Fox Valley area of Illinois home prices March 8th
Fox Valley area of Illinois home prices March 8th. 44 and sunny today. This next week we should see highs from 47-67 and lows from 27-48. A roller coaster week ahead. I am looking forward to it.
New listings this week are up. 180 this week compared to 156 the previous week.
Closed listings are down sightly. 143 this week compared to 159 the previous week.
Aurora New-20 $200,000-$549,900
Closed-11 $245,000-$611,560
Bolingbrook New-10 $250,000-$549,900
Closed-13 $230,000-$645,750
Elgin New-22 $219,000-$750,000
Closed-17 $243,000-$574,990
Naperville New-28 $365,000-$3,200,000
Closed-21 $449,900-$1,390,000
Oswego New-10 $289,900-$642,310
Closed-5 $305,000-$552,970
Plainfield New-25 $359,900-$842,000
Closed-22 $290,000-$686,860
St Charles New-10 $279,900-$1,675,000
Closed-8 $325,000-$750,000
These are the communities with the most activity this week. Look at the 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 $440,000, last week $441,305
Closed median price this week $418,000, last week $439,000
Conventional financing was used to close on 107 homes this week at median price $426,700 with 45 days average market time, last week 117 homes at median price $450,000 with 59 days average market time.
Cash was used to close on 19 homes this week at median price $400,000 with 52 days average market time, last week 20 homes at median price $432,500 with 35 days average market time.
FHA financing was used to close on 12 homes this week at median price $310,000 with 64 days average market time, last week 20 homes at median price $312,500 with 60 days average market time.
VA financing was used to close on 4 homes this week at median price $404,500 with 136 days average market time, last week 3 homes at median price $315,000 with 19 days average market time.
2,000 SF or more closed on 74 homes this week at median price $539,500 with 62 days average market time, last week 91 homes at median price $545,000 with 65 days average market time. Minimum price this week $245,000, last week $181,000.
Just under 75% or homes closed this week used conventional financing. Slightly over 8% of homes used FHA financing to close. It is not impossible to use FHA but it is harder to get accepted.
Over 51% of homes closed this week were at least 2,000 SF or more.
Under contract this week
Homes that went under contract this week are pretty consistent. 170 this week compared to 163 the previous week.
Aurora-26 Bolingbrook-11
Elgin-23 Naperville-16
Plainfield-20 St Charles-11
These are the communities with the most contracts accepted. Take a look at photo above for other communities that had activity as well.
1 short sale was accepted by a seller this week. It was in Aurora.
Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.
Under contract median price this week $432,500 with 41 days average market time, last week $435,000 with 56 days average market time.
2025 by the month
Month New Closed Under contract
January 585 570 652
February 609 504 590
March 180 143 170
Totals 1374 1217 1412
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.
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All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day as agents upload information.
Fox Valley area of Illinois home prices March 8th. Have an awesome week! Spring is on the way.
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101