Fox Valley area of Illinois home prices May 31st
Fox Valley area of Illinois home prices May 31st. 68 degrees right now with temperatures for the next week highs 67-89 degrees and lows from 46-65 degrees.
New listings this week are up slightly. 267 this week compared to 241 the previous week.
Closed listing are slightly up. 211 this week compared to 197 the previous week.
Aurora New-44 $190,000-$799,000
Closed-23 $102,000-$818,120
Bolingbrook New-14 $220,000-$790,000
Closed-12 $300,000-$847,171
Elgin New-21 $249,900-$628,990
Closed-15 $255,000-$588,990
Geneva New-11 $335,000-$899,900
Closed-5 $492,000-$834,900
Naperville New-56 $335,000-$2,249,000
Closed-41 $469,900-$1,815,000
Plainfield New-30 $300,000-$725,000
Closed-29 $312,000-$750,000
St Charles New-21 $275,000-$1,399,900
Closed-12 $358,000-$1,795,000
Yorkville New-11 $345,000-$900,000
Closed-8 $340,000-$950,000
Check the photo above for 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 $499,900, last week $475,000.
Closed median price this week $513,900, last week $440,000.
Conventional financing was used to close on 155 homes this week at median price $529,000 with 28 days average market time, last week 141 homes at median price $460,000 with 34 days average market time.
Cash was used to close on 30 homes this week at median price $602,500 with 40 days average market time, last week 32 homes at median price $440,000 with 36 days average market time.
FHA financing was used to close on 12 homes this week at median price $435,000 with 34 days average market time, last week 19 homes at median price $352,000 with 47 days average market time.
VA financing was used to close on 11 homes this week at median price $435,000 with 34 days average market time, last week 2 homes at median price $457,500 with 18 days average market time.
2,000 SF or more closed on 131 homes this week at median price $615,000 with 35 days average market time, last week 11 homes at median price $547,740 with 39 days average market time. Minimum price this week and the previous week was both $295,000.
A little over 73% of homes closed this week used conventional financing. 62% of homes closed this week were at least 2,000 SF or more.
Some areas of the country are going the other direction. We are still a seller’s market.
Under contract this week
Homes that went under contract this week are down. 199 this week compared to 261 the previous week.
Aurora-31 Bolingbrook-17
Elgin-17 Naperville-35
Plainfield-17 St Charles-15
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, 7 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, 5 with 48 hours, and 1 with 24 hours.
That is only 9 1/2% of homes that went under contract had a contingency of a home close or home sale and close. That is higher than I have seen lately but it is still not a lot.
Under contract median price this week $475,000 with 30 days average market time, last week $450,000 with 27 days average market time.
2025 by the month and a look back at 2024 and 2023
2025
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
Totals 4117 3265 3921
2024
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 1077 1002 1075
Totals 3764 3241 3958
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
Totals 3113 2630 3556
There were more new listings this year. Not too many more closed listings which is the most important one to look at.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
So much has changed if you haven’t been in the real estate market for a while or if this is your first time. You can go to nar.realtor/the-facts and scroll down to some very informative guides and videos about buying and selling a home.
You can also go to request a home valuation, sign-up for email alerts, down payment assistance, and search for a home.
All data downloaded this morning from our MLS, MRED, LLC. It changes throughout the day as agents upload new information.
Fox Valley area of Illinois home prices May 31st. Have an awesome week!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101