Go Bulldogs! Okay, I know a lot of you are proud of your football team. But what about your housing situation? Let’s see….
The data today will be of all price ranges, single family home only, all property types (detached, attached, etc), all seller types (traditional, REO, short sale), all sq footage, and all bedrooms.
The average price of a home in Batavia has reached an amazing $425K, up over 6% year over year.
Inventory for Batavia is definitely creeping up. There are now 30 homes on the market (still a low number, but…) with an increase of 7.1% since last year.
Average market time averages out at 25 days on market, pretty consistently low for the last few years. This is down 16% over the last year.
Price per square foot (although not a great measurement of home values) has reached an eye watering $210, a more than 6% increase over the previous year.
Showings per listing is how many times the average home must open it’s doors and let in viewers. For Batavia, it’s also moving upwards, now past 11 total showings. This is almost 17% more than the previous year.
Housing supply for Batavia is only ONE month. This is a solid seller’s market. Even at the current high interest rates.
And finally, you can see that there are currently 349 properties under contract in Batavia. In the best of markets and the worst of markets, there is, and will always be, housing transactions being completed. Maybe your’s is next?
That’s all for today. If you do or don’t like something about The Fox Valley Home Report, then please let me know. If I’m not including something that you think should, please tell me.
All data courtesy of InfoSparks. I am not a financial advisor, nor an attorney. Do not misconstrue any of this to be financial advice, and I recommend that you contact an advisor or an attorney if you have those types of questions.