Fox Valley home prices March 4th

Best Homes Fox Valley Home Prices Header

Fox Valley home prices March 4th.  We just missed a big snow storm luckily.  It went to the south and east of us.  Temperatures are hovering around 40°.  Monday will be the exception, it will be 60°, then back to the 40’s.

New listings this week were consistent.  127 this week compared to 120 the previous week.

Closed listings were up.  144 this week compared to 103 the previous week.

Fox Valley home prices March 4th

Aurora-New 17 $127,000-$579,900

             Closed-19 $185,200-$615,000

Naperville-New 26 $339,900-$1,350,000

                   Closed-22 $375,770-$1,800,000

Oswego-New 11 $275,000-$625,000

               Closed-11 $215,000-$623,000

St Charles-New 6 $449,800-$1,300,000

                  Closed-11 $215,000-$650,000

We highlighted the communities with the most activity.  Click on the photo above to see activity in other communities and the price ranges.

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

Median list price this week $400,000, last week it was exactly the same $400,000.

Closed median price this week $374,495, last week $385,000.

Stats 030423
Stats for week ending March 4th

Conventional financing was used to close on 99 homes this week with a median price $401,000 with 50 days average market time, last week 70 homes at median price $386,500 with 46 days average market time.

Conv 030423
Conventional financing used to close for week ending March 4th

Cash was used to close on 16 homes this week with a median price $355,000 with 36 days average market time, last week 13 homes at median price $415,000 with 45 days average market time.

Cash 030423
Cash used to close for week ending March 4th

FHA financing was used to close on 21 homes this week at median price $300,000 with 77 days average market time, last week 12 homes at median price $299,500 with 70 days average market time.

FHA 030423
FHA financing used to close for week ending March 4th

VA financing was used to close on 6 homes this week at median price $346,500 with 62 days average market time, last week 8 homes at median price $465,000 with 46 days average market time.

VA 030423
VA financing used to close for week ending March 4th

2,000 square feet or more closed on 86 homes this week at median price 432,950 with 55 days average market time, last week 63 homes at median price $450,000 with 58 days average market time.  Minimum price this week $168,000, last week $245,000.

2000 SF or more 030423
2,000 SF or more closed for week ending March 4th

Conventional financing continues to be the financing to get accepted at just slightly over 68% of homes closed.

Almost 60% of homes closed are 2,000 SF or more in the Fox Valley area.

Under contract this week

Homes that went under contract this week are down.  147 this week compared to 166 the previous week.

Fox Valley home prices March 4th-Under contract this week

Aurora-22                          Bolingbrook-11

Naperville-17                     Plainfield-25

St Charles-10

Click on the photo above to see the other communities that also had homes go under contract this week.

1 short sale was accepted by a seller this week.  It was in Minooka.  Now it will go 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 72 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, 1 with 48 hours, and also 1 with 24 hours.

Median price of homes under contract this week $399,000 with 55 days average market time, last week median price $377,400 with 45 days average market time.

Under contract this week 020423
Under contract for week ending March 4th

2023 by the month and a look back at 2022 and 2021

2023

Month               New   Closed   Under contract

January              483        326           470

February            630        526           789

Totals                1113         852         1259

2022

January              422        492           626

February            523        520           724

Totals                945        1012         1350

2021

January              543        649           829

February            561        604            778

Totals               1104       1253           1607

There were only 2 days this week that were in February.  I decided to carry it over just in case they were the busiest 2 days of the week.

You will see that the number will steadily go up each month.  Get with your loan officer to get approval before you miss out on your dream home.  This needs to go with an offer.  The seller will not accept without it in most cases, unless you have cash, and then you will need a letter from your bank showing that you have the funds available.

Check back with us every Saturday for the Fox Valley home prices.

Resources

Click on each bullet point to take you to the site for the information.  If you are looking for any other information not list let us know and we will point you in the right direction.

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

All data is provided from our MLS, MRED, LLC.  It changes continuously 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 March 4th.  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

Kriss Picture 012819 3 Thumb nail

Fox Valley  home prices January 28th

Best Homes Fox Valley Home Prices Header

Fox Valley home prices January 28th.  Winter has finally arrived in the Fox Valley this week.  It has been snowing for the last 3 days.  Not too much, just enough to cover the ground.

