Fox Valley home prices December 28th
Fox Valley home prices December 28th. 51 degrees and partly sunny today. Next week it will be a total different story. Highs ranging from 24 to 45 and lows from 13 to 34. Those new gloves and hats will come in handy for sure.
New listing this week are way down. 48 this week compared to 81 the previous week.
Closed listings are also way down. 76 this week compared to 194 the previous week.
Here are the communities with the most activity this week.
Aurora New-5 $235,000-$549,000
Closed-10 $95,000-$700,000
Elgin New-4 $325,900-$559,990
Closed-11 $95,900-$701,125
Plainfield New-13 $405,000-$601,990
Closed-9 $335,000-$717,989
Other communities had activity this week. Check the photo above for them and the price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $429,945, last week $412,700.
Closed median price this week $425,000, last week $410,000.
Conventional financing was used to close on 56 homes this week at median price $428,450 with 57 days average market time, last week 132 homes at median price $425,000 with 39 days average market time.
Cash was used to close on 12 homes this week at median price $382,500 with 36 days average market time, last week 29 homes at median price $365,000 with 39 days average market time.
FHA financing was used to close on 5 homes this week at median price $370,000 with 98 days average market time, last week 23 homes at median price $325,000 with 28 days average market time.
VA financing was used to close on 2 homes this week at median price $469,750 with 39 days average market time, last week 9 homes at median price $629,000 with 173 days average market time.
2,000 SF or more closed on 45 homes this week at median price $487,000 with 67 days average market time, last week 114 homes at median price $520,000 with 52 days average market time. Minimum price this week $295,000, last week $205,000.
Over 73 percent of homes closed this week using conventional financing.
Under contract this week
Short and sweet this week with the holidays.
Homes that went under contract this week are down. 82 this week compared to 126 the previous week.
Aurora-15 Elgin-10
Plainfield-13
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyers selling and closing on their current home. 2 with a kick-out clause of 48 hours.
Median price of homes that went under contract this week $399,450 with 49 days average market time, last week $398,200 with 68 days average market time.
2024 by the month and a look back at 2023, and 2022.
2024
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 1077 1002 1075
June 1009 906 918
July 1173 1050 1094
August 883 858 725
September 849 734 777
October 990 936 878
November 587 659 601
December 345 600 541
Totals 9600 8984 9492
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 926
July 765 745 805
August 869 988 915
September 684 621 623
October 639 568 549
November 601 720 610
December 249 497 363
Totals 7950 7828 8347
2022
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 1019 1134 1062
September 730 733 698
October 699 612 646
November 574 764 624
December 257 524 322
Totals 9477 9883 9871
New listings are better this year than the other 2 years. Closed listings are better than 2023 but not as good as 2022. Hopefully 2025 will be even better.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Here is some information that might be helpful to you. Click on everything that is bold and underlined to take you to the information.
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 as agents upload their information.
Fox Valley home prices December 28th. Have an awesome New Year’s Eve! See you in 2025.
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101