New listing
$270,000
1670 College Green Dr
Elgin, IL 60123
3 bd2 ba1,255 sqft
Townhouse
Est. $268KSold 2020 for $165K
Valeria Sanchez · MPower Residential Brokerage LLC
More about this property
Elgin, IL Housing Market & Real Estate
Balanced market-5.0% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Elgin, IL is $315,000, down 5.0% year-over-year. Homes sell in an average of 57 days with 196 active listings. The market is currently a balanced market.
$315,000median sale price
Is Elgin a buyer's or seller's market?
Balanced market3.2 months of supply57 avg. days on market
Elgin, IL is currently a balanced market, based on 3.2 months of supply and homes selling in about 57 days. How we determine this →
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
Elgin, IL market data
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $348,700 |
| Year-over-year price change | -5.0% |
| Average days on market | 57 days |
| Active inventory | 196 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 98.4% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
Homes for sale in Elgin
There are currently 196 homes listed for sale in Elgin, Illinois. The median listing price is $349K. Featured listings range from $270,000 to $708,385.
New listing
21
$295,000
1780 Pebble Beach Cir
Elgin, IL 60123
3 bd3 ba1,450 sqft
Townhouse
Est. $247KSold 2007 for $179K
Maria Tamayo · Luna Real Estate Inc.
More about this property
New listing
40
$410,000
2478 Crystal Creek Ln
Elgin, IL 60124
4 bd3 ba1,872 sqft
House9,583 sqft lot
Est. $425K
Chris Macak · Keller Williams Infinity
More about this property
New listing
42
$415,000
585 Park St
Elgin, IL 60120
4 bd3 ba3,187 sqft
House8,599 sqft lot
Est. $393KSold 2018 for $270K
Raymond Watson · RE/MAX All Pro
More about this property
New listing
32
$430,000
1932 Banks Dr
Elgin, IL 60123
4 bd3 ba2,410 sqft
House8,625 sqft lot
Est. $388KSold 2017 for $245K
Veronica Rodriguez · Redfin Corporation
More about this property
New listing
36
$480,000
Address unavailable
Elgin, IL 60124
2 bd2 ba1,933 sqft
House8,276 sqft lot
Est. $423KSold 2007 for $333K
Lauren Dettmann · Baird & Warner
More about this property
New listingNew build
34
$529,990
549 Ayre Dr
Elgin, IL 60124
4 bd3 ba2,235 sqft
House
Bill Flemming · HomeSmart Connect LLC
More about this property
New listingNew build
16
$593,365
552 Arye Dr
Elgin, IL 60124
4 bd2 ba2,536 sqft
House
More about this property
New listingNew build
24
$593,365
552 Ayre Dr
Elgin, IL 60124
4 bd3 ba2,536 sqft
House
Bill Flemming · HomeSmart Connect LLC
More about this property
New listingPrice cut $14KNew build
24
$599,535
589 Lismore Cir
Elgin, IL 60124
4 bd2 ba2,662 sqft
House
More about this property
New listingPrice cut $2KNew build
25
$614,990
283 Snowdrop Ln
Elgin, IL 60124
4 bd3 ba2,932 sqft
House
More about this property
New listingPrice cut $69KNew build
26
$708,385
1849 Diamond Dr
Elgin, IL 60124
4 bd2 ba3,275 sqft
House
More about this property
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Active listings
196
Homes on market
Median list price
$349K
Avg. days on market
57
Days until sale
New this week
106
Newly listed
Price drops:13.3%of listings
Sale-to-list:98.4%
Top public schools in Elgin
31 schools tracked · 17,355 students
The largest public schools serving Elgin, 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.
Elgin High School
Grades 9-12 · 2,724 students
Larkin High School
Grades 9-12 · 2,274 students
Prairie Knolls Middle Sch
Grades 6-7 · 777 students
Country Trails Elem
Grades PK-5 · 692 students
Prairie View Grade School
Grades PK-5 · 679 students
Lords Park Elem School
Grades PK-6 · 679 students
Coleman Elem School
Grades PK-6 · 655 students
Highland Elem School
Grades PK-6 · 625 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in IL
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.
How many homes are for sale in Elgin?
There are currently 196 homes listed for sale in Elgin, IL.
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