New listings this week are slightly down.  127 this week compared to 134 the previous week.

Closed listings this week are much higher.  98 this week compared to 69 the previous week.

Fox Valley home prices January 28th

Aurora-New 15 $149,900-$640,517

             Closed-21 $130,000-$642,900

Elburn-New 10 $395,000-$1,295,000

            Closed-2 $380,000-$415,000

Naperville-New 18 $300,000-$1,100,000

                   Closed-18 $280,000-$1,100,000

Oswego-New 10 $215,000-$475,000

               Closed-3 $400,000-$500,000

Plainfield-New 24 $279,900-$875,000

                  Closed-7 $309,500-$649,285

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

Median list price this week $399,990, last week $389,990.

Closed median price this week $387,950, last week $335,000.

Fox Valley home prices January 28th-Stats
Fox Valley home prices January 28th-Stats

Conventional financing was used to close on 72 homes this week at median price $429,250 with 45 days average market time, last week 48 homes at median price $346,265 with 57 days average market time.

Conventional financing used to close for week ending January 28th
Conventional financing used to close for week ending January 28th

Cash was used to close on 14 homes this week at median price $304,762 with 40 days average market time, last week 10 homes at median price $309,000 with 40 days average market time.

Cash used to close for week ending January 28th
Cash used to close for week ending January 28th

FHA financing was used to close on 10 homes this week at median price $328,795 with 91 days average market time, last week 9 homes at median price $269,900 with 39 days average market time.

FHA financing used to close for week ending January 28th
FHA financing used to close for week ending January 28th

VA financing was used to close on 3 homes this week at median price $433,500 with 64 days average market time, last week 1 home at $450,000 with 76 days average market time.

VA financing used to close for week ending January 28th
VA financing used to close for week ending January 28th

2,000 square feet or more closed on 61 homes this week at median price $480,000 with 62 days average market time, last week 34 homes at median price $470,500 with 41 days average market time.  Minimum price this week $309,500, last week $286,000.

2,000 SF or more closed for week ending January 28th
2,000 SF or more closed for week ending January 28th

Conventional financing continues to be the best choice for financing.

Homes are staying on the market longer than they were, but if they are priced right, and in great condition they are still selling quickly.  Fresh paint, deep cleaning, and getting rid of the clutter is your best bet for getting it sold right away.  It makes it easier to be ready for showings and more appealing for buyers. 

Homes under contract this week

Homes under contract this week are up.  158 this week compared to 122 the previous week.

Fox Valley home prices January 28th-homes under contract this week

Aurora-23                           Bolingbrook-12

Naperville-26                     Plainfield-17

Yorkville-10

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

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

Median price of homes under contract this week $387,450 with 68 days average market time, last week median price $379,900 with 64 days average market time.

Under contract this week 012823
Under contract for week ending January 28th

2023 by the month and a look back at 2022 and 2021

2023

Month              New   Closed   Under contract

January             483      326          470

2022

Month              New   Closed   Under contract

January             422      492          623

2021

January             543      649          829

We did better than 2022 for New listings but below 2021.  Closed and under contract are way behind 2022 and 2021.  Hopefully we will continue to be ahead of last year for New listings.   That will help to stabilize pricing.

Resources

Click on each of the bullet points that are bold and underlined to 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 interest rate you will be offered.  It depends on your credit score and other things that your loan officer will explain to you.  They can also help you bring up your score if you need to.

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

Contact us 

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

Fox Valley home prices January 28th.  Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Kriss Picture 012819 3 Thumb nail

Fox Valley home prices December 17th

Best Homes Fox Valley Home Prices Header

Fox Valley home prices December 17th.   Things have really slowed down the closer we get to the holidays.

We will let you know how many new listings, closed listings, contracts accepted, 2022 by the month, median prices, and financing used to close.

New listings this week were slow but consistent.  86 this week compared to 82 the previous week.

Closed listings were consistent also.  129 this week compared to 132 the previous week.

Fox Valley home prices December 17th

Aurora-New 17 $199,999-$1,300,000

             Closed-20 $134,500-$716,125

Naperville-New 9 $425,000-$1,155,000

                   Closed-17 $400,000-$1,625,000

Plainfield-New 17 $284,900-$725,003

                 Closed-21 $231,500-$682,800

St Charles-New 5 $495,000-$975,000

                  Closed-11 $250,000-$813,655

Other communities had activity this week.  Look at the photo above to see.  We just highlight the ones with the most activity.

