Fox Valley area of Illinois home prices June 7th
Fox Valley area of Illinois home prices June 7th. I am late posting because I was at my nieces wedding in Wisconsin. It was a gorgeous day Saturday! This next week we should see highs from 71-88 and lows from 52-64,
New listings this week were consistent. 271 this week compared to 267 the previous week.
Closed listings this week were up slightly. 225 this week compared to 211 the previous week.
Aurora New-25 $170,000-$899,900
Closed-22 $213,00-$900,000
Batavia New-5 $350,000-$840,000
Closed-13 $275,000-$745,000
Bolingbrook New-15 $295,000-$709,000
Closed-14 $345,000-$1,006,045
Elgin New-24 $175,000-$1,299,999
Closed-19 $225,000-$614,990
Naperville New-44 $350,000-$3,699,000
Closed-34 $374,000-$1,540,000
Oswego New-12 $300,000-$1,450,000
Closed-11 $320,000-$715,000
Plainfield New-45 $275,000-$1,399,000
Closed-31 $240,000-$650,000
St Charles New-15 $299,900-$1,450,000
Closed-13 $350,000-$1,150,000
West Chicago New-11 $300,000-$749,900
Closed-7 $300,000-$925,000
Yorkville New-13 $225,000-$700,000
Closed-9 $380,000-$630,000
These are the communities with the most activity this week. Look at photo above for other communities that also had activity and the price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $486,250, last week $499,900.
Closed median price this week $460,000, last week $513,900.
Conventional financing was used to close on 169 homes this week at median price $490,000 with 27 days average market time, last week 155 homes at median price $529,000 with 28 days average market time.
Cash was used to close on 29 homes this week at median price $495,000 with 32 days average market time, last week 30 homes at median price $602,500 with 40 days average market time.
FHA financing was used to close on 16 homes this week at median price $384,500 with 37 days average market time, last week 12 homes at median price $330,050 with 27 days average market time.
VA financing was used to close on 11 homes this week at median price $436,500 with 21 days average market time, last week 11 homes at median price $435,000 with 34 days average market time.
2,000 SF or more closed on 142 homes this week at median price $556,540 with 32 days average market time, last week 131 homes at median price $615,000 with 35 day average market time. Minimum price this week $262,000, last week $295,000.
75% of homes closed this week used conventional financing. 63% 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 up. 244 this week compared to 197 the previous week.
Aurora-35 Batavia-12
Bolingbrook-13 Elgin-21
Geneva-11 Naperville-31
Plainfield-25 St Charles-25
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. 7 with a kick-out clause of 72 hours, 3 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. 6 with a kick-out clause of 48 hours.
That is not very many contracts accepted with home contingencies.
Median price of homes that went under contract this week $465,000 with 28 days average market time, last week $475,000 with 30 days average market time.
2025 by the month
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 267 211 244
Totals 4384 3476 4165
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 and sell a home some good guides and videos are available for you read and watch. Please go to nar.realtor/the-facts and scroll down to see the information that interests you.
You can also go to request a home valuation, sign-up for email alerts, Down payment assistance, and search for a home.
I downloaded all the data Saturday morning from our MLS, MRED, LLC. It changes throughout the day. I am just now getting the opportunity to post this. I will get back on track next week.
Fox Valley area of Illinois home prices June 7th. Have an awesome week!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101