Mortgage rates get most of the attention, but fall can bring some important changes for home buyers too. Historically, buyers may see more homes to choose from, lower asking prices, and sellers who are more willing to negotiate as the end of the year approaches. If affordability has kept you on the sidelines, the seasonal shift could create opportunities that weren’t there a few months ago.
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.
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Found 9 videos about "housing market 2026"
Think every home seller is firm on their asking price? Not anymore. Recently, 41% of homes for sale had a price reduction, which means more sellers are showing a willingness to negotiate rather than let their home sit on the market. That doesn’t mean every house is suddenly affordable, but buyers may have more negotiating power, flexibility, and opportunity than they realize. If you’ve put your home search on hold, let’s take another look at what’s happening locally.
Feel like everything has been a little unpredictable lately? The housing market may actually be one of the more stable things out there. Home prices have been relatively steady, housing inventory is close to where it was last year, and mortgage rates have stayed in roughly the same 6% to 7% range since late 2022. If you’ve been waiting for the market to “settle down” before buying or selling, it may already be there. That stability can make it easier to plan your next move with a little more confidence.
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 Naperville, Illinois real estate market right now? Here’s the August 2026 snapshot: Median sold price: $685,000 Median days on market: 7 days Months of inventory: 2.1 Sold-to-list ratio: 100.5% Inventory: up 30% year over year Active listings: 340 New listings: 297 New pending listings: 154 Median price per square foot: $264 Naperville buyers have more homes to choose from than they did a year ago, but the market is still competitive. Homes are selling quickly and for slightly more than asking price on average. Thinking about buying or selling a home in Naperville? Contact The Kombrink Team at One Source Realty at 630-402-0021.
What’s happening in the Elgin, Illinois real estate market right now? Here’s the August 2026 snapshot: Median sold price: $400,000 Median days on market: 10 days Months of inventory: 1.9 Sold-to-list ratio: 100.3% Inventory: up 16% year over year Active listings: 194 New listings: 181 Median price per square foot: $211 Inventory is improving, which gives Elgin buyers more choices, but 1.9 months of supply is still firmly in seller’s-market territory. Homes are also selling for slightly more than asking price on average. Thinking about buying or selling a home in Elgin? Contact The Kombrink Team at One Source Realty at 630-402-0021.
What’s happening in the Batavia, Illinois real estate market right now? In August 2026: Median sold price: $460,000 Median days on market: 8 days Months of inventory: 1.4 Sold-to-list ratio: 100.3% Inventory: up 37% year over year Active listings: 45 Median price per square foot: $234 Even with more homes available, Batavia remains a competitive seller’s market. Properties are still moving quickly and selling slightly above asking price on average. Thinking about buying or selling a home in Batavia? Contact The Kombrink Team at One Source Realty at 630-402-0021.
The Aurora, Illinois real estate market is giving buyers more options, but sellers still have the advantage. In August 2026: Median sold price: $338,000 Median days on market: 8 days Months of inventory: 2.0 Sold-to-list ratio: 100.2% Inventory: up 47% year over year Active listings: 248 So while Aurora has considerably more inventory than a year ago, homes are still selling quickly and essentially at full asking price. Thinking about buying or selling a home in Aurora? Contact The Kombrink Team at One Source Realty at 630-402-0021.
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.
