Elgin, IL
Housing market overview · Updated weekly
$315,000median sale price
Homes sold
61
Last 12 weeks
Days on market
57
Average pace
Active listings
196
3.2 months supply
Sale-to-list
98.4%
Below asking
The Elgin housing market is currently classified as a balanced market with a median sale price of $315,000. Prices have fallen 5.0% compared to last year, with homes spending an average of 57 days on market, indicating 3.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Elgin?
The median home sale price in Elgin is $315,000, down 5.0% from last year.
How long do homes stay on market in Elgin?
Homes typically spend 57 days on market before going under contract.
Is Elgin a buyer's or seller's market?
With 3.2 months of supply, Elgin is currently a balanced market.
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