 homes at median price of $425750 with 24 days average market time, last week 170 homes at median price of $415,500 with 27 days average market time.

Conv 050722
Conventional financing used for week ending May 7 

Cash was used to close on 32 homes this week with a median price of $390,500 and 18 days average market time, last week 27 homes at median price of $370,000 with 27 days average market time.

CAsh 050722
Cash used to close for week ending May 7

FHA financing was used to close on 25 homes this week with a medium price of $255,000 with 24 days average market time, last week 16 homes at median price of $307,500 with 27 days average market time.

FHA 050722
FHA financing used to close for week ending May 7

VA financing was used to close on 5 homes with a median price of $590,000 with 18 days average market time, last week 4 homes at median price of $332,500 with 6 days average market time.

VA 050722
VA financing used to close for week ending May 7

2,000 square feet or more closed on 144 homes with a median price of $496,250 with 31 days average market time, last week 140 homes with a median price of $473,142 with 20 days average market time.  Minimum price this week on a 2,000 SF home was $200,000, last week $258,000.

2000 SF or more 050722
2,000 SF homes closed for week ending May 7

Contracts accepted this week

Contracts accepted this week on single family homes were down.  272 this week compared to 325 the previous week.

Fox Valley home prices May 7-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:

Aurora-39                       Bolingbrook-27

Geneva-11                        Naperville-49

Oswego-19                      Plainfield-29

St Charles-15

1 short sale was accepted by a seller this week.  It was in Aurora.  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. 4 with a kick-out clause of 48 hours, and 2 with 24 hours.

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

Median price this week for homes that went under contract was $$399,900 with 22 days average market time, last week median price was $405,000 with 20 days average market time.

Contingent Stats 050722
Contingent stats for week ending May 7

2022 by the month

Month       New   Closed   Contracts accepted

January         422         492             623

February       523         520             724

March           734         904             890

April            1168         966            1334

May              255         241              272

Totals      3102    3123        3843

Check back with us every Saturday for the real estate market update here in the Fox Valley area of Illinois.  At the end of each month we take a look back at 2021 and 2020 so you can see how this year is going compared to the previous 2 years.

May will need to increase the numbers for new listings if it is going to reach April numbers.

Resources

Click on anything that is in bold letters an underlined and it will take you to the site for the information.  If there is information not listed here that you are looking for just let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  They will help you if you need to bring up your score.

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 this year you need to contact a loan officer and get them all your financial information.  You need to go through the underwriting process so you know what you are approved for before starting to look at homes.  You will be at a disadvantage if you do not go through this process.  Homes are going under contract quickly and seller’s are looking for a buyer that is ready to go without having to wait to see if you qualify.

Request a home valuation if you are thinking about selling your home.  Tell us a little bit about your home and what has recently been updated.  We will provide you with a net proceeds that shows you and estimate of expenses to sell.  When an offer comes in and we know all the terms we will update the net proceeds so you can make a good decision.

You can sign-up for email alerts to keep an eye on the market.

If you use Facebook you can go to our business page and look for the button “shop now” and search anywhere in Illinois.

You can also contact us and we can set you up to receive listings in real time as soon as they hit the market.  Let us know what areas you are looking at. How many bedrooms and other criteria that is important to you.

All data provided today is from our MLS system.  MRED, LLC.  It updates constantly so the information I downloaded this morning is not the same as it is right now.

Fox Valley home prices May 7.  Have an awesome week!  The temperatures should increase as the week goes forward.

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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices April 30

Fox Valley Home Prices April 23

Fox Valley home prices April 30.  New listings of single family homes are down.  232 this week compared to 302 the previous week.  This is not heading in the right direction.  We need to keep increasing the amount of homes listed to keep up with the demand.

Closed listings this week are slightly up.  217 this week compared to 198 the previous week.  Most buyers want to close at the end of the month.

Fox Valley home prices April 30

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

Aurora-New 29 $129,000-$925,000

            Closed-27 $135,000-$550,000

Bolingbrook-New 20 $275,000-$525,000

                     Closed-15 $191,500-$510,000

Geneva-New 12 $239,500-$799,900

              Closed-11 $260,000-$810,344

Naperville-New 50 $285,000-$1,525,000

                  Closed-41 $286,500-$1,450,000

Oswego-New 16 $160,000-$650,000

               Closed-9 $224,000-$705,558

Plainfield-New 24 $199,000-$659,900

                 Closed-34 $215,000-$970,000

St Charles-New 18 $274,900-$838,000

                  Closed-16 $270,000-$1,350,000

Yorkville-New 7 $255,000-$499,900

                Closed-12 $220,000-$475,000

Financing used, median prices and 2,000 SF or more

Median list price this week $399,900, last week $410,000.

