Real Estate Market Snapshot: Batavia IL 60510 (August 2014)

Real Estate Market Snapshot: Batavia IL 60510

Wondering how the real estate market in Batavia, IL (60510) is doing? Here’s a quick snapshot of the housing market for August, 2014.

• New Listings are up 14.7% over last year with a total of 546 homes for sale in Batavia, IL
• With the influx of new listings, pending home sales are down 5.3% but closed sales remain unchanged.
• The average list price in Batavia has risen 3% to $285,312.
• Homes are selling much faster than a year ago. The average home in Batavia IL is taking 98 days to sell, down 19.6% over last year.

As seen in this chart, Batavia IL experienced a period of greater than average
home price increases compared to the MLS as a whole. That trend started around
February of 2013 but dipped below the MLS average in July of 2014.

There are 261 detached single family homes for sale in Batavia IL 60510. Of those, 28% are currently under contract. The average asking price for a detached home is $373,517. There have been 202 detached homes in Batavia close in the last 6 months with an average sale price of $281,333.

For more information about the Batavia IL real estate market, contact Matt Kombrink with The Kombrink Lobrillo Team today at (630) 488-3300.