Fox Valley area of Illinois home prices July 5th
Fox Valley area of Illinois home prices July 5th. 91 degrees and sunny right now. This next week we should see highs between 83-92 degrees with lows between 61-72 degrees. We are definitely experiencing summer weather!
New listings this week are down. 166 this week compared to 278 the previous week.
Closed listings are consistent. 246 this week compared to 245 the previous week.
Aurora New-15 $199,900-$692,000
Closed-39 $97,000-$880,000
Bolingbrook New-11 $320,000-$845,202
Closed-9 $290,000-$749,865
Elgin New-25 $243,000-$1,095,000
Closed-16 $75,000-$585,000
Montgomery New-12 $270,000-$479,990
Closed-7 $280,000-$500,900
Naperville New-20 $440,000-$1,475,000
Closed-48 $352,000-$2,550,000
Oswego New-8 $310,000-$549,990
Closed-10 $440,990-$660,000
Plainfield New-21 $329,900-$705,000
Closed-31 $310,000-$835,000
St Charles New-9 $399,900-$615,000
Closed-18 $408,000-$1,300,000
Other communities had activity this week. Look at photo above to see their price ranges.
Financing most used, median prices, and 2,000 SF or more
Median list price this week $479,900, last week $499,950.
Closed median price this week $497,950, last week $475,000.
Conventional financing was used to close on 185 homes this week at median price $516,090 with 27 days average market time, last week 175 homes at median price $499,000 with 22 days average market time.
Cash was used to close on 29 homes this week at median price $508,200 with 23 days average market time, last week 39 homes at median price $463,000 with 30 days average market time.
FHA financing was used to close on 18 homes this week at median price $352,500 with 42 days average market time, last week 18 homes at median price $384,950 with 66 days average market time.
VA financing was used to close on 12 homes this week at median price $591,000 with 20 days average market time, last week 12 homes at median price $463,000 with 32 days average market time.
2,000 SF or more closed on 158 homes this week at median price $597,495 with 30 days average market time, last week 151 homes at median price $586,000 with 29 days average market time. Minimum price this week $350,000, last week $250,000.
Over 75% of homes closed this week used conventional financing. It looks like seller’s were more willing to accept FHA financing if they were on the market longer than most.
Under contract this week
Homes that went under contract this week are consistent. 238 this week compared to 234 the previous week.
Aurora-27 Bolingbrook-20
Elgin-14 Naperville-34
Oswego-18 Plainfield-37
St Charles-16
1 short sale was accepted by a seller this week. It was in Montgomery. 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. 3 with a kick-out clause of 72 hours, 7 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. 2 with a kick-out clause of 72 hours, 5 with 48 hours, and 1 with 24 hours.
That is just under 8% of homes that went under contract were accepted with a contingency to close or sell/close.
Under contract median price this week $498,500 with 29 days average market time, last week $450,000 with 33 days average market time.
2025 by the month
Month New Closed Under contract
January 585 570 652
February 609 504 590
March 785 569 746
April 856 661 818
May 1282 961 1115
June 1098 871 948
July 166 246 238
Totals 5381 4382 5107
Check back with us every Saturday for real estate market update for the Fox Valley area of Illinois.
At the end of each month we will also take a look back at 2024 and 2023 so you have something to compare to.
Contact us
Call us with all your real estate questions 630-503-6555. Your goal is our goal.
If you are a buyer or seller looking for information about the process please go to nar.realtor/the-facts to see some great guides and videos about the process from beginning to the end. Scroll down to see the information.
You can also request a home valuation, sign-up for email alerts, down payment assistance, and search for a home.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day as agents upload new information.
Fox Valley area of Illinois home prices July 5th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101