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!

Kriss New profile for FB 123121

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 April 2 2022

Fox Valley home prices April 2 2022

Fox Valley home prices April 2 2022.  We will show you the communities that are the most active, median prices, financing used, how many contracts were accepted this week.  Compare what has happened so far this year and look back at 2021 and 2020 so you can see how this year is going so far.  Share resources and how to contact us with questions.

New listing of single family homes were up.  189 this week compare to 168 the previous week.

Closed listings were also up.  202 this week compared to 171 the previous week.

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

Aurora-New 20 $149,900-$499,900

            Closed-29 $115,000-$750,000

Bolingbrook-New 13 $269,000-$520,000

                    Closed-15 $186,000-$614,900

Naperville-New 35 $300,000-$1,849,000

                 Closed-31 $310,000-$2,550,000

Oswego-New 18 $230,000-$799,900

             Closed-12 $235,000-$751,050

Plainfield-New 23 $289,000-$619,700

                Closed-23 $235,000-$949,567

St Charles-New 15 $149,999-$849,900

                  Closed-20 $190,000-$1,050,000

Yorkville-New 7 $319,000-$924,900

               Closed-10 $169,900-$670,000

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

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

Median list price this week $379,000, last week $390,000.

Closed median price this week $389,950, last week $370,000.

Stats 040222
Stats for the week ending April 2, 2022

Conventional financing was used to close on 147 single family homes with a median price of $411,000 with 29 average market days, last week 117 homes with median price of $405,000 with 36 average market days.

Conv 040222
Conventional financing used for week ending April 2, 2022

Cash was used to close on 27 homes with median price of $380,000 with 12 average market days, last week 18 homes with median price of $457,750 with 21 average market time.

Cash 040222
Cash used to close for week ending April 2, 2022

FHA financing was used to close on 23 homes with median price of $313,000 and 29 average market time, last week 28 homes at median price of $269,500 with 20 days average market time.

FHA 040222
FHA financing used for week ending April 2, 2022

VA financing was used to close on 6 homes this week with a median price of $339,000 and average market time of 76 days, last week 8 homes with median price of $498,750 and 41 days average market time.

VA 040222
VA financing used for week ending April 2, 2022

People looking for a home that was at least 2,000 square feet or more closed on 120 homes at a median price of $459,500 with 28 days average market time, last week 93 homes with a median price of $462,500 with 34 days average market time.  The minimum price this week $299,000, last week $277,000.

2000 SF or more 040222
Homes closed 2,000 SF or more April 2, 2022

Right now the financing you use makes a difference, but it is not the only thing.  Timing and other terms might be more important for a seller.  Finding out is key.

Contracts accepted this week

Fox Valley home prices April 2 2022-Contracts accepted this week

Contracts accepted this week were consistent.  220 this week compared to 222 the previous week.  That is pretty consistent.  They would be higher though with more listings.  We are still dealing with not enough homes for the buyers that are out there looking.

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

Aurora-26                   Bolingbrook-20

Montgomery-12           Naperville-41

Oswego-14                  Plainfield-28

St Charles-13             Sycamore-12

No short sales were accepted by seller’s this week.  Some people that are struggling can sell and still get money at closing.  Prices have increased enough that they do not have to sell short.

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

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

The median price of the 220 homes that received contracts this week was $369,950 with 20 days average market time.  Last week 222 homes received a contract with median price of $394,950 with 20 days average market time.  We will not know the price they agreed to until they close.

Contingent Stats 040222
Contract accepted stats for week ending April 2, 2022

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            923         1106               1110

Totals       1868     2118         2457

2021

January          543         649                829

February        561          604                778

March            993         1099              1455

Totals       2097     2352         3062

2020

January         1105          566                858

February       1267          529              1024

March            1186          707              1079

Totals       3558     1802         2961

New listings has decreased every year.  This is why prices have increased.

More of the homes that have gone under contract that actually closed has increased every year.  It has helped that loan officers are putting buyer’s through underwriting instead of just getting their information over the phone and checking their credit.  We know the buyer’s are good to go and just need to make sure the appraisal works out and no issues with title.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

If you are looking for any other information just let us know and we will point you in the right direction.

