Fox Valley home prices June 4

Fox Valley Home Prices April 23

Fox Valley home prices June 4.  I am a day late getting this posted.  All the information was downloaded yesterday though.  It has been busy.

New listings of single family homes were up.  279 this week compared to 243 the previous week.

Closed listings were also up.  306 this week compared to 252 the previous week.

Fox Valley home price June 4

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

Aurora-New 43 $179,900-$700,000

             Closed-39 $157,500-$622,000

Batavia-New 12 $199,000-$676,108

              Closed-10 $244,600-$580,000

Bolingbrook-New 16 $259,900-$495,900

                      Closed-15 $237,500-$759,000

Geneva-New 12 $229,000-$921,500

              Closed-12 $288,000-$1,081,521

Naperville-New 54 $300,000-$1,895,000

                  Closed-67 $290,000-$1,600,000

Oswego-New 11 $264,000-$2,399,000

               Closed-25 $245,000-$631,000

Plainfield-New 32 $220,000-$1,550,000

                 Closed-39 $205,000-$680,000

St Charles-New 25 $235,000-$1,000,000

                  Closed-19 $210,000-$751,000

West Chicago-New 11 $250,000-$1,500,000

                        Closed-8 $293,000-$665,000

Yorkville-New 12 $320,000-$520,000

                Closed-7 $270,000-$550,000

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

Median price this week $400,000, last week $399,999.

Closed median price this week $410,000, last week  also $410,000

Stats 060422
Stats for week ending June 4

Conventional financing was used to close on 251 homes this week at a median price $430,000 with 12 days average market time, last week 194 homes at median price of $427,550 with 30 days average market time.

Conv 060422
Conventional financing use to close for week ending June 4

Cash was used to close on 18 homes this week at a median price of $391,250 with 13 days average market time, last week 17 homes at a median price of $328,000 with 12 days average market time.

Cash 060422
Cash used to close for week ending June 4

FHA financing was used to close on 19  homes this week at a median price of $310,000 with 24 days average market time, last week 17 homes at median price of $328,000 with 12 days average market time.

FHA 060422
FHA financing used to close for week ending June 4

VA financing used to close on 15 homes at a  median price of $383,000 with 51 days average market time, last week 6 homes at median price of $390,000 with 6 days average market time.

VA 060422
VA financing used to close for week ending June 4

Buyer’s looking for homes that are at least 2,000 square feet or more closed on 193 homes at a median price of $480,000 with 16 days average market time, last week 157 homes at a median price of $500,000 with 29 days average market time.  The minimum price for a home that was at least 2,000 square feet or more was $155,000, last week $255,000.

2000 SF or more 060422
Homes that are at least 2,000 SF or more for week ending June 4

Contracts accepted this week

Contracts accepted this week were down.  218 this week compared to 275 the previous week.

Fox Valley home prices June 4-Contracts accepted this week

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

Aurora-41                           Bolingbrook-14

Naperville-42                    Plainfield-28

St Charles-14                     Yorkville-10

No short sales went under contract this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 4 with 48 hours, and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours and 1 that we don’t know the time frame.

The median price of homes under contract this week is $399,450 with 20 days average market time, last week the median price was $399,900 with 17 days average market time.

Contingent Stats 060422

2022 by the month

Month                 New   Closed   Contracts accepted

January               422        492             623

February             523        520             724

March                 734        904             890

April                  1168        966            1334

May                   1101        893             806

June                    279        306             218

Totals               4227      4081           4595

More new listings than closed is a good sign that things are changing slightly.  Prices are still increasing and inventory is low, but we hope June continues to increase the amount of listings of homes for sale.

Check back with us every Saturday for the real estate market update.  We are late this week but try not to be.  At the end of each month we will take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Everything that is bold and underlined you can click on and it will take you to the site for the information.  If there is other information you are looking for not here please let us know and we will point you in the right direction.

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

Request a home valuation if you are thinking about selling your home.  Give is a little information about your home and what has been updated.  Let us know the best way to get in touch with you and we will give you an estimate of what it is worth in today’s market.  You will also get an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the details.

If you are wanting to buy a home you need to get in touch with a loan officer and get them all your financial information and have them put you through underwriting so you are approved for a loan.  It is not enough to just get pre-approved right now.  You will be up against multiple offers so you want to be in the best position to win.

You can sign-up for email alerts so you don’t miss out on anything coming on the market.