Closed median price this week $393,717, last week $389,000

Stats 043022
Median listed and closed Stats for week ending April 30

Conventional financing was used to close on 170 homes this week at a median price of $415,500 in 20 days average market time, last week 152 homes closed at median price of $395,000 with 27 days average market time.

Conv 043022
Conventional financing used for week ending April 30

Buyers used cash to close on 27 single family homes with a median price of $370,000 and 29 days average market time, last week buyers closed on 23 homes with a median price of $470,000 and 12 days average market time.

Cash 043022
Cash used to close for week ending April 30

FHA financing was used to close on 16 homes with a median price of $307,500 and 27 days average market days, last week also 16 homes at median price of $287,500 and 12 days average market time.

FHA 043022
FHA financing used to close for week ending April 30

VA financing was used to close on 4 homes with a median price of $332,500 and 6 days average market time, last week 6 homes with a median price of $258,500 and 41 days average market time.

VA 043022
VA financing used to close for week ending April 30

2,000 square feet or more homes closed on 140 single family homes with a median price of $473,142 and 20 days average market time, last week 116 homes with a median price of $473,750 and 33 days average market time.  Minimum price this week for a home that is at least 2,000 SF or more closed at $258,000, last week $191,000.

2000 SF or more 043022
Homes that are at least 2,000 SF or more closed for week ending April 30

Contracts accepted this week

Contracts accepted this week were up.  325 this week compared to 245 the previous week.

Fox Valley home prices April 30-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:

Aurora-41                       Bolingbrook-27

Naperville-66                 North Aurora-12

Oswego-17                      Plainfield-40

St Charles-24                 Winfield-11

Yorkville-13

1 short sale was accepted by a seller this week.  It is in Aurora.  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.  3 with a kick-out clause of 72 hours, 10 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 48 hours.

2022 by the month and a look back at 2021 and 2020

2022

Month             New   Closed   Contracts accepted

January                  422         492              623

February                523         520              724

March                    734         904              966

April                     1168         966             1334

Totals           2847     2882        3571

2021

January                 543          649              829

February               561           604              778

March                   993         1099             1455

April                    1006          926             1387

Totals           3103     3278         4449

2020

January               1105          566                858

February             1267          529              1024

March                  1186          707              1079

April                     648          786                775

Totals           4206     2588         3736

2020 had the most new listings with the least amount of closed.  This year we have the least amount of new listings and we are coning in 2nd for closed listings out of the 3 years.

New listings are steadily increasing this year, but not fast enough for the amount of buyers that are looking.

Resources

Click on anything that is underlined to take you to the site to get the information.  If there is any other information that you are looking for just let us know.

Check with your loan officer to see what interest rates they are offering you.  It depends on your credit score what interest rate you will be offered. They can help you bring up your score if you need to improve it. 

Get the loan officer all your financial information so they can run you through underwriting so you are ready to go.  When you find a house all you will need to do is home inspection/attorney review, and then you will be ready to order the appraisal.  Just talking to them over the phone and giving them your information isn’t good enough anymore.  You need to take this extra step to get ready before looking for homes.

Request a home valuation if you are thinking about selling your home.  Let us know about your home and what has recently been updated.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell.  When an offer comes in we will update this when we know all the terms.

You can sign-up for email alerts and get listings as they hit the market so you will not miss out on a thing.

If you are on facebook you can go to my business page and click on “shop now” and search anywhere in Illinois.  You can even see what has sold.

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 need names of home inspectors or real estate attorneys we can provide you with a few that we have successfully worked with.

All data provided is from our MLS.  MRED, LLC.  It changes constantly throughout the day as agents update their information with new listings and status changes.

Fox Valley home prices April 30.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices April 23

Fox Valley Home Prices April 23

Fox Valley home prices April 23.  We are here to tell you about the real estate market in the Fox Valley area of Illinois.  If you would like to learn about other areas we can help you with that also.  Communities will be highlighted that have the most activity this week, median prices, financing used, 2,000 Square feet or more, Contracts accepted, 2022 by the month, resources and how to get in touch with us.

New listings of single family homes was up.  302 this week compared to 206 the previous week.  That is quite the jump!  We are so happy to see this.

Closed listings of single family homes was up slightly.  198 this week compared to 190 the previous week.