You will need to contract your loan officer to see what interest rate you will be offered.  It depends on your credit score.  The better your credit score the better the rate you will be offered.  They can help you to increase your score if you need it.  Just ask them what you can do.

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.

Request a home valuation if you are thinking about selling your home.  We will let you know what it might sell for and show 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 need to start with a loan officer and get them all your financial information so they can run you through underwriting to get you pre approved.  You will be ready to go then and once you find a home all you need to do is make sure it appraises out and get the title updated.  You can sign up to get homes emailed to you as they hit the market.  All you need to do is sign up for email alerts.  You can also go to my facebook page  and click on “shop now” to search for homes.

We will guide you through the process.

All data provided is from our MLS.  MRED, LLC

Fox Valley home prices April 2 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

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 5 2022

Fox Valley home prices March 5 2022

Fox Valley home prices March 5 2022.   We hope for peace soon for Ukraine.  The pace of new listings of single family homes coming on the market picked up slightly.  197 this week compared to 163 the week previously.

Closed listing also picked up.  174 this week compared to 128 the week previously.

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

Aurora-New 20 $124,900-$749,900

            Closed-24 $170,000-$600,000

Bolingbrook-New 13 $239,900-$899,900

                    Closed-14 $180,000-$560,000

Naperville-New 40 $249,000-$2,950,000

                 Closed-21 $340,000-$1,425,000

Oswego-New 15 $244,900-$1,450,000

             Closed-13 $293,200-$682,200

Plainfield-New 24 $218,000-$600,00

                Closed-23 $251,101-$665,000

St Charles-New 17 $274,900-$3,299,000

                  Closed-8 $235,000-$720,000

Yorkville-New 12 $326,900-$464,900

               Closed-16 $172,500-$602,500

Click on the photo above to take a look at the other communities that also had activity this week.

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

Median list price on single family homes this week $375,000, last week $385,000.

Closed median price this week $365,000, last week $343,500.  The average days active this week 24 days with 39 to close.  Previous week average days active 8 days with 42 days to close.

Stats 030522
Stats for week ending March 5 2022

Conventional financing was used to close 123 homes this week with a median price of $385,548 with average market time 41 days, last week 90 homes at median price of $375,000 with 40 days average market time.

Conv 0030522
Conventional Financing used week ending March 5 2022

Cash was used to close on 19 homes this week at median price of $326,000 with 25 days average market time, last week 13 homes at median price of $275,000 with 57 days average market time.

Cash 030522
Cash used to close week ending March 5 2022

FHA financing was used to close on 22 homes this week with  a median price of $275,750 in 35 days average market time, last week 19 homes at median price of $290,000 in 54 days average market time.

FHA 030522
FHA financing used to close week ending March 5 2022

VA financing was used to close on 9 homes this week with a median price of $365,000 in 55 days average market time, last week 4 homes at median price of $269,494 in 24 days average market time.

VA 030522
VA financing used to close week ending March 5 2022

95 homes that are at least 2,000 square feet or more closed this week at a median price of $436,000 in 45 days average market time, last week 68 homes closed at median price of $420,995 in 47 days average market time.  The minimum price this week was $217,000, last week $160,000.

2000 SF or more 030522
Homes that are 2,000 SF or more week ending March 5 2022

Contracts accepted this week

Fox Valley home prices March 5 2022-Contracts accepted this week

Contracts accepted this week  were slightly up.  213 this week compared to 191 the previous week.  With more new listings this week we should see this number go up next week.

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

Aurora-30                          Bolingbrook-10

Geneva-10                          Naperville-51

Oswego-12                         Plainfield-31

St Charles-13

1 short sale was accepted by a seller this week.  It was in Winfield.  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, 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 48 hours, 1 with 24 hours and also 1 that we do not know how much time they gave them.

Of the 213 homes that went under contract this week average days on market was 37 days with median price of $397,500.

