Elgin Real Estate Trends & Statistics

Elgin Median List Price

$183,900

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Elgin Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	476	496	4%	800	40%
Median List Price	$183,900	$174,900	5%	$159,900	15%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	9%	10%		14%
Median DOM	60	63	5%	95	37%
Median House Size	1,941	1,842	5%	1,800	8%
Median $/Sqft	$106/sqft	$104/sqft	2%	$95/sqft	12%

	Today	1 Month Ago		1 Year Ago
Total Inventory	370	394	6%	588	37%
Median List Price	$225,000	$199,900	13%	$189,900	18%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	7%	9%		13%
Median DOM	64	63	2%	97	34%
Median House Size	2,228	2,128	5%	2,000	11%
Median $/Sqft	$111/sqft	$107/sqft	4%	$100/sqft	11%

	Today	1 Month Ago		1 Year Ago
Total Inventory	106	102	4%	212	50%
Median List Price	$120,000	$109,000	10%	$116,000	3%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	18%	16%		17%
Median DOM	50	63	21%	82	39%
Median House Size	1,356	1,282	6%	1,444	6%
Median $/Sqft	$85/sqft	$83/sqft	2%	$86/sqft	1%

Elgin Market Data

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	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	129	102	149	130	133	132	117
New Listings	142	124	225	215	208	207	275
Sold/Expired	281	285	340	310	306	309	275

	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	93	84	107	105	112	106	95
New Listings	113	95	180	168	157	153	211
Sold/Expired	212	221	266	233	240	230	211

	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	36	18	42	25	21	26	22
New Listings	29	29	45	47	51	54	64
Sold/Expired	69	64	74	77	66	79	64

Elgin, Illinois real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Elgin homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Elgin. Movoto is your comprehensive source for Elgin property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Elgin, IL Market Overview

Inventory: 476 Recently Sold: 275 New Listings: 275 Distressed: 9

Elgin's home resale inventories decreased slightly, with a 4 percent decrease since May 2013. Distressed properties such as foreclosures and short sales decreased as a percentage of the total market in June. The median listing price in Elgin went up from May to June. There were a total of 17 price increases and 117 price decreases.

Updated: 06/01/2013

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Nearby Homes for Sale

352 Tracy Ln #352, Elgin, IL