Yorkville Real Estate Market Trends
The Yorkville real estate market is constantly changing. Many factors influence it including the national and local economy, world events,
buyer perception and a host of other variables. Keeping track of local market conditions is important for several reasons:
Your home is your primary asset and real estate has historically appreciated over time. Understanding how much your home is
appreciating is useful in determining your equity position. If you are planning a move sometime in the near future, understanding
seasonal and long-term market fluctuations will allow you to better plan your move and know what to expect while your home
is on the market. Market condition reports are run monthly and contain information on the previous month's sales data. If you have
any questions or would like a custom market report, please contact me.
December Market Conditions
Detached Style Single-Family Homes
The median price of homes on the market in Yorkville fell slightly in the month of December, going from $348,900 in November to $345,500 in
December. At the same time, the average sales price of homes in Yorkville rose significantly from a 2-year low in November of $261,500 to
$315,000 in December. The number of homes on the market dropped by a large margin during the month of December, from 439 units to 380.
During that time, the number of homes sold edged down slightly from 25 to 23. While the inventory of homes available in December rose slightly -
going from 12.6 months to 13.9 months, the average days on market spiked significantly from 103 to 127 - the second-highest value in the
past 2 years.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
Attached Style Single-Family Homes
The median price of homes on the market in Yorkville stayed fairly steady in December rising slightly from $198,182 to $197,290. At the same time, the
median price of homes sold during the same period rose from $190,545 to $194,394. Analyzing the two-year history of sales data for attached style homes
in Yorkville, values have remained fairly consistent. Also remaining consistent is the number of units for sale - going from 124 in November to
121 in December while the number of units sold edged up from 6 to 9 during the same time. In December there was an overall drop in the inventory
of homes on the market from 11.8 months in November to 8.2 months while the average days on market spiked significantly from
68 to 162.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
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