Contingent Stats 030522
Contingent Stats for the week ending March 5 2022

 2022 by the month

Month        New   Closed   Contracts accepted

January          422         492                623

February        523         520                724

March            197          174                 213

Totals      1142     1186         1560

Check back with us every Saturday for the Fox Valley home prices market update.  At the end of each month we will also show you 2021 and 2020 so you can see a comparison.

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 waiting for spring market to sell there is no reason to wait unless the timing is off for you.  Buyers are waiting for homes to hit the market.  Request a home valuation and tell us a little bit about your home.   Let us know what has recently been updated.  We will let you know what it is worth in today’s market and provide you with 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.

Thinking about buying a home this year?  You need to get all your financial information to a loan officer so they can get you through the process of getting approved so you are ready to go and start looking at homes.  Let us know if you need a recommendation.

Resources-click on them to learn more

Types of loans 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 they will be offering you.  It depends on your credit score what interest rate you are offered.

We are here to guide you through the process.  There is more too it besides getting an offer accepted.  

All data used is from our MLS MRED, LLC. 

Fox Valley home prices March 5 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! Set up email alerts.

Kriss New profile for FB 123121

Fox Valley home prices February 26 2022

Fox Valley home prices February 26 2022

Fox Valley home prices February 26 2022.  We end this last week of February with a bright sunny day and a slight increase in new listings of single family homes.  163 this week compared to 137 the previous week.

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

Aurora-New 17 $189,000-$589,000

            Closed-20 $160,000-$467,000

Geneva-New 10 $275,000-$689,500

            Closed-8 $335,000-$580,000

Naperville-New 41 $325,000-$1,699,000

                 Closed-17 $306,000-$1,650,000

Plainfield-New 16 $279,000-$850,000

                Closed-19 $215,000-$492,500

St Charles-New 10 $269,900-$1,485,000

                  Closed-7 $247,500-$400,001

Naperville saw the most new listings this week with Aurora having the most closed.  Multiple offers is still the norm for the foreseeable future.

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

Median list price this week $385,000, last week $375,500.

Closed median price this week $343,500, last week $374,355.

8 days average active this week with 42 average days closed. last week 16 days average active with 54 average days closed.

Stats 022622
Median prices for the week ending February 26 2022

Conventional financing was used to close 90 homes this week with median price of $375,000 with average market time 40 days, last week 88 with median price of $397,262 with average market time 57 days.

Conv financing 022622
Conventional financing used week ending February 26 2022

Cash was used to close 13 homes median price of $275,000 with 57 average market days, last week 15 homes median price $477,500 with 65 average market time.

Cash 022622
Cash used to close for week ending February 26 2022

FHA financing was used to close on 19 homes median price $290,000 with 54 average market days, last week 11 homes median price $258,000 with 31 average market time.

FHA 022622
FHA financing used for week ending February 26 2022

VA financing was used to close on 4 homes this week median price of $269,494 with 24 average market time, last week 7 homes median price of $330,000 with 19 days average market time.

VA 022622
VA financing used for week ending February 26 2022

68 homes closed this week that were 2,000 square feet or more median price $420,995 with 9 days average active and 47 days average market time to close, last week 72 homes median price of $452,500 with 16 days average active and 50 days average market time to close.  The minimum price this week that closed was $160,000, last week $279,900.  What a difference a week makes!

2000 SF or more 022622
2,000 SF or more week ending February 26 2022

Contracts accepted this week

ox Valley home prices February 26 2022-Contracts accepted this week

Contracts accepted this week were pretty consistent.  191 this week compared to 187 the previous week.  If new listings pick up we would see this number increase.  Buyers are waiting.

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

Aurora-28                      Bolingbrook-16

Naperville-32                 Oswego-12

Plainfield-19                   St Charles-16

These are the communities that consistently see activity week after week.

1 short sale was accepted by a seller this week.  It was in Plainfield.  Now it will be submitted to the lender to see if they will also accept as written.

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

The median price of homes that went under contract this week was $360,000 with a average market time of 30 days, last week median price was $369,900 with 42 days average market time.

