Fox Valley area of Illinois home prices November 29th
Fox Valley area of Illinois home prices November 29th. It is 28 degrees right now and snowing. This next week we should see highs from 22-32 degrees and lows from 10-25 degrees. Definitely a change in weather.
New listings are down. 81 this week compared to 142 the previous week.
Closed listings are also down. 149 this week compared to 199 the previous week.
It is a holiday week so it is shorter.
Aurora New-7 $262,000-$629,000
Closed-14 $232,000-$830,000
Bolingbrook New-6 $299,900-$589,000
Closed-13 $280,000-$925,000
Elgin New-7 $150,000-$654,990
Closed-16 $275,000-$638,435
Naperville New-4 $314,000-$789,000
Closed-13 $380,000-$920,000
Oswego New-9 $479,500-$636,820
Closed-12 $330,000-$690,000
Plainfield New-18 $265,000-$975,000
Closed-19 $336,000-$650,000
Take a look at 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 $455,000, last week $429,900.
Closed median price this week $455,000, last week $445,000.
Conventional financing was used to close on 112 homes this week at median price $470,000 with 47 days average market time, last week 150 homes at median price $467,450 with 37 days average market time.
Cash was used to close on 19 homes this week at median price $470,000 with 50 days average market time, last week 24 homes at median price $420,000 with 30 days average market time.
FHA financing was used to close on 13 homes this week at median price $347,000 with 59 days average market time, last week 14 homes at median price $375,000 with 31 days average market time.
VA financing was used to close on 3 homes this week at median price $377,000 with 23 days average market time, last week 11 homes at median price $495,000 with 75 days average market time.
2,000 SF or more closed on 90 homes this week at median price $521,000 with 59 days average market time, last week 112 homes at median price $561,250 with 51 days average market time. Minimum price this week $255,000, last week $330,000.
Over 75% of homes closed this week used conventional financing and over 60% of homes closed were at least 2,000 SF or more.
2 homes that were closed didn’t come under any of these categories. They might of used a renovation loan or something else.
Under contract this week
Homes under contract this week are down. 125 this week compared to 158 the previous week.
Aurora-19 Elgin-15
Naperville-16 Plainfield-19
No short sales were accepted by seller’s this week.
Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours, and 2 with 24 hours.
Also, seller’s accepted contracts this week that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours and 4 with 48 hours.
Under contract median price this week $425,000 with 46 days average market time, last week $419,450 with 56 days average market time.
2025 by the month and a look back at 2024 and 2023
2025
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 568 678 641
Totals 10048 8540 9192
2024
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 1077 1002 1075
June 1009 906 918
July 1173 1050 1094
August 883 858 725
September 849 734 777
October 990 936 878
November 587 659 601
Totals 9255 8384 8951
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 926
July 765 745 805
August 869 988 915
September 684 621 623
October 639 568 549
November 601 720 610
Totals 7701 7331 7984
We are definitely doing better than 2023 but only 156 more closings this year than last year. Closings are the most important column to look at.
Check back with us every Saturday for the real estate update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 for all your real estate questions. Your goal is our goal.
Buyer’s and seller’s can go to nar.realtor/the-facts and scroll down to see the guides and videos explaining about the process
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 29th. 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