Fox Valley area of Illinois home prices January 25th
Fox Valley area of Illinois home prices January 25th. It is a gorgeous sunny day today. 39 with highs this next week from 29-42 and lows from 14-34.
New listings this week are down. 103 this week compared to 138 the previous week.
Closed listing are down slightly. 96 this week compared to 109 the previous week.
See the communities this week with the most activity and their price ranges.
Aurora New-14 $199,900-$629,000
Closed-10 $145,000-$583,702
Elgin New-12 $280,000-$769,760
Closed-11 $255,000-$550,000
Naperville New-17 $415,000-$2,999,000
Closed-5 $435,495-$1,025,000
Plainfield New-18 $280,000-$665,000
Closed-14 $311,000-$595,000
Photo above shows other communities that also had activity this week and their price ranges.
Financing used, median price, and 2,000 SF or more
Median list price this week $436,610, last week $429,900.
Closed median price this week $420,000, last week $424,786.
Conventional financing was used to close on 63 homes this week at median price $469,150 with 52 days average market time, last week 74 homes at median price $462,500 with 41 days average market time.
Cash was used to close on 23 homes this week at median price $410,000 with 79 days average market time, last week 18 homes at median price $307,500 with 38 days average market time.
FHA financing was used to close on 10 homes this week at median price $314,950 with 108 days average market time, last week 13 homes at median price $350,000 with 79 days average market time.
VA financing was used to close on 1 home this week at $365,500 with 46 days average market time, last week 3 homes at median price $560,000 with 49 days average market time.
2,000 SF or more closed on 58 homes at median price $499,995 with 75 days average market time, last week 67 homes at median price $496,500 with 49 days average market time. Minimum price this week $311,000, last week $180,000.
Over 65% of homes closed this week using conventional financing. If you had cash to that it is over 89%. That doesn’t leave much room for FHA financing.
Under contract this week
Homes that went under contract this week are up slightly. 160 this week compared to 144 the previous week.
Here are the communities seller’s accepted the most contracts.
Aurora-25 Bolingbrook-22
Elgin-15 Naperville-16
Oswego-10 Plainfield-23
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. 1 with a kick-out clause of 72 hours and 3 with 48 hours.
Also, seller’s accepted contracts thar are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 2 with 48 hours.
That is only 8 out of 160 homes that went under contract that have a home contingency.
Under contract this week median price $417,450 with 52 days average, last week $398,750 with 50 days average market time.
2025 by the month
Month New Closed Under contract
January 459 431 497
Check back with us every Saturday for the Fox Valley area of Illinois home prices real estate update.
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.
Here are some consumer guides that might answer some of your questions from the National Association of REALTORS here. These are for either a buyer or seller. Scroll down to see the guides.
You can also click on these to take you to the information request a home valuation, sign-up for email alerts, search for a home, IHDA programs, and down payment assistance.
Also ask your lender to see if they have any programs that might help you.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day as agents upload their information.
Fox Valley area of Illinois home prices January 25th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101