Elk Grove Village, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Elk Grove Village, IL is $351,625, down 1.6% year-over-year. Homes sell in an average of 81 days with 51 active listings. The market is currently a seller's market.
$351,625median sale price
Is Elk Grove Village a buyer's or seller's market?
Elk Grove Village, IL is currently a seller's market, based on 1.8 months of supply and homes selling in about 81 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
81
Average pace
Active listings
51
1.8 months supply
Sale-to-list
99.1%
Below asking
Elk Grove Village, IL market data
| Metric | Value |
|---|---|
| Median sale price | $351,625 |
| Median list price | $414,400 |
| Year-over-year price change | -1.6% |
| Average days on market | 81 days |
| Active inventory | 51 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.1% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Elk Grove Village housing market is currently classified as a seller's market with a median sale price of $351,625. Prices have fallen 1.6% compared to last year, with homes spending an average of 81 days on market, indicating 1.8 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 Elk Grove Village
There are currently 51 homes listed for sale in Elk Grove Village, Illinois. The median listing price is $414K.
Active listings
51
Homes on market
Median list price
$414K
Avg. days on market
81
Days until sale
New this week
23
Newly listed
Top public schools in Elk Grove Village
10 schools tracked · 6,149 students
The largest public schools serving Elk Grove Village, 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.
Elk Grove High School
Grades 9-12 · 1,976 students
Grove Jr High School
Grades 6-8 · 788 students
Margaret Mead JHS
Grades 7-8 · 637 students
Adolph Link Elem School
Grades K-6 · 617 students
Adlai Stevenson Elem School
Grades K-6 · 496 students
Salt Creek Elem School
Grades K-5 · 423 students
Clearmont Elem School
Grades K-5 · 402 students
Adm Richard E Byrd Elem School
Grades K-5 · 317 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Elk Grove Village?
The median home sale price in Elk Grove Village is $351,625, down 1.6% from last year.
How long do homes stay on market in Elk Grove Village?
Homes typically spend 81 days on market before going under contract.
Is Elk Grove Village a buyer's or seller's market?
With 1.8 months of supply, Elk Grove Village is currently a seller's market.
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