Fox Valley area of Illinois home prices March 29th
Fox Valley area of Illinois home prices March 29th. It is 65 degrees and cloudy today. It should get up to 70 today. This next week highs will be between 45-71 degrees and lows from 28-60 degrees. Buds are starting to form on the trees. It will not be long until they are full of leaves. I love Spring and watching everything come to life!
New listings this week are up. 211 this week compared to 190 the previous week.
Closed listings are down slightly. 146 this week compared to 152 the previous week.
Aurora New-16 $249,900-$675,000
Closed-20 $155,000-$780,000
Elgin New-29 $210,000-$1,325,000
Closed-12 $210,000-$1,000,000
Naperville New-36 $440,000-$3,999,000
Closed-15 $376,000-$2,000,000
Oswego New-20 $265,000-$1,150,000
Closed-6 $380,000-$585,000
Plainfield New-41 $290,000-$859,900
Closed-28 $186,000-$750,230
St Charles New-15 $360,000-$1,150,000
Closed-10 $225,088-$2,500,000
Look at the photo above to see other communities and their price ranges this week.
Financing used, median prices, and 2,000 SF or more
Median list price this week $499,990, last week $450,000
Closed median price this week $457,445, last week $425,000.
Conventional financing was used to close on 108 homes this week at median price $470,000 with 34 days average market time, last week 110 homes at median price $440,000 with 36 days average market time.
Cash was used to close on 20 homes this week at median price $522,500 with 44 days average market time, last week 23 homes at median price $425,000 with 54 days average market time.
FHA financing was used to close on 15 homes this week at median price $365,000 with 42 days average market time, last week 14 homes at median price $339,000 with 41 days average market time.
VA financing was used to close on 3 homes this week at median price $547,000 with 52 days average market time, last week 4 homes at median price $442,500 with 73 days average market time.
2,000 SF or more closed on 88 homes this week at median price $537,500 with 44 days average market time, last week 81 homes at median price $545,000 with 52 days average market time. Minimum price this week $200,000, last week $255,000.
Just under 74% of homes closed this week used conventional financing. Slightly over 60% of homes closed this week were at least 2,000 SF or more.
Under contract this week
The number of homes that went under contract this week were exactly the same as the previous week. 198 both weeks.
Communities seller’s accepted the most contracts this week.
Aurora-29 Bolingbrook-13
Elgin-24 Naperville-31
Oswego-17 Plainfield-16
St Charles-15
Look at photo above for other communities that also had contracts accepted.
No short sales were accepted by seller’s this week.
A seller accepted a contract that is contingent on the buyer closing on their current home. It has a kick-out clause of 48 hours.
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, 2 with 48 hours, and 1 with 24 hours.
Under contract median price this week $425,000 with 29 days average market time, last week $455,750 with 41 days average market time.
2025 by the month and a look back at 2024 and 2023
2025
Month New Closed Under contract
January 585 570 652
February 609 504 590
March 785 569 746
Totals 1979 1643 1988
2024
January 576 523 599
February 637 416 691
March 674 612 792
Totals 1887 1551 2082
2023
January 483 326 470
February 630 526 789
March 555 558 726
Totals 1668 1410 1985
A little bit of progress each year. Nothing to write home about though.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Click on everything that is red, bold, and underlined to take you to the information.
Guides and videos with information about buying and selling from beginning to closing with the National Association of REALTORS.
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All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley area of Illinois home prices March 29th. Have an awesome week!
Kristine Heiman, Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101