Contingent Stats 022622
Contracts accepted Stats for week ending February 26 2022

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

Totals        945     1012        1347

2021

January          543         649              829

February        561          604              778

Totals       1104     1253        1607

2020

January         1105         566              858

February       1267         529            1024

Totals       2372     1095       1882

Take a look at the numbers and you can see why prices are rising the way they are. January and February are usually slower months.  Last year March increased dramatically.

This is the last full week of February.  Monday the 28th will be added to March.  Check back with us every Saturday for the 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.

This is a fantastic time to be a seller!  By the time you get to closing the temperatures will be better for moving.  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 the expenses to sell.  The net proceeds will be updated when an offer comes in and we know all the terms so you can see what you will walk away with so you can make a good decision.

If you want to be a buyer you have to be patient and aggressive.  You will be up against multiple offers so you need to be aggressive with pricing and patient because not everyone can win.  If you need to get financing you have to get all your financial information to a loan officer and go through underwriting so all you need is to update title and order appraisal.  Anything less will not get accepted.  No more waiting until the weekend to look because it will be gone by then.

We will guide you through the process and let you know what needs to be done.

Resources

Types of loans 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.  They will help you if you need to bring it up.

All data used is from our MLS  MRED,LLC.

Let us know if we can set you up to receive email alerts when a home hits the market.  Just let us know the area, price range and any other criteria.

Fox Valley home prices February 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 ext 101

Search for a home today!

Kriss New profile for FB 123121

 

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022.  Winter months are usually the slowest time of the year. Hang in there a couple more weeks. Spring market is right around the corner.

The market picked up 27 more listings of single family homes this week than the previous week.  137 this week compared to 110 the week before.

Closed listings saw a small increase as well.  121 this week compared to 107 the previous week.

Take a look at the communities that had the most activity this week:

Aurora-New 22 $134,900-$649,900

            Closed-18 $104,000-$655,000

Bolingbrook-New 7 $189,000-$519,000

                   Closed-10 $267,900-$425,000

Naperville-New 23 $305,000-$2,995,000

                 Closed-20 $320,000-$1,200,000

Oswego-New 11 $250,000-$437,740

             Closed-5 $330,200-$416,990

Plainfield-New 15 $129,900-$805,900

                Closed-14 $185,000-$859,000

St Charles-New 12 $340,000-$1,200,435

                  Closed-9 $175,000-$831,000

Other communities had activity that you can check out on the photo above.  We can also set you up to receive listings of homes in an area that you choose.  Let us know what you are looking for and where and we can set you up to receive as they hit the market so you don’t miss out on a thing.

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

The median list price this week of single family homes was $375,500, last week $345,000.

Homes that closed this week had a median closed price of $374,355. last week $341,000.

Stats February 19 2022
Stats February 19 2022

Conventional financing was used to close on 88 homes with a median price of $397,262, last week 73 homes with median price of $387,000.

Conventional Financing February 19 2022
Conventional Financing February 19 2022

Cash was used to close on 15 homes this week with a median price of $477,500, last week also 15 homes with a median price of $284,500.

Cash February 19 2022
Cash February 19 2022

FHA financing was used to close on 11 homes with a median price of $258,000, last week 16 homes at a median price of $262,500.

FHA Financing February 19 2022
FHA Financing February 19 2022

VA financing was used to close on 7 homes at a median price of $330,000, last week 3 homes at a median price of $290,000.

VA financing February 19 2022
VA financing February 19 2022

72 homes closed that were 2,000 SF or more this week with a median price of $452,500, last week 58 homes at a median price of $422,495.  The minimum price this week $279,900, last week $152,000.

2000 SF or more February 19 2022
2000 SF or more February 19 2022

Contracts accepted this week

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

Contracts accepted this week were slightly up.  187 this week compared to 176 the previous week.  Until more homes come on the market the numbers are not going to move very much.

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

Aurora-26                        Bolingbrook-14

Montgomery-10                Naperville-31

Plainfield-30

No short sales were accepted this week.

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

The median price of homes that went under contract this week was $369,900 with average market time of 42 days.  Last week the median price was $379,900 with average market time of 40 days.

