Fox Valley area of Illinois home prices February 15th
Fox Valley area of Illinois home prices February 15th. More snow today and tomorrow. Highs from 6-36 for the next week. Lows from -7-22.
New listings this week are down slightly. 140 this week compared to 151 the previous week.
Closed listings also down slightly. 100 this week compared to 120 the previous week.
Here are the communities with the most activity this week.
Aurora New-12 $234,900-$550,000
Closed-19 $175,000-$552,851
Elgin New-8 $309,000-$699,990
Closed-10 $210,000-$740,105
Naperville New-22 $435,000-$3,999,000
Closed-15 $395,000-$1,051,000
Oswego New-14 $365,000-$1,600,000
Closed-8 $435,500-$588,000
Plainfield-New 16 $354,900-$825,000
Closed-10 $353,000-$594,090
Look at the photo above to see other communities that had activity this week and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $460,945, last week $465,000.
Closed median price this week $442,500, last week $433,495.
Conventional financing was used to close on 68 homes this week at median price $444,995 with 45 days average market time, last week 78 homes at median price $452,500 with 40 days average market time.
Cash was used to close on 18 homes this week at median price $470,549 with 84 days average market time, last week 24 homes at median price $418,750 with 59 days average market time.
FHA financing was used to close on 8 homes this week at median price $435,250 with 39 days average market time, last week 12 homes at median price $332,500 with 58 days average market time.
VA financing was used to close on 6 homes this week at median price $376,500 with 104 days average market time, last week 3 homes at median price $500,000 with 51 days average market time.
2,000 SF or more closed on 56 homes this week at median price $536,700 with 81 days average market time, last week 68 homes at median price $504,842 with 51 days average market time. Minimum price this week $328,000, last week $275,000.
68% of homes closed this week used conventional financing. FHA financing was used on only 8 homes this week.
Under contract this week
Homes that went under contract this week were pretty consistent. 139 this week compared to 143 the previous week.
Here are the communities that seller’s accepted the most contracts this week.
Aurora-16 Bolingbrook-12
Elgin-12 Naperville-17
Plainfield-17
No short sales were accepted this week by seller’s.
Seller’s accepted contracts 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. 4 with a kick-out clause of 48 hours and 1 with 24 hours.
Under contract median price this week $409,000 with 46 days average market time, last week $429,900 with 44 days average market time.
2025 by the month
Month New Closed Under contract
January 585 570 652
February 291 220 282
Totals 876 790 934
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.
The National Association of REALTORS has some guides and videos about the new buyer representation agreements and other things about buying and selling a home. Click on it and then scroll down to the information.
You can also request a home valuation, sign-up for email alerts, and search for a home anytime. Click on each one to take you to the information.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices February 15th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101