Fox Valley area of Illinois home prices February 28th
Fox Valley area of Illinois home prices February 28th.
I waited until today to post this because the download I did on Saturday included test listings of $2,000,000,000. I contacted the MLS this morning and found out I will need to put in a maximum price so the test listings don’t come up. I still downloaded from Saturday February 21st to February 28th activity. I am happy they are improving the site. I think progress is good.
There was 133 new listings this week and 179 closed listings.
Aurora New-18 $209,000-$789,000
Closed-30 $192,500-$735,583
Bolingbrook New-9 $350,000-$575,000
Closed-13 $259,900-$580,111
Elgin New-18 $249,900-$654,490
Closed-16 $98,000-$565,000
Montgomery New-10 $279,900-$517,990
Closed- 2 $285,000-$395,000
Naperville New-16 $345,000-$1,875,000
Closed-18 $345,000-$2,750,000
Plainfield New-23 $340,000-$649,990
Closed-22 $287,900-$910,000
Yorkville New-3 $429,500-$619,999
Closed-11 $290,000-$687,000
If you don’t see your price range please look at photo above to see if you find another community with your price range. You might need to be open to expanding your search.
Financing used, median prices, and 2,000 SF or more
Median list price this week $487,990 and closed median price $425,000.
Conventional financing was used to close on 131 homes this week at median price $439,900 with 37 average days on market.
Cash was used to close on 28 homes this week at median price $459,950 with 32 average days on market.
FHA financing was used to close on 14 homes this week at median price $329,554 with 15 average days on market.
VA financing was used to close on 5 homes this week at median price $541,505 with 21 average days on market.
2,000 SF or more closed on 85 homes at median price $539,900 with 5 average days on market. Minimum price this week $365,000.
A little over 73% of homes closed this week used conventional financing and over 47% of homes closed were 2,000 SF or more.
Under contract this week
189 homes went under contract this week.
Aurora-23 Bolingbrook-12
Elgin-17 Naperville-32
Oswego-16 Plainfield-19
These are the communities with the most activity this week. Take a look at photo to see other communities that also had activity this week.
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 each with a kick-out clause of 72, 48 and 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 1 with 48 hours.
That is only 7 out of 189 homes that went under contract that have a home sale or close contingency.
Under contract median price this week $465,000 with 28 average days on market.
2026 by the month and a look back at 2025 and 2024
2026
Month New Closed Under contract
January 526 416 392
February 668 477 673
Totals 1194 893 1065
2025
January 585 590 652
February 609 504 590
Totals 1194 1194 1242
2024
January 576 523 599
February 637 416 691
Totals 1213 939 1290
Closed is the most important column to look at. We are down from the previous 2 years.
New listings is the same.
Under contract numbers are higher than closed because some of them come back on the market. Sometimes multiple times.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois home prices. At the end of each month we look back at 2025 and 2024 so you have something to compare to.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Amount of homes on market, days on market and type of financing all have an impact on pricing. It is true about the triangle when price, condition, and location are all right then a home will sell. You can’t change location but you can change condition and price.
A great resource to learn about buying or selling a home go to nar.realtor/the-facts and scroll down to see the guides and videos there. If you have questions please let us know.
To get an idea of what your home might sell for in today’s market and what you might walk away with a closing request a home valuation.
If you want to sign-up for email alerts you will get homes as they hit the market with the criteria you want.
You can always search for a home anytime.
I downloaded everything this morning from February 21st to February 28th from our MLS, MRED, LLC. Sorry for the delay but I needed to find out how not to include the test listings that I downloaded Saturday. They would of messed up the median prices because they were listings at $2,000,000,000.
Fox Valley area of Illinois home prices February 28th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SFR, SRS, SRES
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101