Fox Valley area of Illinois home prices September 13th
Fox Valley area of Illinois home prices September 13th. It is 71 degrees and cloudy right now. This next week we should see highs between 71-90 degrees and lows between 55-62.
New listings this week are very consistent. 257 this week compared to 259 the previous week.
Closed listings are down slightly. 165 this week compared to 178 the previous week.
Aurora New-31 $220,00-$684,900
Closed-16 $215,000-$1,115,100
Bolingbrook New-22 $280,000-$649,990
Closed-13 $250,000-$839,565
Elgin New-24 $140,000-$925,000
Closed-11 $182,500-$569,990
Naperville New-37 $407,500-$3,285,000
Closed-18 $435,000-$1,879,000
Oswego New-17 $379,900-$1,399,000
Closed-10 $260,000-$495,786
Plainfield New-38 $245,000-$799,000
Closed-25 $311,000-$765,000
St Charles New-10 $370,000-$925,000
Closed-11 $285,000-$851,000
See 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 $450,000, last week $484,990.
Closed median price this week $445,000, last week $447,500.
Conventional financing was used to close on 119 homes this week at median price $460,000 with 30 days average market time, last week 133 homes at median price $450,000 with 33 days average market time.
Cash was used to close on 24 homes this week at median price $437,500 with 27 days average market time, last week 24 homes at median price $465,000 with 32 days average market time.
FHA financing was used to close on 15 homes this week at median price $400,000 with 39 days average market time, last week 16 homes at median price $384,500 with 35 days average market time.
VA financing was used to close on 7 homes this week at median price $439,000 with 30 days average market time, last week 5 homes at median price $491,000 with 35 days average market time.
2,000 SF or more closed on 96 homes this week at median price $528,000 with 35 days average market time, last week we had an issue and the information didn’t download correctly. Minimum price this week $293,000.
A little over 72% of homes closed this week using Conventional financing.
Under contract this week
Homes under contract this wee are up. 214 this week compared to 166 the previous week.
Aurora-27 Bolingbrook-14
Elgin-26 Napeville-28
Plainfield-22 St Charles-15
No short sales accepted this week by seller’s.
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, and 2 with 48 hours, and 1 with 24 hours.
Also, seller’s accepted contracts this week that are contingent on the buyer selling and closing on their current home. 6 with a kick-out clause of 72 hours, 5 with 48 hours, and 4 with 24 hours.
That is only 19 out of 165 that accepted contracts with home contingencies.
Under contract median price this week $449,950 with 42 days average market time, last week median price $424,950 with 40 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 516 343 380
Totals 7944 6526 7155
As you can see the volume of activity still revolves around the school year.
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 first-time buyer/seller or have not gone through the process in a while you might want information about the process. You can go to nar.realtor/the-facts and scroll down to the guides and videos for some great information. If you can’t find what you are looking for let us know and we will point you in the right direction.
You can also go to 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.
Fox Valley area of Illinois home price September 13th. Have an awesome week!
Kristine Heiman, Managing Broker
ABR, AHWD, MRP, SRS, SRES, SFR
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101