Fox Valley area of Illinois activity January 11th
Fox Valley area of Illinois activity January 11th. High temperatures for this next week will go from 16-43 degrees. Lows from 4-26. Winter will be with us for a while.
New listings this week are up. 134 this week compared to 84 the previous week.
Closed listings this week are consistent. 116 this week compared to 110 the previous week.
Here are the communities with the most activity this week.
Aurora New-13 $205,000-$695,000
Closed-12 $220,000-$1,025,000
Bolingbrook New-11 $199,900-$625,000
Closed-6 $298,000-$468,000
Elgin New-16 $246,995-$600,000
Closed-14 $135,000-$711,230
Naperville New-21 $434,900-$1,999,000
Closed-13 $415,000-$1,100,000
Oswego New-6 $349,900-$1,299,000
Closed-11 $327,500-$620,000
Plainfield New-19 $339,000-$929,000
Closed-13 $350,000-$826,000
See the picture above for the other communities that had activity and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $448,250, last week $427,450.
Closed median price this week $432,450, last week $425,000
Conventional financing was used to close on 78 homes this week at median price $452,000 with 51 days average market time, last week 82 homes at median price $442,500 with 37 days average market time.
Cash was used to close on 24 homes this week at median price $425,000 with 68 days average market time, last week 14 homes at median price $378,750 with 33 days average market time.
FHA financing was used to close on 10 homes this week at median price $401,500 with 52 days average market time, last week 11 homes at median price $372,000 with 41 days average market time.
VA financing was used to close on 3 homes this week at median price $340,900 with 79 days average market time, last week 2 homes at median price $550,625 with 35 days average market time.
2,000 SF or more closed on 73 homes this week at median price $524,900 with 48 days average market time, last week 64 homes at median price $490,000 with 44 days average market time. Minimum price this week $314,900, last week $250,000.
67% or homes closed this week used conventional financing.
More than half of the homes closed this week were at least 2,000 SF or more.
Under contract this week
103 homes went under contract this week compared to 90 the previous week.
Communities with the most activity this week with seller’s accepting the most contracts.
Aurora-11 Elgin-12
Naperville-11 Plainfield-19
No short sales accepted this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 each with a kick-out clause of 72 and 48 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72,48, and 24 hours.
Under contract this week median price $439,900 with 74 days average market time, last week $414,200 with 67 days average market time.
Activity is picking up now that we are past the holidays.
2025 by the month
Month New Closed Under contract
January 218 226 193
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 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.
Go to the NATIONAL ASSOCIATION OF REALTORS site Hereand scroll down until you see consumer resources for homebuyers and sellers for some good information that might be helpful to you.
Also
You can also ask your lender if they have any programs to help you.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Our contract to purchase is changing February 1st so be ready for us to spend extra time explaining it to you.
Fox Valley area of Illinois activity January 11th. Have an awesome week and stay warm!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101