Fox Valley area of Illinois home prices May 17th
Fox Valley area of Illinois home prices May 17th. It is 64 degrees and partly cloudy today. Highs for this next week are 57-72 degrees and lows from 41-50 degrees.
New listings this week are up. 293 this week compared to 230 the previous week.
Closed listings are down. 162 this week compared to 233 the previous week.
Aurora New-27 $239,900-$895,000
Closed-20 $242,000-$650,000
Bolingbrook New-13 $350,000-$904,949
Closed-6 $229,900-$390,000
Elgin New-25 $190,000-$675,000
Closed-21 $217,000-$674,900
Geneva New-10 $$295,000-$1,290,000
Closed-2 $480,000-$950,000
Naperville New-61 $369,000-$2,299,000
Closed-21 $420,000-$1,925,000
Oswego New-19 $325,000-$825,000
Closed-13 $390,000-$660,000
Plainfield New-41 $300,000-$825,000
Closed-20 $273,500-$720,000
St Charles New-25 $238,108-$2,800,000
Closed-11 $210,000-$1,300,000
West Chicago New-12 $240,000-$675.—
Closed-7 $176,000-$595,000
Yorkville New-15 $325,000-$820,000
Closed-8 $345,000-$725,000
Look at the photo above to see 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 $484,900, last week $469,900.
Closed median price this week $474,040, last week $435,000.
Conventional financing was used to close on 117 homes this week at median price
$485,000 with 24 days average market time, last week 167 homes at median price $469,900 with 25 days average market time.
Cash was used to close on 23 homes this week at median price $465,000 with 50 days average market time, last week 35 homes at median price $452,000 with 63 days average market time.
FHA financing was used to close on 12 homes this week at median price $378,500 with 60 days average market time, last week 21 homes at median price $330,000 with 48 days average market time.
VA financing was used to close on 9 homes this week at median price $435,000 with 54 days average market time, last week 11 homes at median price $416,500 with 10 days average market time.
2,000 SF or more closed on 100 homes this week at median price $560,450 with 33 days average market time, last week 133 homes at median price $559,900 with 31 days average market time. Minimum price this week $305,000, last week $203,950.
72 % closed using conventional financing this week.
Almost 62% of homes closed this week were 2,000 SF or more.
Under contract this week
Homes that went under contract this week are down. 192 this week compared to 230 the previous week.
Aurora-19 Batavia-12
Bolingbrook-11 Elgin-21
Naperville-37 Oswego-15
Plainfield-22 St Charles-10
Other communities had homes that seller’s accepted contracts. Look at the phone above to see.
There was 1 short sale this week. It was in Lake Holiday. Now it will be submitted to the lender to see if they will also accept.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 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 and 1 with 48 hours.
Under contract median price this week $450,000 with 31 days average market time, last week median price was $437,450 with 33 days average market time.
Every week it makes a difference on what is available and the condition of the homes in movement of the market.
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 774 553 655
Totals 3609 2857 3461
We still have 2 full weeks left in May so we will be above April totals I am sure.
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 of your real estate questions. Your goal is our goal.
For information about the process to buy or sell a home please go to nar.realtor/the-facts. Make sure you scroll down to see everything. There are guides and videos. Let me know if you have any questions.
You can also go to request a home valuation, sign-up for email alerts, down payment assistance, and search for a home. Click on everything that is underlined and red to go to the information.
All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day as agents upload their information.
Fox Valley area of Illinois home prices May 17th. Have an awesome week!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101