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

Median list price this week $385,000, last week $404,450.

Closed median price this week $357,000, last week $385,500.

Stats 121722
Stats for week ending December 17th

Conventional financing was used to close on 91 homes this week ate median price $365,000 with 38 days average market time, last week 86 homes at median price $404,500 with 37 days average market time.

Conv 121722
Conventional financing used to close for week ending December 17th

Cash was used to close on 21 homes this week at median price $385,000 with 45 days average market time, last week 25 homes at median price $451,900 with 30 days average market time.

Cash 121722
Cash used to close for week ending December 17th

FHA financing was used to close on 10 homes at median price $326,250 with 41 days average market time, last week 15 homes at median price $287,900 with 39 days average market time.

FHA 121722
FHA financing used to close for week ending December 17th

VA financing was used to close on 3 homes at median price $360,000 with 51 days average market time, last week 5 homes at median price $330,000 with 42 days average market time.

VA 121722
VA financing used to close for week ending December 17th

2,000 SF or more closed on 75 homes at median price $450,000 with 45 days average market time, last week 81 homes at median price $475,000 with 37 days average market time.  Minimum price this week $50,000, last week $249,900.

2000 SF or more 121722
2,000 SF or more closed for week ending December 17th

Conventional financing is still the most used financing to close.

Contracts accepted this week

Contracts accepted this week were consistent.  89 this week compared to 94 the previous week.

Fox Valley home prices December 17th-Contracts accepted this week

Aurora-16                         Naperville-16

Look at the photo above for the other communities seller’s accepted contracts.

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

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.  2 with a kick-out clause of 72 hours.

Median price of homes that went under contract this week $379,900 with 56 days average market time, last week $355,745 with 114 days average market time.

Contingent Stats 121722
Contract accepted stats for week ending December 17th

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              168         261            183

Totals                  9388      9620          9732

Couple more weeks left for 2022.  New Years Eve we will show you 2021 and 2020 so you can compare the 3 years.

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

Resources

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

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

If there is other information that you are looking for and can’t find it, let us know, and we will point you in the right direction.

We invite you to connect with us onFacebook.  If you click on the “shop now” button you can also search for homes there anytime you like.

All data provided is from our MLS, MRED, LLC.  The data changes continuously throughout the day as agents upload their 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 17th.  Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Kriss Picture 012819 3 Thumb nail

Fox Valley home prices July 30th

Fox Valley Home Prices April 23

Fox Valley home prices July 30th.  I hope you had a great week!  We are back to update you on the new listings, closed, contracts accepted, median prices, financing used, and 2022 by the month with a  look back at 2021 and 2020.

New listings this week were down.  218 this week compared to 277 the previous week.  Many are getting vacations in before school starts.

Closed listings this week are up.  271 this week compared to 241 the previous week.  The end of the month is when most buyers want to close.

Fox Valley home prices July 30th

Aurora-New 34 $165,000-$575,000

            Closed-35 $110,000-$625,000

Batavia-New 4 $305,000-$445,000

             Closed-12 $167,000-$969,900

Bolingbrook-New 15 $249,900-$649,000

                    Closed-21 $208,000-$640,000

Geneva-New 14 $370,000-$1,795,000

             Closed-15 $295,000-$1,775,000

Montgomery-New 6 $244,900-$399,000

                     Closed-10 $186,000-$365,000

Naperville-New 31 $385,000-$3,500,000

                  Closed-45 $359,900-$1,700,000

Oswego-New 13 $270,000-$620,000

              Closed-13 $280,000-$600,000

Plainfield-New 35 $194,900-$625,000

                Closed-35 $180,000-$1,069,527

St Charles-New 10 $300,000-$725,000

                  Closed-18 $230,000-$715,000

West Chicago-New 13 $185,000-$575,000

                       Closed-12 $275,000-$590,000

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

Median list price this week $389,900, last week $400,000

Closed median price this week $395,000, last week $405,200.

Stats 073022
Stats for week ending July 30th

Conventional financing was used to close on 193 homes this week at a median price $416,000 with 31 days average market time, last week 175 homes at median price $430,000 with 20 days average market time.

