Fox Valley area of Illinois home prices January 18th
Fox Valley area of Illinois home prices January 18th. 30 degrees and sunny today but it is sure is windy. This next week temperatures are going to take a dive in the beginning of the week. High’s from 8 degrees to 40. Low’s from -7 to 24 degrees.
New listing this week are consistent. 138 this week compared to 134 the previous week.
Closed listings are also consistent. 109 this week compared to 115 the previous week.
Here are the communities with the most activity this week.
Aurora New-13 $210,000-$815,000
Closed-10 $64,000-$480,000
Bolingbrook New-18 $220,000-$825,000
Closed-4 $267,000-$462,500
Elgin New-19 $224,900-$770,000
Closed-14 $210,000-$699,900
Naperville New-15 $379,000-$2,899,900
Closed-14 $445,000-$2,075,000
Plainfield New-19 $219,900-$865,990
Closed-18 $242,000-$955,000
St Charles New-18 $325,000-$6,950,000
Closed-4 $402,000-$1,150,600
Other communities had activity this week. Look at the photo above to see their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $429,900, last week $448,250.
Closed median price this week $424,786, last week $432,450.
Conventional financing was used to close on 74 homes this week at median price $462,500 with 41 days average market time, last week 78 homes at median price $452,000 with 51 days average market time.
Cash was used to close on 18 homes this week at median price $307,500 with 38 days average market time, last week 24 homes at median price $425,000 with 68 days average market time.
FHA financing was used to close on 13 homes this week at median price $350,000 with 79 days average market time, last week 10 homes at median price $401,500 with 52 days average market time.
VA financing was used to close on 3 homes this week at median price $560,000 with 49 days average market time, last week 3 homes at median price $340,900 with 79 days average market time.
2,000 SF or more closed on 67 homes this week at median price $496,500 with 49 days average market time, last week 73 homes at median price $524,900 with 48 days average market time. Minimum price this week $180,000, last week $314,900.
Over 67 percent of homes closed this week used conventional financing.
Homes that are priced right and in market-ready condition are still selling right away. You do not want to wait on them.
Prices and market time fluctuate with what is available and what condition the homes are in.
You really need to drill down to the location a home is in to see prices and market time.
Under contract this week
Homes that went under contract this week are up. 144 this week compared to 103 the previous week.
Here are the communities seller’s accepted the most contracts.
Aurora-22 Bolingbrook-12
Elgin-16 Naperville-19
Plainfield-21
Take a look at the photo above to see other communities with activity.
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 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 48 hours.
That is only 5 out of 144 that are contingent on either a closing or sale and closing. So it is hard to find the right seller that is willing to accept under these conditions.
Under contract median price this week $398,750 with 50 days average market time, last week $439,900 with 103 days average market time.
2025 by the month
Month New Closed Under contract
January 356 335 337
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.
Since August 17th rules have changed and we now have to have a buyer’s brokerage agreement signed before showing any homes. Information on this and other things related to buying and selling a home can be found at the National Association of REALTORS site here. Scroll down to see all the consumer resources.
Also check out down payment assistance, IHDA programs, 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 as agents upload their information.
Fox Valley area of Illinois home prices January 18th. Have an awesome week! Stay warm.
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101