Fox Valley area of Illinois home prices January 31st
Fox Valley area of Illinois home prices January 31st. 23 degrees and cloudy right now. This next week we should see highs from 24-37 degrees and lows from 4-27 degrees.
There were 130 new listings this week and 115 closed listings.
Aurora New-21 $215,000-$795,000
Closed-8 $185,000-$620,000
Elgin New-6 $240,000-$769,760
Closed-12 $182,900-$970,000
Naperville New-20 $399,000-$1,199,900
Closed-16 $410,000-$1,920,000
Oswego New-6 $385,990-$594,900
Closed-10 $125,000-$740,000
Plainfield New-31 $319,900-$895,000
Closed-18 $327,000-$727,490
These are the communities with the most activity this week. Look at photo above to see other communities that also had activity and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $479,940 and closed median price this week $433,990.
Conventional financing was used to close on 88 homes this week at median price $428,750 with 58 days average market time.
Cash was used to close on 17 homes this week at median price $706,500 with 62 days average market time.
FHA financing was used to close on 9 homes this week at median price $392,500 with 45 days average market time.
VA financing was used to close on 2 homes this week at median price $371,500 with 148 days average market time.
2,000 SF or more closed on 24 homes this week at median price $596,379 with 53 days average market time; Minimum price this week $358,640.
Over 76% of homes closed this week used conventional financing and over 20 % of homes this week were at least 2,000 SF or more.
Sometime after my download another home popped up under one of the financing options so the count is 116 instead of original 115 closed.
Under contract this week
143 homes went under contract this week.
Aurora-29 Bolingbrook-11
Elgin-11 Naperville-16
Plainfield-15
These are the communities that saw the most contracts get accepted by seller’s. Look at photo above to see other communities that had contracts accepted.
There was 1 short sale accepted by seller’s this week. It was in Aurora. 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 and 3 with 48 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 and 1 with 48 hours.
Under contract median price this week $445,000 with 57 days average market time.
2026 by the month and a look back at 2025 and 2024
2026
Month New Closed Under contract
January 526 416 392
2025
January 585 590 652
2024
January 576 523 599
As you can see this year we are already behind the last 2 years in totals.
Check back with us every Saturday for the real estate update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal.
Not all seller’s agree to let their home be listed on the internet. I wish we could post the listings with addresses for the week so you can see. We can set you up to receive listings as they hit the market in real time. Signup for email alerts go to search for a home.
You can also request a home valuation if you want to know what your home is worth in today’s market.
If you are looking for information about the buying or selling process you can go to nar.realtor/the-facts and scroll down to see all the guides and videos. If you have questions give us a call.
Fox Valley area of Illinois home prices January 31st. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SRS, SRES
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101