Fox Valley home prices April 23

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

Aurora-New 37 $125,000-$850,000

            Closed-26 $122,820-$627,500

Batavia-New 11 $275,000-$575,000

            Closed-7 $295,000-$550,000

Bolingbrook-New 15 $189,900-$525,000

                   Closed-13 $260,000-$716,000

Geneva-New 13 $249,000-$1,995,000

            Closed-8 $297,500-$650,000

Naperville-New 72 $324,999-$1,500,000

                 Closed-42 $263,000-$1,600,000

Oswego-New 22 $230,000-$649,900

             Closed-11 $242,000-$888,240

Plainfield-New 34 $239,000-$1,700,000

               Closed-21 $250,000-$668,533

St Charles-New 28 $229,900-$1,300,000

                  Closed-17 $167,000-$679,500

Sugar Grove-New 10 $355,000-$980,000

                    Closed-1 $380,000

Yorkville-New 13 $299,990-$875,000

               Closed-7 $191,000-$575,000

All these numbers will change as the day goes on.  The system updates as agents upload the new listings and closed listings.

Financing used, median prices and 2,000 SF or more

Median price of single family homes listed this week $410,000, last week $387,000.

Closed homes had a median price of $389,000 this week, last week $391,000.

Stats 042322
Stats for week ending April 23

Conventional financing was used to close 152 homes this week with a median price of $395,000 27 days average market time, last week 144 homes with median price of $402,500 24 days average market time.

Conv 042322
Conventional financing used for week ending April 23

Cash was used to close on 23 homes this week with a median price of $470,000 12 average market time, last week 24 homes with median price of $410,000 8 average market time.

Cash 042322
Cash used to close for week ending April 23

FHA financing was used to close on 16 homes with a median price of $287,500 with 12 average days market time, last week 14 homes with median price of $297,500 with 21 days average market time.

FHA 042322
FHA financing used to close for week ending April 23

VA financing was used to close on 6 homes with median price of $258,500  with 41 days average market time, last week also 6 homes but with median price of $583,500 with 110 average market time.

VA 042322
VA financing used to close for week ending April 23

People looking for a home that was at least 2,000 square feet or more closed on 116 homes with median price of $473,750 with 33 days average market time, last week 116 homes with a median price of $465,750 with 29 days average market time.  The minimum priced home this week was $191,000, last week $175,000.

2000 SF or more 042322
Homes 2,000 SF or more for week ending April 23

Contracts accepted this week

Contracts accepted by sellers was down.  245 this week compared to 297 the previous week.

Fox Valley home prices April 23-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:

Aurora-36                        Bolinbrook-15

Naperville-48                   Oswego-12

Plainfield-33                    St Charles-26

Yorkville-11

No short sales were accepted by seller’s this week.

Contracts were accepted by seller’s that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and also 1 with 48 hours.

Also, contracts were accepted by seller’s that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 h ours, 48 hours and 24 hours.

Median list price of homes that went under contract this week $399,900 with 25 days average market time, last week $399,000 with 23 days average market time.

Contingent Stats 042322
Contingent Stats for week ending April 23

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492             623

February        523         520             724

March            734         904             890

April              934         749            1009

Totals      2615     2665       3246

New listings are increasing, but so are the closed and under contract.  We need new listings to increase drastically to slow down the increase in prices.  Interest rates are going up.  We are starting to see market time go up and price changes so it is impacting some areas but not all.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.  At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year compares to the previous 2 years.

Resources

Click on each underlined resource that you want to know more about.  If there is information not listed that you are looking for let us know and we will point you in the right direction.

Types of loan and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  If you need to work on your score they can help you.

Contact us

Call 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 if you are thinking about selling your home.  Tell us a little bit about your home and what has recently been updated.  We will give you an estimate of what it will sell for and a net proceeds that shows you the expenses to sell.  When an offer comes in we will update the net proceeds showing the terms and price offered so you can make a good decision.

Thinking about buying a home this year.  You need to get all your financial information to a loan officer so they can put you through underwriting so you will know what you are pre approved for and the seller will also feel better accepting your offer knowing you went through this extra step.

Sign-up for email alerts  so you don’t miss out on a home coming on the market.

You can search for me on facebook and click on the “shop now” button to search anywhere in Illinois.

All data provided today is from our MLS.  MRED, LLC.

