Fox Valley area of Illinois home prices February 8th
Fox Valley area of Illinois home prices February 8th. Lightly snowing and 30 degrees right now. 21-35 for highs this next week with 3-22 degrees for lows. Winter continues.
New listings this week are up. 151 this week compared to 126 the previous week.
Closed listings are slightly down. 120 this week compared to 139 the previous week.
Take a look at the communities with the most activity this week.
Aurora New-16 $309,900-$974,596
Closed-17 $157,500-$720,000
Elgin New-10 $295,000-$1,000,000
Closed-16 $165,000-$686,425
Naperville New-19 $364,900-$3,900,000
Closed-9 $485,000-$1,250,000
Plainfield New-43 $328,000-$929,000
Closed-18 $199,900-$680,000
Check out the photo above for 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 $465,000, last week $449,900.
Closed median price this week $433,495, last week $410,000.
Conventional financing was used to close on 78 homes this week at median price $452,500 with 40 days average market time, last week 90 homes at median price $412,495 with 60 days average market time.
Cash was used to close on 24 homes this week at median price $418,750 with 59 days average market time, last week 27 homes at median price $474,125 with 76 days average market time.
FHA financing used to close on 12 homes this week at median price $332,500 with 58 days average market time, last week 17 homes at median price $322,000 with 44 days average market time.
VA financing was used to close on 3 homes this week at median price $500,000 with 51 days average market time, last week 3 homes at median price $735,000 with 37 days average market time.
2,000 SF or more closed on 68 homes this week at median price $504,842 with 51 days average market time, last week 84 homes at median price $541,995 with 71 days average market time. Minimum price this week $275,000, last week $239,900.
65 % of homes closed this week using conventional financing.
Under contract this week
Homes that went under contract this week are pretty consistent. 143 this week compared to 155 the previous week.
Here are the communities seller’s accepted the most contracts.
Aurora-16 Elgin-12
Naperville-20 Plainfield-18
St Charles-11
1 short sale was accepted this week by a seller. It was in Plainfield.
Seller’s accepted contracts that are contingent on the buyer closing on their current home 1 with a kick-out clause of 72 hours, 1 with 48 hours, and 2 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours. 1 we do not know the hours for the kick-out.
Median price of homes that went under contract this week $429,900 with 44 days average market time, last week median price $409,990 with 61 days average market time.
2025 by the month
Month New Closed Under contract
January 585 570 652
February 151 120 143
Totals 736 690 795
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.
New rules since August 17th. We need a buyer’s brokerage agreement signed before showing any homes.
You can go to the National Association of REALTORS website and look at the guides provided there for some great information. Scroll down to see the guides and there is some videos as well.
You can also request a home valuation, sign-up for email alerts, and search for a home.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices February 8th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101