Fox Valley area of Illinois home prices December 6th
Fox Valley area of Illinois home prices December 6th. It is 32 degrees right now and cloudy. This next week we should see highs from 14-38 degrees and lows from 0-30 degrees.
New listings this week are up. 120 this week compared to 81 the previous week.
Closed listings are also up. 188 this week compared to 149 the previous week.
That is the difference in a holiday week.
Aurora New-14 $190,000-$825,000
Closed-22 $138,654-$550,000
Bolingbrook New-5 $340,000-$519,900
Closed-12 $310,000-$875,000
Elgin New-8 $155,000-$625,000
Closed-29 $167,000-$1,150,000
Naperville New-21 $415,000-$1,999,999
Closed-20 $495,000-$825,000
Plainfield New-15 $310,000-$620,000
Closed-24 $290,000-$723,398
These are the communities with the most activity this week. Check photo above for other communities that also had activity and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $449,450, last week $455,000
Closed median price this week $439,945, last week $455,000.
Conventional financing was used to close on 127 homes this week at median price $466,000 with 45 days average market time, last week 112 homes at median price $470,000 with 47 days average market time.
Cash was used to close on 29 homes this week at median price $443,000 with 38 days average market time, last week 19 homes at median price $470,000 with 50 days average market time.
FHA financing was used to close on 23 homes this week at median price $365,000 with 41 days average market time, last week 13 homes at median price $347,000 with 59 days average market time.
VA financing was used to close on 9 homes this week at median price $390,000 with 46 days average market time, last week 3 homes at median price $377,000 with 23 days average market time.
2,000 SF or more closed on 99 homes this week at median price $536,000 with 51 days average market time, last week 90 homes at median price $521,000 with 59 days average market time. Minimum price this week $219,499, last week $255,000.
Over 67% of homes closed using conventional financing and over 52% of homes closed this week were at least 2,000 SF or more.
Under contract this week
Homes that went under contract this week are down slightly. 113 this week compared to 125 the previous week.
Aurora-14 Bolingbrook-11
Elgin-12 Naperville-13
Plainfield-17
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 with a kick-out clause of 72 hours, 2 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 and 3 with 48 hours.
Under contract median price this week $413,000 with 61 days average market time, last week $425,000 with 46 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 935 858 843
September 1012 698 785
October 1040 981 991
November 568 678 641
December 120 188 113
Totals 10168 8728 9305
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
At the end of the month we will 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.
What does all this mean?
New listings are starting to slow down. They usually do this time of year.
Seller’s are still choosing conventional financing the most. It is hard to get a FHA offer through.
Prices are fluctuating a little but prices are not going down in our area like other parts of the country.
Homes are staying on the market a little bit longer than they were.
If you are priced right and in good condition you will still see a contract sooner than one that is not market ready.
Looking for information about the process go to nar.realtor/the-facts and scroll down to see the guides and videos. If you still have questions let us know what they are.
You can also go to request a home valuation,sign-up for email alerts, down payment assistance, IHDA programs, 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 December 6th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, MRP, AHWD, SFR, SRS, SRES
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101