Fox Valley home prices April 23.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices March 26 2022

Fox Valley home prices March 26 2022

Fox Valley home prices March 26 2022.  Will the Spring real estate market arrive this year?  Just like the weather here in the Fox Valley that is not sure if it is still Winter or Spring.  Some weeks are better than others.

If you are a seller you are loving this market, but when you go to buy, you are finding it a challenge.

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

Aurora-New 19 $160,000-$899,900

            Closed-28 $105,000-$600,000

Bolingbrook-New 8 $235,000-$485,000

                     Closed-15 $225,900-$740,000

Naperville-New 43 $259,900-$2,925,000

                  Closed-27 $310,000-$1,709,000

Plainfield-New 22 $275,000-$650,000

                 Closed-11 $287,000-$662,000

St Charles-New 13 $260,000-$2,300,000

                  Closed-14 $240,000-$1,225,000

Click on the photo above to see what other communities had activity this week.

Financing used, median prices and 2,000 square feet or more

The median home price of new listings this week was $390,000, last week $389,950.

Closed median home price this week $370,000, last week $372,250.

Stats 032622
Stats for home prices this week

Conventional financing was used to close on 117 homes this week with a median price of $405,000 in 36 days average market time, last week 119 homes with median price of $395,000 in 42 days average market time.

Conv 032622
Conventional financing used this week

Cash was used to close on 18 homes this week with a median price of $457,750 in 21 days average market time, last week 24 homes with median price of $385,000 with 32 days average market time.

Cash 032622
Cash used to close on homes this week

FHA financing was used to close on 28 homes this week with median price of $269,500 in 20 days average market time, last week 24 homes with median price of $287,500 in 26 days average market time.

FHA 032622
FHA financing used to close this week

VA financing used to close on 8 homes with median price of $498,750 in 41 days average market time, last week 9 homes with median price of $419,900 in 66 days average market time.

VA 032622
VA financing used to close this week

People looking for a home that is 2,000 square feet or more closed on 93 homes this week with a median price of $462,500 in 34 days average market time, last week 100 homes with a median price of $451,750 in 50 days average market time. Minimum price this week was $277,000, last week $175,000.

2000 SF or more 032622
2,000 Square feet or more this week

Contracts accepted this week

Fox Valley home prices March 26 2022-Contracts accepted this week

Contracts accepted this week on single family homes was down this week.  222 this week compared to 237 the previous week.

Look at the communities seller’s accepted the most contracts this week:

Aurora-34                            Bolingbrook-17

Geneva-12                            Naperville-47

Plainfield-26                        St Charles-15

West Chicago-10

No short sales were accepted by seller’s this week.  Prices have increased so much that most people that are having difficulty can still sell and not sell short.  If you are having difficulty, let us take a look at what you owe, and what your home might sell for and see what you can do.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 3 with 48 hours and 4 with 24 hours.

There were no contingencies this week on buyer’s that still had to sell and close before purchasing.

The median price for the 222 homes that went under contract this week was $394,500 in 20 days average marker time, last week 237 homes went under contract with a median price of $387,000 in 24 days average market time.

Contingent Stats 032622
Contract accepted stats this week

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492                623

February        523         520                724

March            734         904                890

Totals      1679     1916         2237

Check back with us each Saturday for the real estate market update.  At the end of each month we will also take a look back at 2021 an 2020 so you can see how this year is going.  March ends next Thursday so we will do this next week.

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.

Are you getting your home ready to sell this year?  Request a home valuation and tell us a little bit about your home and what has recently been updated.  We will give you an estimate of what it is worth and a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you want to buy a home this year you need to talk to a loan officer that will not just pre qualify you but run it through underwriting so you know you are approved up to a certain price and you just need to find the home get appraisal completed and update the title.  You will be up against other people wanting the same home so you need to be farther along in the process to be considered by the seller.  Get all your financial information together and get it to the loan officer.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Contact your loan officer to see what interest rates you will be offered.  It depends on your credit score.  They can also help you bring up your score if it needs a little help.  

This is a fast paced market.  If you wait until the weekend you might lose out on a chance for a home. 

It is nice for seller’s right now because you are not inconvenienced for a length of time drug out for weeks with occasional showings.  If it is priced right it will sell.  Once you get past the home inspection after accepting a contract the next person to come through will be the appraiser. 

We will guide you through the process and work with your real estate attorney on any issues that might come up with the home inspection and attorney review.

We can set you up for email alerts that will automatically email you listings of homes with your criteria as soon as they hit the market.

All data provided today is from our MLS.  MRED, LLC.

Fox Valley home prices March 26 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555

Search for home today!

