Fox Valley home prices August 12th

Posted on August 12, 2023August 12, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices August 12th

Fox Valley home prices August 12th. It looks like a roller coaster with temps for the next couple of weeks. Highs range from 70-88 during the day and lows from 53-72 at night. Possible rain on Monday.

New listings are pretty consistent. 179 this week compared to 185 the previous week.

Closed listings are down. 176 this week compared to 211 the previous week.

Aurora-New 28 $187,500-$575,000

Closed-22 $127,500-$955,000

Bolingbrook-New 14 $255,000-$525,000

Closed-12 $233,000-$910,000

Naperville-New 38 $299,000-$2,999,995

Closed-29 $270,000-$1,700,000

Plainfield-New 18 $324,900-$845,000

Closed-25 $245,000-$1,117,561

St Charles-New 9 $275,000-$659,000

Closed-22 $150,000-$1,317,000

Yorkville-New 12 $275,000-$519,990

Closed-12 $305,000-$915,000

These are the communities with the most activity this week. Click on the photo above to see the price ranges of other communities that also had activity.

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

Median list price this week is the same as last week $449,900.

Closed listings this week $449,945, last week $442,000.

First week of this year for week ending January 7th median list price was $399,900 and median closed price was $368,000. What a difference!

Stats 081223 — Stats for week ending August 12th

Conventional financing was used to close on 136 homes this week at median price $449,995 with 29 days average market time, last week 152 homes at median price $460,000 with 27 days average market time.

Conv 081223 — Conventional financing used to close for week ending August 12th

Cash was used to close on 25 homes this week at median price $500,000 with 15 days average market time, last week 34 homes at median price $414,000 with 22 days average market time.

Cash 081223 — Cash used to close for week ending August 12th

FHA financing was used to close on 8 homes this week at median price $367,500 with 39 days average market time, last week 18 homes at median price $368,950 with 9 days average market time.

FHA 081223 — FHA financing used to close for week ending August 12th

VA financing was used to close on 7 homes this week at median price $419,900 with 49 days average market time, last week 6 homes at median price $347, 500 with 43 days average market time.

VA 081223 — VA financing used to close for week ending August 12th

2,000 square feet or more closed on 116 homes this week at median price $532,500 with 31 days average market time, last week 145 homes at median price $515,000 with 27 days average market time. Minimum price this week $233,000, last week $245,000.

2000 SF or more 081223 — 2,000 SF or more closed for week ending August 12th

Under contract this week

Homes under contract this week are consistent. 186 this week compared to 194 the previous week.

Aurora-35 Naperville-28

Plainfield-24 St Charles-13

Yorkville-11

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. 1 with a kick-out clause of 72 hours, 1 with 48 hours, and 4 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 72 hours.

Median price of homes under contract this week $419,900 with 36 days average market time, last week $389,900 with 30 days average market time.

Under contract 081223 — Under contract median price for week ending August 12th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

June 1030 1059 926

July 765 745 805

August 364 387 380

Totals 5272 4821 5667

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 2022 and 2021 so you have something to compare to.

Resources

Click on everything that is bold and underlined to take you to the site for the information. If you are looking for other information not here let us know. We will point you in the right direction.

If you are wanting to know what your home is worth in today’s market request a home valuation and we will also provide you with a net proceeds that shows you and estimate of expenses to sell. Many factors go into this so we will update you when an offer comes in and we know all the terms agreed to.

You can sign-up for email alerts if you want to be informed when a listing comes up with the criteria you are looking for. You can also keep track of your neighborhood prices.

Search for a home anytime you like.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices August 12th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices December 31st

Posted on January 1, 2023January 1, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 31st

Fox Valley home prices December 31st. Happy New Year’s Eve! If a home is in your plans for 2023, we would love to help you.

The holidays have really slowed things down. We hope it will start picking up soon in the new year.

We will show you how many new listings, closed, under contract, median prices, financing used, and 2022 by the month and also show you activity in 2021 and 2020 so you can see how this year compared.

