Yorkville Real Estate Market Trends:
January Market Conditions
Detached Style Single-Family Homes
The median price of homes on the market in Yorkville jumped sharply in the month of January, going from $339,900 in December to $354,900 in January. At the same time, the average sales price of homes in Yorkville fell significantly from $312,500 to $276,670 in January. Unlike many other Fox Valley communities, the number of homes on the market continued to drop in January, from 379 units to 368. During that time, the number of homes sold also dropped - quite significantly from 24 to 18. Inventory projections actually were downward trending in January - posting a drop from 14.9 months in December to an estimated 12.1 months in January. Despite this trend, the average days on market remained high at 132 days - the highest figure for this statistic over the past two years.
Attached Style Single-Family Homes
The median price of homes on the market in Yorkville fell in January from $197,707 to $193,990. At the same time, the median price of homes sold during the same period also fell from $194,394 to $190,033. This keeps values in line with the two-year price stability in this market segment. The number of homes on the market rose slightly from 122 units to 127 units in January. At the same time, the number of units sold spiked to a 2-year high of 18 units in January. The market for attached-style homes in Yorkville was extremely hot in the fall of 2006 and early 2007 - posting two of the highest sales figures in the two year data history. The inventory figures for January edged up from 8.3 months to 8.8 months, while the average days on market fell from 162 to a more reasonable 71.
To access the raw data files that were used to generate this report, please view my Yorkville Real Estate Market Trends page.
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