Stats Contracts accepted February 19 2022
Stats Contracts accepted February 19 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492              623

February        360         392              533

Check back with us every Saturday.  Next week will be the last full week of February so we will also include 2021 and 2020 so you can see how this year is going compared to those 2 years.

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.

It is an awesome time to sell!  Prices are up since there is so little inventory of homes.  Request a home valuation and tell us a little bit about your home.  What have you updated recently?  We will give you a estimate of what your home would sell for in today’s market.  Included will be a net proceeds that shows you an estimate of expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  Get all your financial information together and get it to a loan officer so they can give you a letter showing what you are pre approved for.  Make sure you find a loan officer that will run your information through with their underwriters so you are ready to go.  Once you find a home and get it accepted all you need to wait for is updating the title and getting the appraiser out there.

We will guide you through the process every step of the way.

Resources

Types of loans and the process

VA loans and the process

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rates they are offering you.  It depends on your credit score.  If you need to work on it they will help you.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices February 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

Fox Valley home prices February 12 2022

Fox Valley home prices February 12 2022

Fox Valley home prices February 12 2022.  Consistent it is, but we are waiting for it to let loose.  Will that happen this year?  So far, we are below last years numbers.

New listings of single family  homes is 110, last week 113.  That is pretty steady numbers.

Closed listing this week 107, last week 164.  The number should increase as we head into the end of the month when most buyer’s want to close.

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

Aurora-New 23 $130,000-$715,000

            Closed-18 $150,000-$985,000

Naperville-New 21 $290,000-$1,250,000

                 Closed-15 $266,000-$826,000

Plainfield-New 13 $235,000-$659,900

The photo above shows the other communities that had activity this week.  You can see why it is an awesome time to be a seller.  There is no real competition.

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

Median price of new listings of single family homes this week is $345,000, last week $375,000.

Closed this week median price is $341,000, last week $344,000.

Stats for February 12 2022
Stats for February 12 2022

Conventional financing was used to close 73 single family homes this week at a median price of $387,000, last week 113 homes at median price of $381,000.

Conventional financing used February 12 2022
Conventional financing used February 12 2022

Cash was used to close 15 homes this week at a median price of $284,500, last week 23 at a median price of $281,615.

Cash used February 12 2022
Cash used February 12 2022

FHA financing was used to close 16 homes this week at a median price of $262,500, last week 22 homes at a median price of $306,000.

FHA financing used February 12 2022
FHA financing used February 12 2022

VA financing was used to close 3 single family homes this week at median price of $290,000, last week 6 homes at  median price of $301,500.

VA financing used February 12 2022
VA financing used February 12 2022

The type of financing you use became a big deal in 2021.  There were so many multiple offer situations seller’s had a choice of which offer to accept, and of course, cash always came first.  Not everyone has cash to purchase so Conventional was their next choice.  It was hard for buyer’s to understand this at first.  We would tell them to also get pre approved for Conventional when they would show us that they were pre approved for FHA.

58 single family homes closed that were 2,000 square feet or more this week at a median price of $422,495, last week 98 closed at median price of $426,000.  The minimum price that closed this week was $152,000, last week it was $85,000.

2000 SF or more February 12 2022
2000 SF or more February 12 2022

More square feet became very important after the pandemic hit.  So many people were working from home and needed a home office or just extra space in general.

Contracts accepted this week

Fox Valley home prices February 12 2022-Contracts accepted this week

Contracts accepted on single family homes were consistent.  176 this week compared to 170 the previous week.

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

Aurora-29                       Bolingbrook-13

Naperville-24                  Oswego-11

Plainfield-26                   St Charles-13

2 short sales were accepted by seller’s.  1 each in Bolingbrook and Naperville.  Now they will be submitted to the lender to see if they will also accept.

A seller accepted a contract that is contingent on the buyer closing on their current home.  1 with a kick-out clause of 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 hours, 48 hours and 24 hours.

The median price of single family  homes that went under contract this week was $379,000 with an average market time of 40 days, last week the median price was $349,900 with an average days on market also 40 days.

Contingent Stats February 12 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February        223         271                346

Check back with us every Saturday.  At the end of each month we will also show you 2021 and 2020 so you can see how this year compares.