New listings this week were down. 44 this week compared to 45 the previous week. Consistent, but way down.

Closed listings this week were also down. 128 this week compared to 135 the previous week.

Aurora-New 10 $168,900-$364,900

Closed-23 $103,100-$625,000

Naperville-New 1 $1,375,000

Closed-17 $349,000-$800,000

Plainfield-New 5 $239,900-$489,809

Closed-23 $213,000-$603,175

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

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

Median list price this week $350,000, last week $359,945.

Closed median price this week $368,750, last week $346,000.

Stats 123122 — Stats for week ending December 31st

Conventional financing was used to close on 85 homes this week at median price $379,990 with 58 days average market time, last week 90 homes at median price $365,000 with 45 days average market time.

Conv 123122 — Conventional financing used to close for week ending December 31st

Cash was used to close on 21 homes this week at median price $467,500 with 65 days average market time, last week 22 homes at median price $265,000 with 63 days average market time.

Cash 123122 — Cash used to close for week ending December 31st

FHA financing was used to close on 15 homes this week at median price $311,000 with 24 average market time, last week 16 homes at median price $318,000 with 32 days average market time.

FHA 123122 — FHA financing used to close for week ending December 31st

VA financing was used to close on 6 homes at median price $467,000 with 57 days average market time, last week also 6 homes at median price $319,950 with 38 days average market time.

VA 123122 — VA financing used to close for week ending December 31st

2,000 square feet or more closed on 68 homes at median price $447,170 with 73 days average market time, last week 77 homes at median price $430,000 with 48 days average market time. Minimum price this week $240,000, last week $275,000.

2000 SF or more 123122 — 2,000 SF or more closed for week ending December 31st

Contracts accepted this week

Contracts accepted by seller’s this week are down. 51 this week compared to 88 the previous week.

Plainfield had 7 and Aurora, Batavia, and Bolingbrook had 6.

No short sales were accepted this week.

No contracts were accepted with contingencies on a home close or a home sale and closing this week.

Median price of homes that went under contract this week $385,000 with 62 average market time, last week the median price $349,000 with 48 days average market time.

Contingent Stats 123122 — Median price of homes under contract for week ending December 31st

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 893 806

June 1295 1409 1234

July 955 932 908

August 1019 1134 1062

September 730 733 698

October 699 612 646

November 574 764 624

December 257 524 322

Totals 9477 9883 9871

2021

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 349 1044 652

Totals 10572 12919 13553

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 513 971 783

Totals 12343 11869 14146

From 2020 to 2022 look at the difference in the amount of new listings.

Resources

Click on everything that is bold and underlined to take you to the site for the information.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and other things that they will explain to you.

If you are thinking about buying a home this year you will want to get the process started to get your loan approved so you know that no issues will come up at the last minute. You will be in a better position to get your offer excepted. This is not just talking to a loan officer over the phone. This is getting all your information to them.

All data used was downloaded yesterday from our MLS, MRED, LLC. I didn’t get the chance to finish this until today.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices December 31st. Happy New Year!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices December 10th

Posted on December 10, 2022December 11, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 10th

Fox Valley home prices December 10th. Weather has been great so far for December. Forecaster’s are saying we should be in the 40’s all week.

We will update you on what happened this last week on new listings, closed listings, contracts accepted, median prices, financing used, and 2022 by the month. Provide you with some resources to checkout.

New listing this week are down. 82 this week compared to 105 the previous week.

Closed listings are also down. 132 this week compared to 177 the previous week.

Aurora-New 13 $149,900-$722,731

Closed-14 $185,000-$626,002

Bolingbrook-New 5 $235,000-$399,000

Closed-16 $208,500-$836,659

Naperville-New 15 $409,000-$1,650,000

Closed-14 $432,000-$788,536

Plainfield-New 7 $350,000-$859,900

Closed-17 $222,000-$844,500

St Charles-New 4 $574,800-$1,275,000

Closed-11 $200,000-$1,125,000

Yorkville-New 3 $320,000-$354,990

Closed-11 $275,000-$800,000

Take a look at the picture above to see the other communities that had activity this week.

