South Elgin, IL
Housing market overview · Updated weekly
$356,000median sale price
Homes sold
12
Last 12 weeks
Days on market
49
Average pace
Active listings
40
3.3 months supply
Sale-to-list
98.0%
Below asking
The South Elgin housing market is currently classified as a balanced market with a median sale price of $356,000. Prices have risen 30.2% compared to last year, with homes spending an average of 49 days on market, indicating 3.3 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 South Elgin
There are currently 40 homes listed for sale in South Elgin, Illinois. The median listing price is $380K.
Active listings
40
Homes on market
Median list price
$380K
Avg. days on market
49
Days until sale
New this week
16
Newly listed
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Frequently asked questions
What is the average home price in South Elgin?
The median home sale price in South Elgin is $356,000, up 30.2% from last year.
How long do homes stay on market in South Elgin?
Homes typically spend 49 days on market before going under contract.
Is South Elgin a buyer's or seller's market?
With 3.3 months of supply, South Elgin is currently a balanced market.
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