Fox Valley area of Illinois home prices February 1st
Fox Valley area of Illinois home prices February 1st. Partly cloudy today and 33 degrees. 50 tomorrow and 47 Monday then back to the 30’s for a high. Lows from 18-35 this next week.
New listings this week are up. 126 this week compared to 103 the previous week.
Closed listings are also up. 139 this week compared to 96 the previous week.
Here are the communities with the most activity this week in the Fox Valley area.
Aurora New-17 $159,900-$895,000
Closed-11 $183,000-$395,000
Elgin New-14 $259,900-$729,000
Closed-16 $205,000-$850,000
Naperville New-16 $499,900-$1,800,000
Closed-15 $401,000-$2,825,000
Oswego New-3 $300,000-$670,000
Closed-15 $255,000-$640,000
Plainfield New-22 $299,900-$679,900
Closed-19 $252,500-$773,779
St Charles New-6 $665,000-$1,195,000
Closed-15 $395,000-$1,842,500
The photo above shows the other communities that had activity this week and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $449,900, last week $436,610.
Closed median price this week $410,000, last week $420,000.
Conventional financing was used to close on 90 homes this week at median price $412,495 with 60 days average market time, last week 63 homes at median price $469,150 with 52 days average market time.
Cash was used to close on 27 homes this week at median price $474,125 with 76 days average market time, last week 23 homes this week at median price $410,000 with 79 days average market time.
FHA financing was used to close on 17 homes this week at median price $322,000 with 44 days average market time, last week 10 homes at median price $314,950 with 108 days average market time.
VA financing was used to close on 3 homes this week at median price $735,000 with 37 days average market time, last week 1 home at $365,500 with 46 days average market time.
2,000 SF or more closed on 84 homes this week at median price $541,995 with 71 days average market time, last week 58 homes at median price $499,995 with 75 days average market time. Minimum price this week $239,900, last week $311,000.
Just under 65% of homes closed this week using conventional financing. Conventional financing and cash combined made up just over 84 %.
Under contract this week
Homes that went under contract this week are consistent. 155 this week compared to 160 the previous week.
Here re the communities that seller’s accepted the most contracts this week.
Aurora-19 Bolingbrook-20
Elgin-12 Naperville-19
Plainfield-24 St Charles-12
No short sales accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours and 4 with 48 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 and 2 with 24 hours.
Under contract median price this week $409,990 with 61 days average market time, last week $417,450 with 52 days average market time.
2025 by the month and a look back at 2024 and 2023
2025
Month New Closed Under contract
January 588 570 652
2024
January 576 523 599
2023
January 483 326 470
This year we are ahead of the last couple of years. I hope it continues.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
If you are thinking about buying or selling a home here are some great guides to look at here. Scroll down to the guides.
You can also request a home valuation, sign-up for email alerts, and search for a home.
Other things you might be interested in down payment assistance and IHDA programs.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices February 1st. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101