Fox Valley area of Illinois home prices March 22nd
Fox Valley area of Illinois home prices March 22nd. It is a gorgeous sunny spring day here today. Highs range from 45-65 and lows range from 30-52 for this next week.
New listings this week are down slightly. 190 this week compared to 204 the previous week.
Closed listings are up. 152 this week compared to 128 the previous week.
Aurora New-23 $205,000-$644,990
Closed-18 $220,000-$645,000
Bolingbrook New-11 $289,900-$899,900
Closed-9 $280,000-$584,500
Elgin New-19 $230,000-$764,360
Closed-11 $307,000-$614,990
Naperville New-27 $424,900-$3,599,000
Closed-22 $364,900-$!,550,000
Oswego New-15 $299,900-$765,000
Closed-8 $375,000-$640,000
Plainfield New-21 $229,900-$895,000
Closed-12 $325,000-$676.765
St Charles New-20 $341,000-$1,100,000
Closed-9 $300,000-$1,238,000
Check out the other communities that also had activity this week in photo above and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $450,000, last week $468,999
Closed median price this week $425,000, last week $406,250.
Conventional financing was used to close on 110 homes this week at median price $440,000 with 36 days average market time, last week 88 homes at median price $421,750 with 56 days average market time.
Cash was used to close on 23 homes this week at median price $425,000 with 54 days average market time, last week 15 homes at median price $425,000 with 15 days average market time.
FHA financing was used to close on 14 homes this week at median price $339,000 with 41 days average market time, last week 16 homes at median price $352,250 with 65 days average market time.
VA financing was used to close on 4 homes this week at median price $442,500 with 73 days average market time, last week 8 homes at median price $394,950 with 28 days average market time.
2,000 SF or more closed on 81 homes this week at median price $545,000 with 52 days average market time, last week 67 homes at median price $498,000 with 61 days average market time. Minimum price this week $255,000, last week $240,000.
72% of homes closed this week using conventional financing. If it is not cash it better be conventional financing if you want to have a chance at getting accepted.
The weather is improving and it is staying light longer. After work showings are not too bad. You can actually see something.
Under contract this week
Homes that went under contract this week are up slightly. 198 this week compared to 189 the previous week.
Aurora-23 Bolingbrook-14
Elgin-24 Naperville-29
Plainfield-25 St Charles-13
See the other communities in photo above that also had contracts accepted.
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 48 hours and 1 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with 48 hours and 2 with 24 hours.
Under contract median price this week $455,750 with 41 days average market time, last week $425,000 with 50 days average market time.
2025 by the month
Month New Closed Under contract
January 585 570 652
February 609 504 590
March 574 423 548
Totals 1768 1497 1790
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.
Click on everything that is bold and underlined to take you to the information.
You can go to nar.realtor/the-facts to see all the guides and videos on everything from beginning to end of buying or selling a home.
You can also request a home valuation, sign-up for email alerts, search for homes, and down payment assistance.
All data was downloaded from our MLS. MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices March 22nd. Have an awesome week!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101