Fox Valley area of Illinois home prices August 16th
Fox Valley area of Illinois home prices August 16th. It is sunny and 91 degrees going up to 94 today. We should see highs between 77-94 and lows between 59-71 degrees for this next week.
New listing this week are down. 232 this week compared to 245 the previous week.
Closing listings were also down. 201 this week compared to 222 the previous week.
Aurora New-28 $189,900-$646,990
Closed-33 $216,000-$985,000
Bolingbrook New-21 $280,000-$1,024,900
Closed-13 $232,000-$830,368
Elgin New-25 $269,900-$875,000
Closed-18 $240,000-$637,500
Naperville New-33 $399,900-$3,499,000
Closed-21 $355,000-$1,226,000
Oswego New-8 $399,900-$599,900
Closed-13 $355,000-$650,000
Plainfield New-27 $297,700-$739,900
Closed-30 $240,000-$830,000
St Charles New-13 $395,000-$1,100,000
Closed-11 $295,000-$1,210,000
Yorkville New-11 $319,000-$1,012,820
Closed-7 $293,500-$810,000
Check the photo above for other communities that also had activity this week and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $464,990, last week $490,000.
Closed median price this week $460,000, last week $483,500.
Conventional financing was used to close on 136 homes this week at median price $475,143 with 29 days average market time, last week 166 homes at median price $492,250 with 32 days average market time.
Cash was used to close on 34 homes this week at median price $399,500 with 27 days average market time, last week 31 homes at median price $496,000 with 40 days average market time.
FHA financing was used to close on 20 homes this week at median price $371,000 with 33 days average market time, last week 14 homes at median price $349,500 with 22 days average market time.
VA financing was used to close on 10 homes this week at median price $550,000 with 17 days average market time, last week 9 homes at median price $430,000 with 24 days average market time.
2,000 SF or more closed on 123 homes this week at median price $550,000 with 33 days average market time, last week 139 homes at median price $575,000 with 30 days average market time. Minimum price this week $227,000, last week $300,000.
Conventional financing continues to be the way most people get to closing.
Under contract this week
Homes under contract this week are exactly the same as last week. 215 both weeks.
Aurora-25 Bolingbrook-18
Elgin-16 Naperville-24
Oswego-14 Plainfield-27
St Charles-13 Sycamore-11
No short sales were accepted this week by seller’s.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 4 with 48 hours, and 2 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.
Under contract median price this week $439,900 with 40 days average market time, last week median price $425,800 with 39 days average market time.
2025 by the month
Month New Closed Under contract
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
August 477 423 430
Totals 6970 5748 6362
Check back with us every Saturday for the 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 at 630-503-6555 with all your real estate questions. Your goal is our goal.
If you are a buyer or seller looking for information about the process to buy or sell please go to nar.realtor/the-facts and scroll down to see the guides and videos.
You can also go to 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.
Fox Valley area of Illinois home prices August 16th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SRS, SRES, SFR
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101