Conv 073022
Conventional financing used to close for week ending July 30th

Cash was used to close on 34 homes this week at median price $451,551 with 21 days average market time, last week 24 homes at median price $396,000 with 39 days average market time.

Cash 073022
Cash used to close for week ending July 30th

FHA financing was used to close on 37 homes this week at median price $269,000 with 18 days average market time, last week 28 homes at median price $317,500 with 13 days average market time.

FHA 073022
FHA financing was used to close for week ending July 30th

VA financing was used to close on 5 homes this week at median price $365,000 with 4 days average market time, last week 13 homes at median price $399,900 with 16 days average market time.

VA 073022
VA financing used to close for week ending July 30th

Homes that were at least 2,000 square feet or more closed on 156 homes at median price $507,450 with 29 days average market time, last week 157 homes at median price $498,000 with 18 days average market time. Minimum price this week $285,000, last week $299,000.

2000 SF or more 073022
Homes that were at least 2,000 SF or more for week ending July 30th

Contracts accepted this week

Contracts accepted this week were down.  226 this week compared to 245 the previous week.

Fox Valley home prices July 30th-Contracts accepted this week

Aurora-28                           Bolingbrook-16

Geneva-12                           Montgomery-12

Naperville-28                      Oswego-11

Plainfield-32                       St Charles-17

Sycamore-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.  4 with a kick-out clause of 72 hours, 1 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.  5 with a kick-out clause of 48 hours.

Median list price of homes that went under contract this week $373,450 with 31 days average market time, last week median list price $385,000 with 33 days average market time.

Contingent Stats 073022
Contingent stats for week ending July 30th

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               995        932                  908

Totals      6238    6116           6519

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

Totals      6759    7434           8619

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

Totals      8207     5959          8566

You can see how the new listings are less every year for the last 3 years.  That explains the price increases.  Check back with us every Saturday for the Fox Valley area of Illinois home prices.

Resources

Everything that is underlined and bold click on to go to the site for the information.  If there is information that you are looking for not listed below 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 work on your score your loan officer can help you with that.

Getting approved for a loan before you even start looking is smart.  Find a lender that will put you through underwriting to get you approved.  You will be more confident in looking and will not be chewing your finger nails waiting to be approved a week before closing.

All data is downloaded this morning from our MLS.  MRED, LLC.  It is continuously updated throughout the day as agents enter information.

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 will guide you through the process.

Fox Valley home prices July 30th.  Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kriss New profile for FB 123121

Fox Valley home prices June 18

Fox Valley Home Prices April 23

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

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

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

Fox Valley home prices June 18

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 061822
Stats for week ending June 18

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

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

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

Cash 061822
Cash used to close for week ending June 18

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

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

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

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

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

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

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

Contracts accepted this week

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

Fox Valley home prices June 18-Contracts accepted this week

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

Aurora-37                            Bolingbrook-20

Naperville-39                      Oswego-12

Plainfield-43                       St Charles-22

West Chicago-12                 Yorkville-10

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

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

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

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

Contingent Stats 061822
Contingent Stats for week ending June 18

2022 by the month

Month                              New   Closed   Contracts accepted

January                            422        492            623

February                          523        520            724

March                               734       904            890

April                                1168       966           1334

May                                 1101       893            806

June                                  793       841             753

Totals                              4741     4616           5130

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

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

Resources

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

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

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

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

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

Contact us

Call us at 630503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

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

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

Fox Valley home prices June 18.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices October 30 2021

Fox Valley home price October 30 2021

Fox Valley home prices October 30 2021.  New listings of single family homes are down.  152 this week compared to 187 the week before.  This is so extremely low.

Closed listings of single family homes are up.  292 this week compared to 245 the week before.  This is the last full week of the month so it is expected to be higher.

