Fox Valley area of Illinois home prices May 3rd
Fox Valley area of Illinois home prices May 3rd. It is 60 degrees and sunny today for a change. We have had so much rain lately.
Highs for this next week range from 60-76 degrees. Lows range from 42-29 degrees.
New listings this week are consistent. 230 this week compared to 231 the previous week.
Closed listings this week are up. 233 this week compared to 161 the previous week.
Aurora New-27 $219,900-$885,000
Closed-28 $185,000-$957,042
Bolingbrook New-13 $249,000-$649,900
Closed-16 $222,000-$907,000
Elgin New-32 $294,000-$750,000
Closed-34 $203,950-$665,000
Naperville New-42 $320,000-$1,399,900
Closed-30 $310,000-$2,000,000
Oswego New-11 $299,000-$534,990
Closed-12 $265,000-$565,000
Plainfield New-29 $299,900-$960,000
Closed-30 $254,000-$867,623
St Charles New-11 $339,900-$1,299,999
Closed-13 $353,000-$2,550,000
West Chicago New-7 $269,000-$749,896
Closed-10 $325,000-$950,000
Check the photo above to see other communities that also had activity this week and their price ranges. We just highlighted the ones with the most activity.
Financing used, median prices, and 2,000 SF or more
Median list price this week $469,900, last week $439,990.
Closed median price this week $435,000, last week $427,500.
Conventional financing was used to close on 167 homes this week at median price $469,900 with 25 days average market time, last week 118 homes at median price $438,375 with 37 days average market time.
Cash was used to close on 35 homes this week at median price $452,000 with 63 days average market time, last week 22 homes at median price $405,500 with 47 days average market time.
FHA financing was used to close on 21 homes this week at median price $330,000 with 48 days average market time, last week 14 homes at median price $334,000 with 33 days average market time.
VA financing was used to close on 11 homes this week at median price $416,500 with 10 days average market time, last week 5 homes at median price $358,000 with 40 days average market time.
2,000 SF or more closed on 133 homes this week at median price $559,900 with 31 days average market time, last week 83 homes at median price $579,900 with 49 days average market time. Minimum price this week for a 2,000 SF or more home $203,950, last week $200,000.
Conventional financing was just over 71% of the homes closed this week. 57% of homes closed were at least 2,000 SF or more.
I was happy to see how many VA loans were accepted by seller’s and closed this week.
FHA loans are still having a hard time getting accepted by seller’s.
Under contract this week
Homes that went under contract this week are up. 230 this week compared to 197 the previous week.
Aurora-28 Bolingbrook-16
Elgin-25 Montgomery-10
Naperville-32 Oswego-12
Plainfield-27 St Charles-18
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. 7 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. 5 with a kick-out clause of 72 hours and 2 with 48 hours.
Under contract median price this week $437,450 with 33 days average market time, last week $469,900 with 41 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 230 233 230
Totals 3065 2537 3036
You can see the totals are increasing each month. At the end of the month we will also take a look back at 2024 and 2023.
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.
For some great guides and videos that explain the process of buying and selling a home go to nar.realtor/the-facts. Scroll down to see all the information.
You can also request a home valuation, sign-up for email alerts, down payment assistance, and search for a home.
All data provided today was downloaded from our MLS MRED, LLC. It changes throughout the day as agents upload information.
Fox Valley area of Illinois home prices May 3rd. Have an awesome week!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101