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

Median list price this week $404,450, last week $392,495.

Closed median price this week $385,500, last week $380,000.

Stats 121022 — Stats for week ending December 10th

Conventional financing was used to close on 86 homes this week at median price $404,500 with 37 days average market time, last week 122 homes at median price $407,500 with 45 days average market time.

Conv 121022 — Conventional financing used to close for week ending December 10th

Cash was used to close on 25 homes this week at median price $451,900 with 30 days average market time, last week 22 homes with median price $352,250 with 34 days average market time.

Cash 121022 — Cash used to close for week ending December 10th

FHA financing was used to close on 15 homes this week at median price $287,900 with 39 days average market time, last week 27 homes at median price $310,556 with 41 days average market time.

FHA 121022 — FHA financing used to close for week ending December 10th

VA financing was used to close on 5 homes at median price $330,000 with 42 days average market time, last week also 5 homes at median price $438,000 with 23 days average market time.

VA 121022 — VA financing used to close for week ending December 10th

2,000 square feet or more closed on 81 homes at median price $475,000 with 37 days average market time, last week 103 homes at median price $471,845 with 49 days average market time. Minimum price this week $249,900, last week $240,000.

2000 SF or more 121022 — 2,000 SF or more homes closed for week ending December 10th

Contracts accepted this week

Contracts accepted this week are down. 94 this week compared to 112 the previous week.

Aurora-17 Naperville-15

Plainfield-11

Look at the picture above for contracts accepted in other communities.

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 3 with 48 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 1 with 24 hours.

Median price of homes that went under contract this week $355,745 with 114 days average market time, last week the median price $349,900 with 64 days average market time.

Contingent Stats 121022 — Median price of contracts accepted for week ending December 10th

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 1295 1409 1234

July 955 932 908

August 1019 1134 1062

September 730 733 698

October 699 612 646

November 574 764 624

December 82 132 94

Totals 9302 9491 9643

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 show you 2021 and 2020 so you can see how this year is doing. This month will close out the year. We are looking forward to 2023.

Resources

Click on everything that is bold and underlined to go to the site for the information.

Check with your loan officer for the interest rate you will be offered. It depends on your credit score and other things that they will explain to you.

Look for our page on Facebook and you will be able to search for homes there anytime by clicking on the “shop now” button.

All data was downloaded this morning from our MLS, MRED, LLC. The data changes throughout the day as agents upload information.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices December 10th. Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60543

630-503-6555 Ext 101

Fox Valley home prices June 4

Posted on June 5, 2022June 5, 2022 by Kristine Heiman, Designated Managing Broker

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.

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.

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.

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!

Fox Valley home prices May 28

Posted on May 28, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 28

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.

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.

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!

Fox Valley home prices May 14

Posted on May 14, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 14

Fox Valley home prices May 14. New listings were up significantly. 296 this week compared to 255 the previous week.

Closed listings this week were down. 182 this week compared to 241 the previous week.

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

Aurora-New 40 $135,000-$799,900

Closed-23 $168,000-$810,500

Batavia-New 13 $220,000-$1,795,000

Closed-7 $295,000-$812,500

Bolingbrook-New 23 $169,900-$650,000

Closed-13 $315,000-$930,000

Geneva-New 12 $282,500-$779,900

Closed-5 $370,000-$875,000

Naperville-New 63 $339,800-$2,350,000

Closed-32 $330,000-$2,100,000

Oswego-New 16 $225,000-$1,390,000

Closed-8 $380,407-$568,382

Plainfield-New 32 $189,900-$1,049,900

Closed-12 $280,000-$545,000

St Charles-New 26 $135,000-$889,000

Closed-17 $285,000-$1,150,000

Yorkville-New 11 $299,900-$889,000

Closed-9 $325,000-$479,000

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

Median list price of single family homes this week $415,000, last week $414,450.