Kriss New profile for FB 123121

Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022.  Every Saturday we take a look at what happened for the week in the real estate market in Kane & Kendall County areas of Illinois.  We highlight the communities with the most activity and the price ranges, median prices, financing used, 2022 by the month and which communities seller’s accepted the most contracts.  If there is other information you would like us to include, please let us know.

New listing this week on single family homes were almost exactly the same as the week before.  185 this week compared to 184 the previous week.

Closed listings this week increased.  176 this week compared to 150 the previous week.  They should increase as we get closer to the end of the month.

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

Aurora-New 27 $157,000-$599,000

            Closed-21 $175,000-$695,000

Bolingbrook-New 13 $229,900-$875,000

                    Closed-13 $200,000-$660,000

Geneva-New 14 $269,900-$950,000

             Closed-7 $340,000-$950,000

Naperville-New 45 $389,000-$1,349,990

                 Closed-30 $280,000-$2,524,000

Plainfield-New 18 $200,000-$1,250,000

                Closed-17 $286,500-$532,450

St Charles-New 12 $149,900-$765,000

                  Closed-10 $199,900-$1,550,000

Financing used, median prices and 2,000 square feet or more

The median list price of a single family home this week was $389,950, last week $383,675.  Median closed price was $372,250 this week, last week $383,000.  Average market time this week was 10 days with 39 days to close, the week before average 14 days active with 39 days to close.

Stats 031922
Stats for week ending March 19, 2022

Conventional financing was used to close on 119 single family homes with a median price of $395,000 with 42 days average market time, last week 111 single family homes with a median price of $390,000 with 30 days average market time.

CONV 031922
Conventional financing used to close for week ending March 19, 2022

Cash was used to close on 24 homes this week with a median price of $385,000 and 32 days average market time, last week 16 homes with median price of $373,500 with 89 days average market time.

Cash 031922
Cash used to close for week ending March 19, 2022

FHA financing was used to close on 24 homes this week with a median price of $287,500 with 26 days average market time, last week 20 homes with median price of $327,500 with 47 days average market time.

FHA 031922
FHA financing used to close week ending March 19, 2022

VA financing was used to close on 9 homes with median price of $419,900 with 66 days average market time, last week 3 homes with median price of $500,000 with 30 days average market time.

VA 031922
VA financing used to close for week ending March 19, 2022

People looking for at least 2,000 square feet or more closed on 100 homes at median price of $451,750 this week with 50 average days on market, last week 89 homes with median price of $450,000 with 38 average days on market.  Minimum price this week was $175,000, last week $192,000.

2000 SF or more 031922
2,000 SF or more closed for week ending March 19, 2022

Contracts accepted this week

Fox Valley home prices March 19 2022-Contracts accepted this week

Contracts accepted by seller’s this week increased.  237 this week compared to 218 the previous week.

Look at the communities seller’s accepted the most contracts:

Aurora-33                      Bolingbrook-11

Geneva-10                       Naperville-47

Oswego-11                       Plainfield-35

St Charles-16                  Yorkville-10

2 short sales were accepted by seller’s this week.  1 each in Plainfield and West Chicago.  Now they 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. 2 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

24 days was the average market time for the homes that seller’s accepted a contract this week with a median price of $387,000, last week 27 days average market time with median price of $394,750.

Contingent Stats 031922
Stats for contingent homes week ending March 19, 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February        523         520               724

March            566         733                668

Totals       1511    1745         2015

Check back with us every Saturday for the real estate update.  At the end of each month we will take a look back at 2021 and 2020 so you can compare how this year is going.

Contact us

Call us at 63-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

Request a home valuation if you are thinking about selling.  Tell us a little bit about your home and what has been recently updated.  We will let you know what it might sell for and give you an estimate of 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 get in touch with a loan officer..  Get them all your financial information so they can run you through underwriting and get you conditionally approved.  You need to take this extra step if you need to get financing.  As you can see above conventional financing is the one seller’s are most willing to accept at this time.

It is a great time to sell and can be frustrating to be a buyer right now.  Persistent, patience and putting your best foot forward will help you.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Click on these links above for some good information.  Interest rates depend on your credit score so check with your lender to see what they will offer you.  They can also help you increase your credit score.

All data provided is from our MLS MRED, LLC.

You can go to my facebook page Best Homes Fox Valley to “shop now” or sign up for email alerts.

Fox Valley home prices March 19 2022.  Have an awesome 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 a home today!

Kriss New profile for FB 123121