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Featured local agent — Algonquin, IL
Sarah Mitchell
Compass Real Estate · Algonquin, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Algonquin, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$420,500median sale price
How is the Algonquin, IL housing market right now?
The median home sale price in Algonquin, IL is $420,500, down 0.5% year-over-year. Homes sell in an average of 44 days with 120 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Algonquin a buyer's or seller's market?
Algonquin, IL is currently a seller's market, based on 2.9 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
42
Last 12 weeks
Days on market
44
Average pace
Active listings
120
2.9 months supply
Sale-to-list
100.8%
Above asking
What does the Algonquin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $420,500 |
| Median list price | $419,900 |
| Year-over-year price change | -0.5% |
| Average days on market | 44 days |
| Active inventory | 120 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $205/sq ft |
| Homes sold (latest month) | 42 |
| New listings (latest month) | 63 |
| Listings with a price cut | 15.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Algonquin by property type?
How the Algonquin, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $430,000 | $231/sq ft | 27 | 38 days |
| Condo / Co-op | $306,000 | $188/sq ft | 1 | 75 days |
| Townhouse | $399,995 | $201/sq ft | 14 | 65 days |
Source: Redfin · Updated monthly
The Algonquin housing market is currently classified as a seller's market with a median sale price of $420,500. Prices have fallen 0.5% compared to last year, with homes spending an average of 44 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Algonquin
There are currently 120 homes listed for sale in Algonquin, Illinois. The median listing price is $420K.
Active listings
120
Homes on market
Median list price
$420K
Avg. days on market
44
Days until sale
New this week
63
Newly listed
Who lives in Algonquin?
Population
29,904
Median income
$131,753/yr
Median age
41.3 years
Owner-occupied
87.8%
College grads
43.6%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What are homes worth in Algonquin?
Zillow home value
$418,340
Zillow rent index
$2,391/mo
Price-to-rent ratio
14.6x
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Algonquin?
Algonquin is a community of approximately 30K residents with a median age of 41.3 years.The median household income is $131,753, which reflects a relatively affluent area with strong earning potential. 43.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 87.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Algonquin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Algonquin?
12 schools tracked · 6,861 students
The largest public schools serving Algonquin, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Harry D Jacobs High School
Grades 9-12 · 2,062 students
Westfield Community School
Grades PK-8 · 1,337 students
Heineman Middle School
Grades 6-8 · 756 students
Conley Elementary School
Grades 3-5 · 565 students
Mackeben Elementary School
Grades K-2 · 529 students
Kenneth E Neubert Elem School
Grades K-5 · 437 students
Algonquin Middle School
Grades 6-8 · 396 students
Algonquin Lakes Elem Sch
Grades K-5 · 395 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Algonquin, IL?
Want a head-to-head view? Compare Algonquin side-by-side with any other U.S. city using our market-comparison tool.
Is Algonquin a good real estate investment market?
For investors evaluating Algonquin, the price-to-rent ratio of 14.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 0.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Algonquin's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Algonquin's median home price.
Frequently asked questions
What is the average home price in Algonquin?
The median home sale price in Algonquin is $420,500, down 0.5% from last year.
How long do homes stay on market in Algonquin?
Homes typically spend 44 days on market before going under contract.
What is the median income in Algonquin?
The median household income is $131,753 per year.
Is Algonquin a buyer's or seller's market?
With 2.9 months of supply, Algonquin is currently a seller's market.
What is the Zillow home value estimate for Algonquin?
The Zillow Home Value Index (ZHVI) for Algonquin is $418,340, representing the typical home value in the area.
What is the median condo price in Algonquin?
The median condo/co-op sale price in Algonquin, IL is $306,000, compared to $430,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Algonquin?
The median single-family home price in Algonquin, IL is $430,000 (about $231 per square foot).
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