Fox Valley area of Illinois home prices November 22nd
Fox Valley area of Illinois home prices November 22nd. It is cloudy and 48 degrees right now. This next week we should see highs between 33-56 degrees and lows between 22-45 degrees. Almost all the leaves are down and it now gets dark at 5 pm. I am still getting used to this.
New listings are down slightly. 142 this week compared to 152 the previous week.
Closed listings are up. 199 this week compared to 162 the previous week.
Aurora New-21 $220,000-$549,950
Closed-23 $150,000-$700,000
Bolingbrook New-16 $215,000-$700,000
Closed-15 $235,550-$819,953
Elgin New-14 $224,900-$639,990
Closed-21 $220,000-$719,800
Naperville New-10 $432,000-$1,599,000
Closed-22 $430,000-$1,080,000
North Aurora New-2 $350,000-$579,000
Closed-12 $230,000-$719,245
Plainfield New-22 $335,000-$1,595,000
Closed-27 $300,000-$1,125,000
Yorkville New-6 $422,000-$589,999
Closed-10 $225,000-$685,000
Look at photo above to see other communities and their price ranges that also had activity this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $429,900, last week $427,450.
Closed median price this week $445,000, last week $430,000
Conventional financing was used to close on 150 homes this week at median price $467,450 with 37 days average market time, last week 114 homes at median price $445,000 with 37 days average market time.
Cash was used to close on 24 homes this week at median price $420,000 with 30 days average market time, last week 28 homes at median price $455,000 with 43 days average market time.
FHA financing was used to close on 14 homes this week at median price $375,000 with 31 days average market time, last week 13 homes at median price $329,500 with 41 days average market time.
VA financing was used to close on 11 homes this week at median price $495,000 with 75 days average market time, last week 5 homes at median price $415,000 with 64 days average market time.
2.000 SF or more closed on 112 homes this week at median price $561,250 with 51 days average market time, last week 88 homes at median price $577,292 with 45 days average market time. Minimum price this week $330,000, last week $285,000.
Over 75% of homes closed this week used conventional financing and over 56% of homes closed were at least 2,000 SF or more.
Under contract this week
Homes that went under contract are down. 158 this week compared to 179 the previous week.
Aurora-24 Elgin-18
Naperville-18 Plainfield-14
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, 4 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. 5 with a kick-out clause of 72 hours, 5 with 48 hours, and 2 with 24 hours.
That is only 19 out of 158 homes that went under contract that had some kind of home contingency.
Under contract median price this week $419,450 with 56 days average market time, last week $415,000 with 55 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 487 529 516
Totals 9967 8391 9067
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 is our goal.
If you are a buyer or seller and looking for information about the process go tonar.realtor/the-facts and scroll down to see the guides and videos. If you are still looking for information or have questions please let us know.
You can also go to 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 22nd. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SFR, SRS, SRES
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101