Closed median price this week $395,000, last week $400,000

I forgot to print this page and had to go back in to do it and the number changed by 1 for closed homes.

Stats 051422 — Stats for week ending May 14

Conventional financing was used to close on 124 homes this week, with a median price of $425,000, and 23 days average market time. Last week 178 homes at median price of $425,750, and 24 days average market time.

Conv 051422 — Conventional financing used for week ending May 14

Cash was used to close on 24 homes at median price of $402,500, and 17 days average market time. Last week 32 homes at median price of $390,500, and 18 days average market time.

Cash 051422 — Cash used to close for week ending May 14

FHA financing was used to close on 25 homes at median price of $300,000, and 18 days average market time. Last week 25 homes at median price of $255,000, and 24 days average market time.

FHA 051422 — FHA financing used to close for week ending May 14

VA financing was used to close on 8 homes at median price of $346,600, and 66 days average market time. Last week 5 homes at median price of $590,000, and 18 days average market time.

VA 051422 — VA financing used to close for week ending May 14

Homes that were at least 2,000 square feet or more closed on 111 this week at median price of $470,000, and 22 days average market time. Last week 144 homes at median price $496,250, and 31 days average market time. The minimum price for this week $192,000, last week $200,000.

2000 SF or more 051422 — Homes that were at least 2,000 SF or more for week ending May 14

Contracts accepted this week

Contracts accepted this week were down. 259 this week compared to 272 the previous week.

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

Aurora-44 Bolingbrook-23

Geneva-15 Naperville-44

Oswego-10 Plainfield-35

St Charles-19

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 5 with 48 hours, and 1 with 24 hours.

No contracts were accepted this week that were contingent on the buyer selling and closing on their current home.

Median price that went under contract this week $399,900, and 22 average market time. Last week was the same. Median price $399,900, and average market time 22 days.

Contingent Stats 051422 — Stats for contracts accepted for week ending May 14

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 551 423 531

Totals 3,398 3,305 4,102

Check back with us every Saturday for the real estate market update for the Fox Valley area in Illinois. At the end of each month we will also show you 2021 and 2020 so you can compare and see how this year is doing.

It is time to keep an eye on how many new listings versus closed for the month. We are starting to see more price changes.

Resources

You can click on anything that is underlined here to go to the site for the information. If there is other information that you are looking for please let us know so we can 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. If you need to improve your score they can help you.

Some lenders are offering to put you through underwriting when you start the process of wanting to buy a home. Get then all your financial information. This takes out all the guess work so you and a seller know that you are approved for a loan up to a certain price. If the home inspection goes well and the appraisal comes in at the contract price you are set to go and can close soon. Home inspections are not cheap. Why not get approved so you don’t have to worry that you are spending money on it when you don’t know if you will get approved.

Request a home valuation to see what your home is worth in today’s market. 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 an estimate of what it will cost to sell your home. This will be updated when an offer comes in and we know all the terms.

You can set up an email alert so you will receive listings as soon as they hit 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 officer, real estate attorney or home inspectors just let us know. We will provide you with a few to contact and you can decide who you would like to work with.

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

Fox Valley home prices May 14. 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 February 26 2022

Posted on February 26, 2022 by Kristine Heiman, Designated Managing Broker

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

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!

Fox Valley home prices February 19 2022

Posted on February 19, 2022 by Kristine Heiman, Designated Managing Broker

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.

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.

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.

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.

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.

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.

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

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!

Fox Valley real estate market update October 16 2021

Posted on October 16, 2021October 16, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley real estate market update October 16 2021

Fox Valley real estate market update October 16 2021. New listings of single family homes are down. 171 this week compared to 205 the week before. This is getting so extremely low. This covers 2 counties Kane and Kendall.

Closed listings of single family homes are also down. 208 this week compared to 228 the week before. We are half way through the month. This should increase in the next 2 weeks as we get closer to the end of the month.