Contact us

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

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

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

Fox Valley home prices June 4.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices May 28

Fox Valley Home Prices April 23

Fox Valley home prices May 28.   We remember and honor the men and woman who gave their lives in service to our country this Memorial Day. 

It also marks the beginning of summer for most people.

New listings this week were down.  243 this week compared to 307 the previous week.

Closed listings were up.  252 this week compared to 218 the previous week.

Fox Valley home prices May 28

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

Aurora-New 33 $129,900-$569,000

             Closed-44 $130,000-$795,000

Bolingbrook-New 21 $199,900-$799,900

                    Closed-17 $221,000-$653,774

Geneva-New 10 $439,900-$1,898,000

             Closed-9 $280,000-$835,000

Naperville-New 52 $199,900-$2,500,000

                 Closed-42 $355,000-$1,420,000

Oswego-New 8 $230,000-$600,000

              Closed-12 $315,000-$581,900

Plainfield-New 34 $199,900-$774,900

                Closed-34 $275,000-$750,500

St Charles-New 8 $409,500-$2,299,999

                  Closed-23 $260,000-$1,350,000

West Chicago-New 10 $239,900-$1,395,000

                       Closed-4 $268,000-$530,000

Yorkville-New 7 $279,900-$625,000

               Closed-11 $275,000-$500,000

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

The median list price this week $399,999, last week $425,000

Closed median price this week $410,000, last week $405,000

Conventional financing was used to close 194 homes at a median price of $427,550 with 30 days average market time, last week 153 homes at $435,000 with 13 days average market time.

Conv 052822
Conventional financing used for week ending May 28

Cash was used to close on 35 homes this week at a median price of $400,000 with 26 days average market time, last week 36 homes at median price of $405,000 with 15 days average market time.

Cash 052822
Cash used to close for week ending May 28

FHA financing was used to close on 17 homes with a median price of $328,000 with 12 days average market time, last week 18 homes at a median price of $335,000 with 21 days average market time.

FHA 052822
FHA financing used to close for week ending May 28

VA financing was used to close 6 homes at a median price of $390,000 with 6 days average market time, last week 10 homes at median price of $407,500 with 7 days average market time.

VA 052822
VA financing used to close for week ending May 28

Buyers closed on 157 homes that were at least 2,000 square feet or more this week with a median price of $500,000 with 29 days average market time, last week 152 homes with a median price of $466,000 with 14 days average market time.  Minimum price this week $255,000, last week $237,000.

2000 SF or more 052822
Homes closed with 2,000 square feet or more for week ending May 28

Contracts accepted this week

Contract accepted this week were consistent.  275 this week compared to 278 the previous week.

Fox Valley home prices May 28-Contracts accepted this week

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

Aurora-42                         Bolingbrook-26

Geneva-12                          Naperville-55

Plainfield-33                      St Charles-23

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 5 with 48 hours, and 1 with 24 hours.

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

The median price of homes that went under contract this week was $399,900 with 17 days average market time, last week median price $392,500 with 18 days average market time.

2022 by the month and a look back at 2021 and 2020

2022

Month          New   Closed   Contracts accepted

January              422        492               623

February            523        520               724

March                734        904               890

April                 1168        966              1334

May                   1101       1143              1106

Totals          3948   4025         4377

2021

January             543        649                829

February           561         604                778

March               993       1099               1455

April                1006        926               1387

May                 1088       1288               1289

Totals        4191     4566         5738

2020

January           1105         566                858

February         1267         529              1024

March              1186         707              1079

April                 648         786                775

May                 1352        1010              1444

Totals        5558     3598         5180

2020 had the most new listings but the least closed.  You can see how tight the market is this year.  That is why prices have increased so much.  Fewer new listings to choose from.

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

Resources

Everything you see darker and underlined click on it and it will take you to the site for the information.  If you are looking for information not listed here let us know and we will point you in the right direction.

Check with your loan officer to see what rate you will be offered.  It depends on your credit score what interest rate you will get.  If you need help to improve your score talk to them.  They will help you.

Request a home valuation if you are wanting to sell your home.  Give us a little information about your home and what you have recently updated.  We will let you know what it is worth in today’s market.  You will also be shown and estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home this year?  You need to contact a loan officer and get them all your financial information and apply for the loan so they can put you through underwriting and get approved subject to finding the home, appraisal and title.  Taking this step will help you when you write an offer especially if there are other offers you are competing against.  You will also not have to worry about last minute things coming up that need to be cleared up at the last minute.

