Will Home Prices Drop in the Fox Valley?

If you’re waiting for home prices to fall before buying in the Fox Valley, including Geneva, St. Charles, Batavia, or Elburn, you’re not alone. It’s one of the top questions local buyers are asking right now.

Here’s the truth: prices aren’t expected to drop in any meaningful way. While national headlines talk about cooling markets, the data in Kane and DuPage Counties tells a different story. Inventory remains low, often around just one to two months of supply, meaning there are still more buyers than homes available. That keeps prices steady, and in some neighborhoods, still rising.

Interest rates have cooled demand slightly, but motivated buyers are finding opportunities that didn’t exist a year or two ago, such as fewer bidding wars and more flexible sellers. Prices may level off in some segments, but a broad price drop isn’t on the horizon unless inventory doubles or buyer demand falls sharply.

If you’re thinking about buying, focus less on timing the market and more on timing your life. A well-priced home in the right neighborhood, close to top schools, parks, and amenities, will hold long-term value regardless of short-term rate changes.

To see what’s happening in your specific town, The Kombrink Team at One Source Realty tracks local trends every month to help buyers make smart, data-driven decisions.

Call 630-402-0021 to explore what’s possible today.

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