Aurora-New 23 $194,500-$775,000

Closed-25 $158,000-$1,075,000

Bolingbrook-New 11 $204,000-$425,000

Closed-17 $180,000-$610.,000

Montgomery-New 4 $239,900-$389,999

Closed-15 $220,000-$345,900

Naperville-New 34 $310,000-$1,500,000

Closed-29 $280,000-$1,300,000

Oswego-New 12 $250,000-$659,000

Closed-11 $205,000-$442,500

Plainfield-New 20 $279,900-$510,000

Closed-28 $189,500-$590,000

St Charles-New 13 $225,000-$965,000

Closed-15 $270,000-$950,000

West Chicago-New 5 $235,000-$400,000

Closed-13 $199,900-$652,000

Aurora saw it’s first home closed over 1 million dollars this week for the year. It was in Stonebridge subdivision. Some communities we have seen this often, and others have not see one yet.

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

Median listed price this week $350,000, last week it was also $350,000.

Closed median price this week $341,000, last week it was $355,000.

Fox Valley real estate market update October 16 2021-Stats — Stats this week

Conventional financing was used on closed homes this week 131 at a median price of $376,077, last week 154 at $393,125.

Cash homes closed this week 27 at median price of $324,900, last week 28 at $259,000

Fox Valley real estate market update October 16 2021-Conv and Cash — Conventional and Cash

FHA homes closed this week 35 at median price of $282,000, last week 33 at $280,000.

VA homes closed this week 15 at median price of $349,000, last week 11 at $340,000.

Fox Valley real estate market update October 16 2021- FHA and VA — FHA and VA financing

Homes closed with 2,000 square feet or more this week 123 at a median price of $409,000, last week 131 at $420,000. Minimum price was $205,000 this week, last week $216,000.

This gives you an idea of what seller’s are accepting for financing, what types are used and the price ranges. If you are looking for a home with 2,000 square feet or more this gives you an idea of what you will have to spend to get that in the Fox Valley.

Fox Valley real estate market update contracts accepted this week

Contracts accepted this week on single family homes was down. 233 this week compared to 256 the week before. New listings have declined so this is to be expected. This does not mean there are less buyers out there. We need more listings!

Aurora–35 Bolingbrook-23

Geneva-12 Montgomery-14

Naperville-34 Oswego-18

Plainfield-27 St Charles-21

1 short sale was accepted by a seller this week on a single family home. It was in Aurora. Now it will be submitted to the lender to see if they will also accept. Prices are rising because of low inventory so a lot of sellers can sell without having to sell short. Some even walk away with money to help them move.

It is a good idea to find out what your home is worth right now. You might be able to sell too.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 48 hours.

Fox Valley real estate market update 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 376 436 489

Totals 9327 10484 11529

Sales of single family homes have been good this year despite the pandemic and a very tight market of listings. The demand for housing is not diminishing.

Check back with us every Saturday to see the 2021 by the month. At the end of each month we will also look back at 2020 and 2019 so you can compare how the market is improving.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

Getting a contract on a home is not the hard part. There are so many things to get through to get to closing. You want someone that will stay on top of things and overcome any obstacles that might pop up so you get to closing.

Appraisals are one of those obstacles that are happening right now. Prices are rising, but you need to find comparable properties to show the lender that it is worth that price. If the appraisal comes in low you will have to renegotiate or the buyer will need to bring into closing the difference in cash besides the rest of the closing costs.

Request a home valuation if you are thinking about selling your home. We will provide you with 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.

Are you thinking about buying a home? The first step is to gather all your financial information and get it to a loan officer so they can get you pre approved. They will provide you with a letter that will go with an offer when you find a home. This shows the seller that you qualify for their home. Just talking to a loan officer and giving them your information is not good enough anymore. You need to go through the extra step of getting them all your financial information.

Resources:

You can also check different sites for current interest rates. If you have a loan officer they can keep you up to date with the rates that they offer and any incentives they might have.

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

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update October 16 2021. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 38

Posted on September 25, 2021September 25, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 38

Fox Valley real estate market update week 38. New listings of single family homes were up. 233 this week compared to 202 the week before. Inventory just will not increase enough for the amount of buyers that are out there looking.

