Fox Valley area of Illinois home prices August 1st
Fox Valley area of Illinois home prices August 1st.
It is 68 degrees and raining right now. This next week we should see highs from 71-84 degrees and lows from 59-70 degrees.
New listing this week 298. Closed listings 258.
Here are the communities with the most activity this week and their price ranges.
Aurora New-40 $185,000-$858,108
Closed-46 $150,000-$850,000
Bolingbrook New-22 $313,000-$678,000
Closed-11 $245,000-$730,000
Elgin New-22 $245,000-$1,199,000
Closed-23 $199,000-$789,880
Montgomery New-13 $199,000-$504,990
Closed-5 $300,000-$481,290
Naperville New-58 $319,900-$2,779,000
Closed-49 $370,000-$1,505,000
Oswego New-15 $299,900-$875,000
Closed-16 $335,000-$1,300,000
Plainfield New-35 $314,900-$800,000
Closed-33 $235,000-$700,000
St Charles New-18 $349,900-$1,099,000
Closed-13 $375,000-$899,000
Yorkville New-15 $380,000-$1,750,000
Closed-9 $405,000-$550,000
Take a look at the other communities in photo above that also had activity and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $519,495. Closed median price $499,995.
Conventional financing was used to close on 197 homes this week at median price $530,000 with 25 average days on market.
Cash was used to close on 31 homes this week at median price $499,000 with 24 average days on market.
FHA financing was used to close on 21 homes this week at median price $374,900 with 39 average days on market.
VA financing was used to close on 6 homes this week at median price $484,450 with 17 average days on market.
2,000 SF or more closed on 158 homes this week at median price $592,175 with 28 average days on market. Minimum price $249,000.
Over 76% of homes closed this week used conventional financing and slightly over 61% of homes closed were at least 2,000 SF or more.
Look closely at each page whether conventional, cash, FHA, or VA there is other information there to see. The average list/closing price on all of them was 100% or slightly over. Minimum 82.36% and maximum 120%. Price per square foot and year built.
Under contract this week
231 homes went under contract this week.
Here are the communities seller’s accepted the most contracts.
Aurora-39 Bolingbrook-19
Elgin-26 Naperville-29
Oswego-12 Plainfield-20
St Charles-13
No short sales accepted this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 5 with 48 hours, and 3 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, 3 with 48 hours, and 1 with 24 hours.
20 total out of 231 contracts accepted. That is not very many.
Under contract median price this week $460,000 with 26 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
March 1076 778 1083
April 1143 791 914
May 1113 806 930
June 1140 932 1026
July 1397 1193 1092
Totals 7063 5393 6110
2025
January 585 590 652
February 609 504 590
March 785 569 746
April 856 661 818
May 1282 961 1115
June 1098 871 948
July 1278 1169 1063
Totals 6493 5325 5932
2024
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 1077 1002 1075
June 1009 906 918
July 1173 1050 1094
Totals 5946 5197 5970
In the last 3 years new listings have increased, but closed listings have not increased too much.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
A good place to look for buying and selling information is here. Scroll down to see all the guides and videos.
If you are thinking about buying a home your first step is to contact a local loan officer and get them all your financial information so they can get you preapproved. Once you are preapproved you will be ready to start looking for a home.
You will need to sign a buyer representation agreement before we can show you the first house.
You can sign up for email alerts and get listings as they hit the market or we can set you up to receive listing with the criteria you are looking for.
Do you need to sell your home? We can do a market analysis and give you an estimate of what it will sell for in today’s market and give you an estimate of expenses to sell. Fill out this form and tell us a little bit about your home and what you have updated.
All data provided today was downloaded from Midwest Real Estate Data LLC. It changes throughout the day.
Fox Valley area of Illinois home prices August 1st.
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