Fox Valley area of Illinois home prices March 7th
Fox Valley area of Illinois home prices March 7th.
It is 57 degrees and raining right now. This week we should see highs from 45-71 degrees and lows from 26-44 degrees,
New listing this week 234 and closed listings 140.
Communities with the most activity this week.
Aurora New-23 $160,000-$675,000
Closed-24 $200,000-$476,000
Bolingbrook New-13 $324,900-$929,000
Closed-15 $259,000-$655,000
Elgin New-23 $249,000-$730,000
Closed-9 $145,000-$499,990
Geneva New-14 $499,900-$1,150,000
Closed-3 $510,000-$760,000
Naperville New-41 $339,000-$3,285,000
Closed-17 $374,900-$1,195,000
Oswego New-17 $334,900-$1,700,000
Closed-3 $412,500-$572,500
Plainfield New-23 $299,900-$1,275,000
Closed-22 $280,000-$886,000
St Charles New-10 $489,000-$3,990,000
Closed-4 $425,000-$1,350,000
Yorkville New-11 $265,000-$769,900
Closed-6 $326,000-$835,000
Look at photo above to see other communities that also had activity and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $556,995.
Median closed price this week $420,000.
Conventional financing was used to close on 96 homes this week at median price $432,240 with 58 days average market time.
Cash was used to close on 16 homes at median price $279,950 with 31 days average market time.
FHA financing was used to close on 16 homes this wee at median price $425,000 with 60 days average market time.
VA financing was used to close on 11 homes this week at median price $384,900 with 52 days average market time.
2,000 SF or more closed on 72 homes this week at median price $531,000 with 64 average market time.
Minimum price this week $150,000.
A little over 68% of homes closed used conventional financing and a little over 51% of homes closed were at least 2,000 SF or more.
Our MLS is updating things and I can’t figure out how to take off the bedrooms and bathroom and other information off of the download. It makes things a mess. Hopefully I will figure that out before next week.
Under contract this week
184 homes went under contract this week.
Here are the communities with the most activity.
Aurora-23 Elgin-18
Naperville-21 Oswego-13
Plainfield-22
Take a look at the photo above to see what other communities also had seller’s accept contracts.
No short sales were accepted this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours and 1 with 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 each with kick-out clauses of 72, 48 and 24 hours. There was 1 that did not have a time limit that we can see.
Under contract median price this week $449,950 with 50 days market time.
2026 by the month
Month New Closed Under contract
January 526 416 392
February 668 477 673
March 234 140 184
I think things are starting to pick up a little bit.
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 2025 and 2024 so you have something to compare to
Contact us
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal.
For information about the buying and selling process go tonar.realtor/the-facts and scroll down to the guides and videos. Let us know what questions you have.
To find out what your home might sell for in today’s market and and estimate what you might walk away with go to request a home valuation.
You can receive listings as they hit the market by signing up for email alerts.
Search for a home anytime.
All data was downloaded this morning from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices March 7th. 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