Think a brand-new home automatically costs more than an existing one? Not necessarily. Nationally, the typical new construction home is around $394,000, compared with roughly $434,000 for an existing home. That’s about a $40,000 difference. Builders with inventory to sell may also be offering incentives, rate buydowns, closing cost help, or other opportunities that can make new construction even more attractive. Just remember: the agent sitting in the builder’s sales office represents the builder. Having your own real estate agent means having someone looking out for your interests during the purchase.
Northern Illinois Real Estate Videos & Market Updates
Get straightforward real estate advice, housing market updates and local insights from The Kombrink Team. Our Northern Illinois real estate videos cover home buying, selling, home prices, mortgage rates, home equity and current market conditions throughout Geneva, St. Charles, Batavia, Aurora, Elgin, Naperville and communities across Kane and DuPage Counties.
Whether you're planning a move or simply keeping an eye on the market, browse the latest videos below or choose a topic to get started.
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Found 5 videos about "Geneva IL real estate"
Home price growth slowed significantly over the past couple of years, but early data suggests it may be starting to pick up again. A few months don’t make a trend, and real estate is always local. Reach out to The Kombrink Team for a closer look at home prices across Kane and DuPage Counties and what the latest shift could mean for your move.
Feel like your home search has been showing you the same options over and over? There’s a reason. Housing inventory is still higher than last year, but the pace of growth has slowed dramatically. Last spring, the number of homes for sale was up about 31% year-over-year. Today, that increase is closer to 2%. But recent trends suggest inventory growth may be starting to stabilize. And if homes continue taking longer to sell, more listings could begin piling up again. If your home search has felt a little stale, don’t give up. New opportunities are hitting the market every day.
What’s happening in the Geneva, Illinois real estate market right now? In August 2026, Geneva homes had a median sold price of $610,000, with properties selling in a median of just 4 days. Inventory climbed to 1.8 months of supply, but homes still sold for an average of 101.5% of list price. That means Geneva remains a competitive seller’s market, even as buyers get a few more choices. Thinking about buying or selling a home in Geneva? Contact The Kombrink Team at One Source Realty at 630-402-0021.
What’s happening in the Geneva, Illinois real estate market right now? Here’s a quick look at the July 2026 numbers: With just 1.6 months of inventory and homes still selling above asking price on average, Geneva remains a competitive seller’s market. Buyers have more inventory than they did a month ago, but well-priced homes are still moving quickly. Thinking about buying or selling in Geneva? Let’s talk about what these numbers mean for your specific situation.
