Fox Valley area of Illinois home prices August 2nd
Fox Valley area of Illinois home prices August 2nd. It is 80 degrees and partly cloudy right now. This next week we should see highs between 82-89 degrees and lows between 60-72 degrees.
New listings this week are up. 293 this week compared to 260 the previous week.
Closed listings are also up. 256 this week compared to 230 the previous week.
Aurora New-34 $139,900-$745,000
Closed-26 $235,077-$825,000
Bolingbrook New-28 $238,500-$875,000
Closed-11 $310,000-$533,000
Elgin New-35 $229,000-$925,000
Closed-19 $175,000-$680,000
Geneva New-7 $339,108-$779,000
Closed-12 $425,000-$850,000
Naperville New-33 $414,900-$2,150,000
Closed-44 $425,000-$1,700,000
Oswego New-15 $269,890-$646,994
Closed-18 $375,000-$779,004
Plainfield New-40 $300,000-$800,000
Closed-31 $335,000-$,530,000
South Elgin New-7 $285,000-$825,000
Closed-11 $265,000-$885,000
St Charles/Campton Hills
New-14 $368,000-$1,199,000
Closed-18 $390,000-$998,000
West Chicago New-11 $249,900-$1,895,000
Closed-7 $305,000-$750,000
Financing used, median price, and 2,000 SF or more
Our MLS updated their format so until I get used to it, and know how to download information similar to before, I will do my best.
Median list price this week $459,000, last week $484,250.
Closed median price this week $500,000, last week $472,500.
Conventional financing was used to close on 184 homes this week, last week $165.
Cash was used to close on 40 homes this week, last week 36.
FHA was used to close on 26 homes this week, last week 19.
VA financing was used to close on 6 homes this week, last week 8.
Over 71% of people chose conventional financing to close this week.
2,000 SF or more homes closed this week 170, last week 148. That is a little over 66%.
Under contract this week
Homes that went under contract this week are down. 185 this week compared to 230 the previous week.
Aurora-16 Batavia-10
Bolingbrook-16 Elgin-24
Naperville-25 Oswego-14
Plainfield-21
No short sales were accepted this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours and 2 with 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 5 with 48 hours, and 2 with 24 hours.
Under contract this week median price $475,450 with 70 days average market time, last week $450,000 with 36 days average market time.
2025 by the month and a look back at 2024 and 2023
2025
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 1278 1169 1063
Totals 6493 5305 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
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 926
July 765 745 805
Totals 4908 4434 5287
You can see increases each year. Closed is the most important one to look at.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Contact us
Call us with all your real estate questions 630-503-6555. Your goal is our goal.
You can get some great information about the home buying and selling process by going to nar.realtor/the-facts and scrolling down to the guides and videos.
If you would like go to request 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.
I hope by next week I get used to the new format for the MLS and get back to the information I normally share.
Fox Valley area of Illinois home prices August 2nd. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, SFR, SRES, SRS
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101