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

Aurora-New 19 $135,000-$875,000

            Closed-40 $134,900-$690,000

Bolingbrook-New 5 $215,000-$345,000

                    Closed-18 $209,000-$486,500

Geneva-New 6 $264,900-$555,000

             Closed-10 $225,000-$675,000

Montgomery-New 8 $189,900-$310,000

                     Closed-12 $165,000-$360,000

Naperville-New 20 $194,500-$1,199,900

                 Closed-45 $278,000-$2,050,000

Oswego-New 10 $230,000-$425,000

              Closed-24 $249,000-$730,000

Plainfield-New 16 $269,900-$565,000

                Closed-38 $263,000-$875,000

St Charles-New 13 $179,900-$895,000

                  Closed-21 $99,900-$1,025,958

West Chicago-New 7 $259,900-$515,000

                       Closed-12 $210,000-$565,000

Yorkville-New 6 $319,900-$554,900

               Closed-17 $195,000-$565,000

It is normal for things to slow down after school starts and into the holiday months.   Homes do go on the market all year though. 

Buyers that had a hard time getting their offer accepted during the months of multiple offers, are still trying to find a home.

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

Median list price this week $339,000, last week $349,000.  Median closed price this week 292 at $340,000, last week 245 at $341,500.  We are keeping an eye on this to look for significant changes. 

 

Fox Valley home prices October 30 2021-Stats
Stats this week

Financing became a bigger deal earlier this year when we started receiving multiple offers.  When you are a seller looking at multiple offers you want to choose the offer that is most likely to go through with the least possible issues. 

FHA used to be very popular. Loan officers more likely than not used to do a pre qualification for a FHA loan.  We had to get them to change that, and start doing Conventional financing, because that is what most seller’s were accepting.

Conventional Closed this week 212 with a median price $365,000, last week 168 at $371,829.

Cash closed this week 34 with a median price of #327,450, last week 41 at $278,000.

Fox Valley home prices October 30 2021-Conventional and Cash
Conventional and Cash

FHA closed this week 34 with a median price of $285,800, last week 41 at $278,000.

VA closed this week 10 with median price of $319,500, last week 8 at $381,000

Fox Valley home prices October 30 2021-FHA and VA
FHA and VA

Buyer’s with the pandemic have been looking for larger homes.  More bedrooms, family room, home offices and larger yards.  We decided to add 2,000 or more square feet to show how many homes sold in this category and what the prices are.

2,000 or more square feet closed this week 167 at a median price of $416,500, last week 134 at $414,000.  Minimum price closed this week at $209,100, last week $291,000.  This gives you an idea of what buyer’s are paying for more square footage here in the Fox Valley.

 

Fox Valley home prices October 30 2021-2000 or more SF
2000 or more square feet

Contracts accepted this week

Contracts accepted this week are down.  218 this week compared to 223 the week before.  Inventory is down so this is to be expected.  That is still more than the new listings last week.

Fox Valley home prices-Contracts accepted this week

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

Aurora-37                     Bolingbrook-15

Montgomery-10             Naperville-37

Plainfield-30                 St Charles-10

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

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

2021 by the month in the Fox Valley and a look back at 2020 and 2019

2021

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

Totals       9666      11021        11970

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

Totals      11263       9913         12664  

2019

January           878            407                  568

February        1032            463                  832

March            1731             915                 1375

April              1594             792                1307

May               1645             995                1280

June              1643           1253                 1218

July               1423           1008                 1090

August           1585           1330                 1196

September     1164             765                  869

October         1041             738                  776

Totals      13736       8666         10511

Even with the least new listings 2021 saw the most closed homes in the last 3 years.

Look at the difference in 2019 with new listings to closed homes. 5070  more new listings than closed.  We saw it tighten up in 2020.  1,350 more new listings than closed homes.  In 2021 it flipped.  1,355 more homes closed than new listings.  They were carried over from 2020.

You can see why prices have increased with this tight of a market.  Some of those new listings were relisted as new even though they were not new.  If you just look at the closed column we increased each year. 

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.  Give us some details about your home and what has been recently updated.

Are you thinking about buying a home?  You will need to get all your fianancial information together and get it to a loan officer to get you pre approved.  Then you will be ready to go and start looking.

Resources

Check with your loan officer for current rates and find out what rate you might get based on your credit report.  You might need some time to improve your credit to get a better rate.

If you need recommendations for loan officer, real estate attorney or home inspectors we can provide a few of each for you to contact and decide who you would like to work with.

All data used was from our MLS MRED, LLC.

Fox Valley home prices October 30 2021.  Have a fantastic week!  Let us know how we can help you.

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

Kristine Heiman, Designated Managing Broker