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Featured local agent — Elkville, IL
Sarah Mitchell
Compass Real Estate · Elkville, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elkville, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$80,580median sale price
How is the Elkville, IL housing market right now?
The median home sale price in Elkville, IL is $80,580, up 307.0% year-over-year. Homes sell in an average of 82 days with 4 active listings. The market is currently a balanced 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 Elkville a buyer's or seller's market?
Elkville, IL is currently a balanced market, based on 2.0 months of supply and homes selling in about 82 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
82
Average pace
Active listings
4
2.0 months supply
Sale-to-list
95.6%
Below asking
What does the Elkville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $80,580 |
| Median list price | $164,900 |
| Year-over-year price change | +307.0% |
| Average days on market | 82 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 95.6% |
| Median price per sq ft | $74/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Elkville by property type?
How the Elkville, 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 | $80,580 | $74/sq ft | 2 | 82 days |
| Townhouse | $106,000 | $64/sq ft | 1 | 142 days |
Source: Redfin · Updated monthly
The Elkville housing market is currently classified as a balanced market with a median sale price of $80,580. Prices have risen 307.0% compared to last year, with homes spending an average of 82 days on market, indicating 2.0 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 2.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Elkville
There are currently 4 homes listed for sale in Elkville, Illinois. The median listing price is $165K.
Active listings
4
Homes on market
Median list price
$165K
Avg. days on market
82
Days until sale
New this week
3
Newly listed
Who lives in Elkville?
Population
781
Median income
$46,600/yr
Median age
44.5 years
Owner-occupied
66.8%
College grads
8.6%
Avg commute
27.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Elkville?
Zillow home value
$96,580
Price-to-income
2.1x
Source: Zillow Research
What is it like to live in Elkville?
Elkville is a community of approximately 1K residents with a median age of 44.5 years.The median household income is $46,600, which represents a working-class community with solid middle-income opportunities. 8.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elkville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elkville?
2 schools tracked · 220 students
The largest public schools serving Elkville, 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.
Elverado High School
Grades 9-12 · 113 students
Elverado Primary School
Grades PK-2 · 107 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 Elkville, IL?
Want a head-to-head view? Compare Elkville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elkville?
The median home sale price in Elkville is $80,580, up 307.0% from last year.
How long do homes stay on market in Elkville?
Homes typically spend 82 days on market before going under contract.
What is the median income in Elkville?
The median household income is $46,600 per year.
Is Elkville a buyer's or seller's market?
With 2.0 months of supply, Elkville is currently a balanced market.
What is the Zillow home value estimate for Elkville?
The Zillow Home Value Index (ZHVI) for Elkville is $96,580, representing the typical home value in the area.
How much does a single-family home cost in Elkville?
The median single-family home price in Elkville, IL is $80,580 (about $74 per square foot).
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