You can sign-up for email alerts with your criteria and you will be emailed as soon as a property hits the market so you don’t miss anything.

Contact us

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

We can make recommendations for loan officers, real estate attorneys and home inspectors.

All data provided was from our MLS. MRED, LLC.

It is constantly updated.

Fox Valley home prices May 28.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices November 13 2021

Fox Valley home prices November 13 2021

Fox Valley home prices November 13 2021.  New listings of single family homes are way down.  139 this week compared to 183 the week before.  Competition is way down right now if you are thinking about selling.

Closed single family homes this week were also down.  206 this week compared to 230 the week before.  This is understandable since we are at the beginning of the month.  Most buyers want to close at the end of the month.

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

Aurora-New 24 $130,000-$745,000

            Closed-42 $135,000-$525,000

Bolingbrook-New 7 $175,000-$500,000

                    Closed-28 $217,000-$1,020,000

Elburn-New 12 $210,000-$920,000

Naperville-New 14 $222,000-$935,000

                 Closed-30 $320,000-$1,575,000

Oswego-New 8 $235,000-$500,000

              Closed-11 $260,000-$525,000

Plainfield-New 15 $229,900-$674,900

                Closed-23 $218,000-$575,000

St Charles-New 16 $250,000-$1,299,000

                  Closed-19 $180,000-$1,235,000

We hope to see improvement this week with new homes coming on the market.

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

Median list price this week $340,000, last week $350,000.

Closed median price this week $338,749, last week $350,000.

Stats November 13 2021
Median prices this week

Conventional closed single family homes 140 at a median price of $363,500, last week 149 at $370,000.

Cash closed 29 with a median price of $345,000, last week 22 at $290,000.

Conventional and Cash November 13 2021
Conventional and Cash

FHA closed 31 with a median price $273,000, last week 48 at $305,000.

VA closed 5 with a median price of $285,000, last week 11 at $271,000.

FHA and VA November 13 2021
FHA and VA Financing

2,000 or more square feet closed 107 with a median price of $430,000, last week 129 at $420,890.  Minimum price this week $139,000, last week $240,000.  This gives you an idea of the prices if you are thinking about buying a home with a little bit more space.

2000 SF or more November 13 2021
2000 or more square feet

Contracts accepted this week

Fox Valley home prices November 13 2021-Contracts accepted this week

Contracts accepted this week on single family homes was down.  227 this week compared to 278 the week before.   Next week we hope to increase the new listings so there is more available to buyers.

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

Aurora-32                          Batavia-13

Bolingbrook-19                   Naperville-28

Oswego-14                         Plainfield-37

St Charles-17                    West Chicago-12

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.  6 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 to the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 6 with 48 hours.

2021 by the month

Month        New     Closed     Contracts accepted

January           543           649                 829

February         561            604                 778

March             993           1099               1455

April              1006            926               1387

May               1088           1288               1289

June              1450           1686               1671

July                1118            1182               1210

August           1109            1203               1170

September    1083             1411               1251

October          715              973                930

November       322              436                505

Totals       9988       11457        12475

June was the most active month so far this year across the board with new listings, closed and contracts accepted.  All signs look like 2022 will be similar to this year.  Prices might not go up as fast as they did this year.  Until more homes are built or commercial property converted to residential purposes inventory will not increase.  There just is not enough homes for the need.

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.
I have been attending our National Association of REALTORS® Conference virtually yesterday, today and tomorrow.  They have had some great sessions.  Talking about the economy, appraisals in today’s market and so much more.  They are holding it out in San Diego.   One of my favorite places.

Thinking about selling your home in the near future?  Request a home valuation and give us a little information about your  home and what has recently been updated.  We will let you know what it is worth in today’s market.  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.  If you are planning on waiting until after the first of the year.  We can update closer to when you are ready.

You might want to plan ahead if you are thinking about buying a home and are wanting to do that by a certain date.  You will need to get all your financial information together and get it to a loan officer if you haven’t already done that.  You need to get pre approved.  They will give you a letter after they are completed that shows what type of loan and how much you qualify for.  This will go with an offer when you find a home.

Resources:

You will want to check with your loan officer for the rates that they are currently offering with your credit score.

Do you need recommendations for loan officers, real estate attorney, or home inspector?  We can provide you a few of each so you can contact them and decide who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley home prices November 13 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

Kristine Heiman, Designated Managing Broker