Fox Valley area of Illinois home prices May 24th
Fox Valley area of Illinois home prices May 24th. It is 68 degrees right now and partly cloudy. We are expected to see highs this week from 64-75 degrees with lows from 42-55 degrees. Thursday looks like best chance for rain.
New listings this week are down. 241 this week compared to 293 the previous week.
Closed listings are up. 197 this week compared to 162 the previous week.
Aurora New-22 $99,500-$849,900
Closed-19 $182,000-$548,941
Bolingbrook New-20 $270,000-$870,845
Closed-12 $249,900-$782,785
Elgin New-20 $179,000-$697,000
Closed-24 $179,900-$959,900
Naperville New-33 $409,503-$3,000,000
Closed-29 $320,000-$1,657,500
Oswego New-17 $360,000-$1,599,900
Closed-9 $315,000-$649,990
Plainfield New-37 $350,000-$839,900
Closed-20 $280,000-$734,153
St Charles New-19 $319,900-$1,175,000
Closed-16 $340,000-$950,000
Yorkville New-9 $330,000-$724,999
Closed-10 $390,000-$614,861
These are the communities with the most activity this week. Check the photo above to see other communities that had activity and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $475,000, last week $484,900.
Closed median price this week $440,000, last week $474,040.
Conventional financing was used to close on 141 homes this week at median price 460,000 with 34 days average market time, last week 117 homes at median price $485,000 with 24 days average market time.
Cash was used to close on 32 homes this week at median price $440,000 with 36 days average market time, last week 23 homes at median price $465,000 with 50 days average market time.
FHA financing was used to close on 19 homes this week at median price $352,000 with 47 days average market time, last week 12 homes at median price $378,500 with 60 days average market time.
VA financing was used to close on 2 homes this week at median price $457,500 with 18 days average market time, last week 9 homes at median price $435,000 with 54 days average market time.
2,000 SF or more closed on 111 homes this week at median price $547,740 with 39 days average market time, last week 100 homes at median price $560,450 with 33 days average market time. Minimum price this week $295,000, last week $305,000.
More than 71% of homes closed this week by using conventional financing. Over 56% of homes closed this week were at least 2,000 SF or more.
Prices do fluctuate with the housing stock that is available for the week. If we continue to see a trend we will let you know. So far we are still in a seller’s market.
Under contract this week
Homes that went under contract this week are up. 261 this week compared to 192 the previous week.
Aurora-32 Batavia-12
Bolingbrook-10 Elgin-24
Geneva-10 Naperville-48
Oswego-13 Plainfield-27
St Charles-18 Yorkville-11
These are the communities that seller’s accepted the most contracts. Check photo above to see other communities that also saw activity.
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. 5 with a kick-out clause of 72 hours, 6 with 48 hours, and 1 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 8 with 48 hours, and 2 with 24 hours.
That is only 9.5% of seller’s accepted contracts with a house contingency.
Under contract median price this week $450,000 with 27 days average market time, last week $450,000 with 31 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 1015 750 916
Totals 3850 3054 3722
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.
You can see the numbers are increasing every month and we still have 1 more full week left of May.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
If you are thinking about buying or selling a home it is worth your time to check these guides and videos nar.realtor/the-facts. You need to scroll down to see all the information that is there.
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 this morning from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices May 24th. Have an awesome week and Memorial weekend!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101