Fox Valley area of Illinois home prices March 15th
Fox Valley area of Illinois home prices March 15th. 63 degrees and very windy right now. This next week we should see temperatures ranging from 41-71 for highs and 25-49 for lows. It will be a roller coaster for a little while.
New listings this week are up. 204 this week compared to 180 the previous week.
Closed listing this week are down. 128 this week compared to 143 the previous week.
Aurora New-22 $239,900-$699,000
Closed-14 $155,000-$685,555
Bolingbrook New-19 $222,000-$790,000
Closed-8 $300,0000-$423,500
Elgin New-30 $130,000-$1,350,000
Closed-4 $266,000-$627,990
Naperville New-8 $394,900-$2,499,995
Closed-13 $375,000-$1,530,000
Oswego New-15 $375.-$900,000
Closed-5 $445,000-$810,585
Plainfield New-27 $264,000-$965,000
Closed-20 $240,000-$895,045
These are the communities with the most activity this week. To see the other communities that also had activity 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 $468,999, last week $440,000.
Closed median price this week $406,250, last week $418,000.
Conventional financing was used to close on 88 homes this week at median price $421,750 with 56 days average market time, last week 107 homes at median price $426,700 with 45 days average market time.
Cash was used to close on 15 homes this week at median price $425,000 with 15 days average market time, last week 19 homes at median price $400,000 with 52 days average market time.
FHA financing was used to close on 16 homes this week at median price $352,250 with 65 days average market time, last week 12 homes at median price $310,000 with 64 days average market time.
VA financing was used to close on 8 homes this week at median price $394,950 with 28 days average market time, last week 4 homes at median price $404,500 with 136 days average market time.
2,000 SF or more closed on 67 homes this week at median price $498,000 with 61 days average market time, last week 74 homes at median price $539,500 with 62 days average market time. Minimum price this week $240,000, last week $245,000.
68% of homes closed this week used conventional financing. This week is the first time in a very long time that FHA financing was used to close more than cash. It was only by 1. We will have to see if this continues.
Under contract this week
Homes that went under contract this week are slightly up. 189 this week compared to 170 the previous week.
Aurora-27 Bolingbrook-15
Elgin-21 Naperville-28
Plainfield-29 St Charles-11
These are the communities that seller’s accepted the most contracts this week. See 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. 3 with a kick-out clause of 72 hours and 3 with 48 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.
Under contract median price this week $425,000 with 50 days average market time, last week median price $432,500 with 41 days average market time.
2025 by the month
Month New Closed Under contract
January 585 570 652
February 609 504 590
March 384 271 350
Totals 1578 1345 1592
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 it to.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
You can click on anything that is red, bold and underlined to take you to some great information.
National Association of REALTORS get the facts for guides and videos for the start to finish information about buying and selling a home.
You can also request a home valuation, sign-up for email alerts, and search for a home today.
Down payment assistance is also something you should take a look at.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices March 15th. Have an awesome week!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101