Closed listings of single family homes was down. 232 this week compared to 249 the week before. The last week of the month ends next Thursday. They should increase next week.

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

Aurora-New 44 $95,000-$495,000

Closed-32 $112,000-$479,000

Batavia-New 10 $185,000-$879,900

Closed-5 $230,000-$587,928

Bolingbrook-New 18 $250,000-$610,000

Closed-20 $160,000-$475,000

Geneva-New 11 $189,900-$475,000

Closed-5 $270,000-$588,000

Naperville-New 36 $385,000-$14,999,000

Closed-36 $260,000-$1,100,000

Oswego-New 7 $285,000-$669,999

Closed-10 $310,000-$545,000

Plainfield-New 24 $209,900-$635,900

Closed-36 $211,500-$725,000

St Charles-New 22 $135,000-$2,295,000

Closed-23 $170,000-$2,300,000

Yorkville-New 19 $179,900-$444,848

Closed-13 $180,000-$508,000

I had to go back and search Naperville for the home listed for $14,999,000 to see if it was correct. You don’t see that very often.

Financing, median price and 2,000 square foot or more

Median list price of single family homes this week was $350,000, last week $349,900.

Closed median price this week $335,000, last week $336,137.

Fox Valley Real Estate Market Update Week 38-Stats 092521 — Median list and closed price

Prices and not changing that much. They are going down in some areas but not enough to change the median prices.

Conventional financing is still the financing most seller’s are accepting. 163 closed this week compared to 183 the week before.

Cash is king but not offered as much. 25 closed this week compared to 21 the week before.

Fox Valley Real Estate Market Update Week 38-Conv and Cash — Conventional and Cash

FHA financing is not getting accepted by seller’s as much. 37 closed this week compared to 39 the week before.

4 VA deals closed this week compared to 6 the week before.

Fox Valley Real Estate Market Update Week 38-FHA and VA — FHA and VA

Single family homes closed with 2,000 square feet or more this week 131, last week 136 with a median price of $417,000 and minimum price of $165,000. This gives you an idea of size of homes closed in the Fox Valley area and prices. This is a little over half of the homes closed this week were over 2,000 square feet.

Fox Valley Real Estate Market Update Week 38-2000 SF or more — 2,000 square feet or more closed this week

Contracts accepted this week

Contracts accepted on single family homes were up. 277 this week compared to 268 the week before. It all depends on what is listed throughout the week and what location. Buyer’s are waiting on new listings to come on the market.

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

Aurora-47 Bolingbrook-22

Geneva-13 Montgomery-14

Naperville-43 Oswego-17

Plainfield-39 Yorkville-19

2 short sales were accepted by seller’s this week. 1 each in Naperville and Plainfield. Now they will be submitted to the lender to see if they will also accept. Most people that are struggling with making their payments don’t have to go the short sale route. Prices have increased enough that they can sell and break even or they might even walk away with money at closing.

Seller’s accepted contracts that are contingent on the the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 3 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. 1 each with a kick-out clause of 72, 48 and 24 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 878 1073 1003

Totals 8746 9710 10792

The reason closed are more than new listings is because of closings from deals that were accepted from previous year.. Contracts accepted are more than closed because some homes come back on the market after receiving a contract because of issue with home inspection or attorney review that didn’t get resolved. They go back on the market and receive another contract.

You can see how tight the market is. Prices will keep on increasing until inventory exceeds buyer demand.

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 your home is worth in today’s market. Provide you with 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.

Thinking about buying a home? You need to get all your financial information together and get it to a loan officer so they can get you pre approved before you start looking. They will give you a letter showing what you are pre approved for that will go with an offer when you find a home. This needs to be 30 days old or less. If it is more than that you will need them to update it.

Resources:

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

It has been a crazy market throughout this pandemic. People have not stopped the need for a home. In most cases it has made it more important.

Fox Valley real estate market update week 38. Have a great week!

Kristine Heiman, SFR. SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101