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