Fox Valley home prices May 25th
Fox Valley home prices May 25th. We were late by a day last week so we are looking at the last 6 days this week. Temperatures will be in the 70’s this week with more storms.
New listings this week are down. 193 this week compared to 255 the previous week.
Closed listings are also down. 188 this week compared to 207 the previous week.
Aurora-New 27 $185,000-$1,000,000
Closed-21 $170,000-$610,613
Bolingbrook-New 14 $275,000-$750,000
Closed-10 $245,000-$760,000
Elgin-New 19 $169,900-$739,505
Closed-15 $219,500-$618,750
Geneva-New 8 $329,900-$3,500,000
Closed-11 $395,000-$785,000
Naperville-New 32 $395,000-$1,595,000
Closed-27 $395,000-$1,205,000
Plainfield-New 16 $250,000-$625,000
Closed-20 $275,000-$640,000
St Charles-New 8 $250,000-$1,275,000
Closed-11 $480,000-$3,600,000
Other communities had activity this week. We just highlighted the ones with the most activity. Look at photo above for the price ranges in those other areas.
Financing used, median prices, and 2,000 SF or more
Median list price this week $455,000, last week $462,945.
Closed median price this week $464,950, last week $428,000.
Conventional financing was used to close on 138 homes this week at median price $486,500 with 22 days average market time, last week 149 homes at median price $439,900 with 31 days average market time.
Cash was used to close on 38 homes this week at median price $437,500 with 24 days average market time, last week 36 homes at median price $475,000 with 43 days average market time.
FHA financing was used to close on 10 homes this week at median price $316,000 with 23 days average market time, last week 14 homes at median price $343,445 with 10 days average market time.
VA financing was used to close on 1 home this week at $500,000 with 6 days market time, last week 8 homes at median price $406,750 with 14 days average market time.
2,000 SF or more closed on 123 homes this week at median price $560,000 with 26 days average market time, last week 122 homes at median price $527,500 with 35 days average market time. Minimum price this week $270,000, last week $305,000.
The majority of homes closed this week again used Conventional financing.
Under contract this week
Homes that went under contract this week are down slightly. 218 this week compared to 229 the previous week.
Aurora-25 Bolingbrook-11
Elgin-28 Naperville-34
Oswego-11 Plainfield-20
St Charles-13
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, 3 with 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. 1 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.
There is 1 that we do not know what it is contingent on or any other information.
Median price of homes under contract this week $455,000 with 35 days average market time, last week $469,500 with 26 days average market time.
2024 by the month
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 858 809 881
Totals 3545 3048 3764
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of the month we will also take a look back at 2023 and 2022 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.
Check out some great resources. Click on everything that is bold and underlined and it will take you to the site for the information.
- Loan types and the process
- VA loans and the requirements
- Down payment assistance
- IHDA programs
- Request a home valuation
- Sign-up for email alerts
- Search for a home anytime
All data provided today is downloaded from our MLS, MRED, LLC. It changes throughout the day.
Let us know if you are looking for other information not listed here.
Fox Valley home prices May 25th. Have an awesome Memorial weekend. Stay safe!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101