Fox Valley area of Illinois home prices March 1st
Fox Valley area of Illinois home prices March 1st. Sunny and 30 degrees right now. This morning there was some flurries. Nothing that you can see. We should see 40’s to 50’s this next week.
New listing this week are consistent. 156 this week compared to 162 the previous week.
Closed listing this week are up. 159 this week compared to 125 the previous week.
Here are the communities that had the most activity this week.
Aurora New-22 $224,000-$625,000
Closed-19 $232,000-$708,066
Bolingbrook New-9 $255,000-$449,900
Closed-10 $300,000-$615,000
Elgin New-19 $274,900-$740,000
Closed-21 $240,000-$757,500
Naperville New-27 $415,000-$2,480,000
Closed-14 $275,000-$1,200,000
St Charles New-13 $324,800-$2,400,000
Closed-13 $181,000-$1,725,000
Other communities had activity this week. Check the photo above to see which communities and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $441,305, last week $468,900.
Closed median price this week $439,000, last week $410,000
Conventional financing was used to close on 117 homes this week at median price $450,000 with 59 days average market time, last week 87 homes at median price 440,000 with 43 days average market time.
Cash was used to close on 20 homes this week at median price $432,500 with 35 days average market time, last week 20 homes at median price $417,500 with 65 days average market time.
FHA financing was used to close on 20 homes this week at median price $312,500 with 60 days average market time, last week 13 homes at median price $280,000 with 46 days average market time.
VA financing was used to close on 3 homes this week at median price $315,000 with 19 days average market time, last week 5 homes at median price $469,900 with 56 days average market time.
2,000 SF or more closed on 91 homes this week at median price $545,000 with 65 days average market time, last week 66 homes at median price $534,000 with 44 days average market time. Minimum price this week $181,000, last week $280,000.
Over 73 percent of homes closed this week used conventional financing. FHA financing was used on the same amount as cash this week. FHA is usually lower.
Under contract this week
Homes under contract this week are up slightly. 163 this week compared to 145 the previous week.
Here are the communities that seller’s accepted the most contracts.
Aurora-23 Bolingbrook-14
Elgin-23 Naperville-23
Plainfield-19
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 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. 3 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.
Under contract median price this week $435,000 with 56 days average market time, last week $439,900 with 49 days average market time.
2025 by the month
Month New Closed Under contract
January 585 570 652
February 609 504 590
Totals 1194 1074 1242
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.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Here are some guides from the National Association of REALTORS. Scroll down to see the guides and some videos there that cover from beginning to end of the process.
You can also request a home valuation, sign up for email alerts, and search for a home anytime.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices March 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