Fox Valley area of Illinois home prices November 15th
Fox Valley area of Illinois home prices November 15th. It is 64 right now and cloudy. This next week we should see highs from 46-70 degrees and lows from 27-49 degrees.
New listings are down. 152 this week compared to 193 the previous week.
Closed listings are consistent. 162 this week compared to 168 the previous week.
Aurora New-29 $219,000-$849,900
Closed-23 $145,000-$763,334
Bolingbrook New-12 $300,000-$749,900
Closed-10 $240,000-$883,000
Elgin New-10 $299,900-$761,770
Closed-21 $170,000-$925,000
Naperville New-14 $450,000-$1,800,000
Closed-28 $390,000-$1,710,000
Plainfield New-23 $319,000-$539,000
Closed-21 $337,000-$1,260,000
Look at the photo above for other communities that also had activity this week and their price ranges. You might need to adjust where you are looking.
Financing used, median prices, and 2,000 SF or more
Median list price this week $427,450, last week $449,900
Closed median price this week $430,000, last week $438,500
Conventional financing was used to close on 114 homes this week at median price $445,000 with 37 days average market time, last week 115 homes at median price $469,900 with 46 days average market time.
Cash was used to close on 28 homes this week at median price $455,000 with 43 days average market time, last week 34 homes at median price $392,500 with 45 days average market time.
FHA financing was used to close on 13 homes this week at median price $329,500 with 41 days average market time, last week 12 homes at median price $376,500 with 12 days average market time.
VA financing was used to close on 5 homes this week at median price $415,000 with 64 days average market time, last week 7 homes at median price $428,000 with 17 days average market time.
2,000 SF or more closed on 88 homes this week at median price $577,292 with 45 days average market time, last week 97 homes at median price $529,990 with 47 days average market time. Minimum price this week $285,000, last week $275,000.
Over 70% of homes closed this week used conventional financing and over 54% of homes were at least 2,000 SF or more.
Under contract this week
Homes that went under contract are exactly the same number just a difference in communities. Both weeks 179 homes went under contract.
Aurora-19 Bolingbrook-12
Elgin-27 Naperville-15
Plainfield-26 St Charles-10
2 short sales were accepted by seller’s this week. 1 in Bolingbrook and 1 in South Elgin. Now they 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. 1 each with a kick-out clause of 72 hours, 48 hours, and 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 72 hours, 4 with 48 hours, 1 with 24 hours and 2 that do not state the hours.
Under contract median price this week $415,000 with 55 days average market time, last week $449,900 with 48 days average market time.
2025 by the month
Month New Closed Under contract
January 585 590 652
February 609 504 590
March 785 569 746
April 856 661 818
May 1282 961 1115
June 1098 871 948
July 1278 1169 1063
August 935 858 843
September 1012 698 785
October 1040 981 991
November 345 330 358
Totals 9825 8192 8909
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 if our goal.
Buyers and sellers can go to nar.realtor/the-facts and scroll down to see the guides and videos explaining the process to buy and sell a home.
You can also request a home valuation, sign-up for email alerts, down payment assistance, IHDA programs, and search for a home.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices November 15th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SFR, SRES, SRS
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101