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.

Request a home valuation if you are thinking about selling your home. We will let you know how much it is worth in today’s market.  Also, we will provide you with a net proceeds that shows you an estimate of the 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 call a loan officer and get pre approved.  Get them all your financial documents so they can put it through underwriting so when you find a home all you will need to wait for is the appraisal and title update.

Resources

Types of loans 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 rates they will offer you.  It depends on your credit score.  They will help you if you need to bring up your score.

Let us know what other information you are looking for.  We would be happy to get it to you or point you in the right direction.

All data provided is from our MLS MRED, LLC.  This is from the data I downloaded this morning.  It changes all the time in real time.

Fox Valley home prices February 12 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

Fox Valley home prices February 5 2022

ox Valley home prices February 5 2022

Fox valley home prices February 5 2022.  The tight market continues.  It is like a broken record.  New listings this week 113, last week 112.  Almost identical

Closed listings this week were up.  164 this week compared to 121 the previous week.  They will 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 12 $179,000-$483,600

            Closed 40 $85,000-$569,500

Bolingbrook-New 11 $229,500-$635,000

                    Closed-14 $235,000-540,000

Naperville-New 20 $299,900-$2,200,000

                 Closed-22 $330,000-$1,780,000

Plainfield-New 14 $290,000-$969,000

                Closed-24 $251,000-$695,000

St Charles-New 17 $175,000-$1,700,000

                  Closed-8 $213,000-$560,000

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

Listings this week had a median price of $375,000, last week $329,900.

Closed homes had a median price of $344,000. last week $325,000.

Stats 020522
Stats February 5 2022

Conventional financing was used to close 113 homes at median price of $381,000, last week 74 homes at median price of $344,000.

Conv 020522
Conventional financing used this week

Cash was used to close 23 homes at a median price of $281,615, last week 18 at median price of $197,750.

Cash 020522
Cash used for the week February 5 2022

FHA financing was used to close 22 homes at median price of $306,000, last week 18 homes at median price of $250,000.

FHA 020522
FHA financing used the week of February 5 2022

VA financing was used to close 6 homes this week at a median price of $301,500, last week 11 at a median price of $387,000.

VA 020522
VA financing used the week of February 5 2022

The pandemic has changed what people are looking for in a home.  So many are now working from home and need more space for a home office or just have learned that they need more space.  This week 98 homes closed that were 2,000 square feet or more at a median price of $426,000, last week 59 homes closed at a median price of $394,990.  The minimum price of 2,000 square feet or more closed this week at a price of $85,000, last week $185,300.

Things change from day to day so you have to keep a close eye everyday for  the right home to hit the market and be ready.

Contracts accepted this week

Contracts accepted this week were not too far off the week before.  170 this week compared to 178 the week before.  That is pretty consistent.

Fox Valley home prices February 5 2022-Contracts accepted this week

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

Aurora-27                      Bolingbrook-14

Geneva-10                      Naperville-20

Oswego-14                     Plainfield-20

St Charles-13                 Yorkville-10

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

The median list price of a single family home this week that a contract was accepted was $349,900 and the average days on market 40 days, lat week it was $378,587 with average days on market 44 days.

Stats Contingent 020522
Contingent Stats February 5 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February         113          164               170

Check back with us every Saturday for the real estate market update.  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 compared to those 2 years.

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.

Get yourself in the best position by contacting a loan officer and getting them all your financial documents so they can get you pre approved and put you through the underwriting process so you are ready to go.  When you find the home you like, you will not have to wait and possibly lose out on a home.

Request a home valuation if you are thinking about moving and selling your home.  Tell us a little bit about your home and what has been updated recently.  We will let you know what it is worth in today’s market.  You will also be provided a net proceeds that shows you the 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.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates ( ask your loan officer what rate they are offering.  It depends on your credit score)

Down payment assistance

IHDA programs

Let us know what other information you are looking for so we can point you in the right direction.

All data used is form our MLS MRED, LLC.

Fox Valley home prices February 5 2022.  Have a great 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

Search for a home today!

Kriss New profile for FB 123121