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 December 18 2021

Fox Valley home prices December 18 2021

Fox Valley home prices December 18 2021.  New listings of single family homes are down.  84 this week compared to the previous week 78.  Some improvement, but definitely not enough.

Closed listings of single family homes were up.  230 this week compared to 210 the previous week.  The next 2 weeks will not be interrupted too much with the Christmas and New year holiday since they fall on Saturday.

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

Aurora-New 12 $175,000-$544,900

            Closed-27 $100,000-$775,000

Batavia-New 2 $214,900-$239,900

             Closed-15 $189,900-$800,000

Bolingbrook-New 8 $235,000-$419,500

                    Closed-19 $200,000-$480,000

Geneva-New 2 $349,900-$899,000

             Closed-12 $275,000-$2,500,000

Montgomery-New 2 $215,000-$339,900

                     Closed-11 $170,000-$355,000

Naperville-New 11 $397,000-$1,375,000

                 Closed-30 $325,000-$1,200,000

Oswego-New 7 $315,000-$434,990

              Closed-12 $267,000-$470,000

Plainfield-New 13 $200,000-$849,000

                Closed-35 $250,000-$660,000

St Charles-New 5 $99,999-$1,179,000

                   Closed-16 $210,000-$1,449,900

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

Median list price this week $349,900, last week $347,000

Closed median price this week $357,500, last week $332,500.

Stats December 18 2021
Stats December 18 2021

Conventional financing closed this week 164 with a median price $380,000, last week 150 at $360,050 median price

Cash closed 30 with median price $332,500, last week 18 at median price $287,750.

Conventional and Cash December 18 2021
Conventional and Cash December 18 2021

FHA closed 23 with median price $279,000 this week, last week 35 at median price $287,000.

VA financing used to close 13 at median price $375,000, last week 7 at $320,000 median price.

FHA and VA December 18 2021
FHA and VA December 18 2021

2,000 square feet or more single family homes closed 143 at median price of $420,000 this week, last week 121 at $412,000.

Minimum price was $233,500 this week, last week $240,000.  This gives you an idea of pricing in the Fox Valley if you are looking for a bigger home.  You might be looking for more bedrooms, home office or family room that you do not have now.

2000 SF or more December 18 2021
2000 SF or more December 18 2021

Conventional financing is still the one seller’s are accepting right now the most.  If your loan officer has pre approved you for something else you might also have them pre approve you for Conventional financing just in case so you do not lose out on a home.

Contracts accepted this week

Fox Valley home prices December 18 2021-Contracts accepted this week

Contracts accepted this week were consistent.  143 accepted this week compared to 141 the week before.  Sales are still happening even though the new listings continue to go down.  It is a great time to be a seller right now!  You do not have to wait until Spring.

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

Aurora-36                   Bolingbrook-12

Naperville-16               Plainfield-14

St Charles-14

These are the communities that consistently have the most activity.

No short sales were accepted by seller’s this week.  Most people that are having difficulty do not have to sell short right now unless they bought their home in the last couple of years.  Prices have increased enough that most people can sell and not go through that process because there is enough equity.

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

2021 by the month

Month        New   Closed   Contracts accepted

January           543        649               829

February         561         604               778

March             993        1099             1455

April              1006         926             1387

May               1088        1288             1289

June              1450        1686             1671

July                1118         1182             1210

August           1109         1203             1170

September    1083         1411              1251

October          715          973               930

November       557          854               931

December       264          684               431

Totals      10487    12559       13332

The closed column is the most important one to look at.  These are actual numbers. 

Some of the closings were carried over from 2020.  That is why there are more closed than new listings. 

Contracts accepted column can have numbers that are counted more than once.  Some seller’s accept a contract and then they don’t make it past attorney review, home inspection or buyer does not obtain financing so they go back on the market and get another contract. 

Check back with us every Saturday for the 2021 by the month.  At the end of each month we compare to 2020 and 2019 so you can see how the year has gone and look at the pattern for when most activity occurs.

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 ahome valuation if you are thinking about selling.  Tell us about your home and what updates have been completed recently.  A net proceeds will be provided that shows you and estimate of expenses to sell.  When an offer comes in this will be updated and we can have all the terms reflected to give you better numbers.  

Thinking of buying a home?  You need to get in touch with a loan officer and provide them with all your financial information.  They will give you a letter showing how much you qualify for and what type of loan.  When you find a home this will be sent with the offer to let the seller know you do qualify for their home.

Resources:

Contact your loan officer to see what rates they are offering you based on your credit score.  They will help you if you need to bring your score up.  The better the score you have the better the rate you will be offered.

If you need recommendations for loan officer, real estate attorney or home inspector we can provide a few.  You can contact them and decide who you want to work with.

If you are on Facebook please look for me there.  You can click on the “shop now” and search anywhere in Illinois.

All data provided from our MLS, MRED, LLC.

Fox Valley home prices December 18 2021.  Have a great week.  Search for a home today!

Kristine Heiman, SRS, SFR, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker