Fox Valley area of Illinois home prices August 9th
Fox Valley area of Illinois home prices August 9th. It is 90 degrees and sunny right now. This next week we should see highs between 81-93 and lows between 64-72 degrees. Rain is coming.
New listings this week are down. 245 this week compared to 293 the previous week.
Closed listings are also down. 222 this week compared to 256 the previous week.
Aurora New-17 $169,900-$775,000
Closed-30 $170,000-$860,000
Batavia New-12 $250,000-$949,000
Closed-5 $293,500-$675,000
Bolingbrook New-19 $319,900-$739,000
Closed-12 $280,000-$930,315
Elgin New-30 $290,000-$1,100,000
Closed-20 $300,000-$705,000
Geneva New-11 $375,000-$1,625,000
Closed-11 $290,000-$750,000
Naperville New-26 $479,000-$1,395,000
Closed-35 $360,000-$3,800,000
Oswego New-4 $399,990-$475,000
Closed-15 $288,000-$1,300,000
Plainfield New-42 $310,000-$800,000
Closed-28 $253,000-$760,000
St Charles New-12 $419,900-$1,650,000
Closed-16 $285,000-$1,035,000
We highlighted 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 prices, and 2,000 SF or more
Median list price this week $490,000, last week $459,000.
Closed median price this week $483,500, last week $500,000.
Conventional financing was used to close on 166 homes this week at median price $492,250 with 32 days average market time, last week 184 homes.
Cash was used to close on 31 homes this week at median price $496,000 with 40 days average market time, last week 40 homes.
FHA financing was used to close on 14 homes this week at median price $349,500 with 22 days average market time, last week 26 homes.
VA financing was used to close on 9 homes this week at median price $430,000 with 24 days average market time, last week 6 homes.
2,000 SF or more closed on 139 homes this week at median price $575,000 with 30 days average market time, last week 170 homes.
Minimum price this week $300,000, last week ?.
Our MLS updated their system and last week I didn’t figure out how to access some of this information. I figured it out today so we should be able to continue what I have been doing from now on.
Here are pie charts showing the different ways to get to closing. Conventional continues to be the biggest piece of the pie. This week for some reason 2 did not come up under any of the possibilities conventional, cash, FHA, or VA.
Under contract this week
Homes under contract this week are up. 215 this week compared to 185 the previous week.
Aurora-23 Bolingbrook-19
Elgin-28 Naperville-30
Oswego-12 Plainfield-21
St Charles-11 Sycamore-12
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. 2 with a kick-out clause of 72 hours, 4 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 and 5 with 48 hours.
Under contract median price this week $425,800 with 39 days average market time, last week $475,450 with 70 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 245 222 215
Totals 6738 5547 6147
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.
To get some great information about the buying and selling process go to nar.realtor/the-facts and scroll down to get to 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 as agents upload their information.
Our MLS recently updated their site and some things have changed. I am still getting used to it. Some things I normally post I could not do last week. This week I think I have found access to what I normally use. Hopefully we are getting back to normal. If I find something new that might be useful I will share it next week.
Fox Valley area of Illinois home prices August 9th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, SFR, SRS, SRES, SRS, MRP
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101