Altos Market Data for Realtors

Elgin, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Elgin, IL

Fri Mar 29 2024
This week the median list price for Elgin, IL is $532,770 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has decreased to 73. Click here to stay informed with the Elgin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Elgin, IL

Fri Mar 29 2024
This week the median list price for Elgin, IL is $532,770 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has decreased to 73. Click here to stay informed with the Elgin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Elgin market.
Median List Price $532,770
Median Price of New Listings $479,900
Per Square Foot $199
Average Days on Market 76
Median Days on Market 49
Price Decreased 44%
Price Increased 16%
Relisted 25%
Inventory 73
Median Rent
Market Action 47
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$684,997 3,411 1 - 2.5 acres 4 3.5 21 1 3 59
$567,992 2,883 0.25 - 0.5 acre 4 2.5 1 2 3 77
$517,400 2,516 0.25 - 0.5 acre 4 2.5 3 2 3 49
$310,000 1,676 6,500 - 8,000 sqft 3 2 68 4 10 21