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Elgin, IL Real Estate & Property Data

Elgin Real Estate Market Trends

Last Updated: May 02, 2024

Accurate and comprehensive real estate data is critical for insight into Elgin, IL. ATTOM’s Elgin real estate data is updated daily, and current market trends show that in Elgin, IL a total of 1,539 residential properties have sold over the past year. With a median home price of $306,500 in Elgin and a total of 13 foreclosures. Get detailed property data for Elgin, IL instantly. ATTOM is your one-stop-shop for the Elgin property reports and real estate data you need in Elgin, IL.

Elgin Real Estate Market Trends

Get property data for any address in Elgin, IL or the country:

Total Residential Properties 35,292

Total Commercial Properties 1,872

Avg. Home Age (Single Family Home) 51 Years

Avg. Square Feet (Single Family Home) 1,836

Total 2024 Residential Sales (year-to-date) 284

% of Homes Seriously Underwater (Q2 2024) 0.8%

Total 2023 Residential Sales 1,429

% of Equity Rich Homes (Q2 2024) 42.46%

Effective 2023 Property Tax 2.06%

Total Foreclosure Filings (year-to-date) 43

Elgin, IL Real Estate Overview

There were 1,539 residential properties sold in the past year in Elgin, IL. The median home value in Elgin, IL is $285,319. There are a total of 35,292 residential properties in the Elgin.

Median Sales Price i

$306,500

(Mar 2024)

+7.5%

year-over-year

y-o-y

March '24 Mar '24 $306,500
February '24 Feb '24 $307,000
January '24 Jan '24 $290,000
December '23 Dec '23 $295,000
November '23 Nov '23 $291,000
October '23 Oct '23 $295,000
September '23 Sep '23 $325,000
August '23 Aug '23 $317,500
July '23 Jul '23 $295,000
June '23 Jun '23 $302,500
May '23 May '23 $290,000
April '23 Apr '23 $290,000

Median Down Payment i

$19,600

(Mar 2024)

-14%

year-over-year

y-o-y

March '24 Mar '24 $19,600
February '24 Feb '24 $29,990
January '24 Jan '24 $40,350
December '23 Dec '23 $30,000
November '23 Nov '23 $49,360
October '23 Oct '23 $17,400
September '23 Sep '23 $40,000
August '23 Aug '23 $48,500
July '23 Jul '23 $36,165
June '23 Jun '23 $45,700
May '23 May '23 $18,000
April '23 Apr '23 $45,080

Number of Homes Sold i

95

(Mar 2024)

-23.4%

year-over-year

y-o-y

March '24 Mar '24 95
February '24 Feb '24 87
January '24 Jan '24 102
December '23 Dec '23 121
November '23 Nov '23 116
October '23 Oct '23 138
September '23 Sep '23 113
August '23 Aug '23 136
July '23 Jul '23 127
June '23 Jun '23 148
May '23 May '23 135
April '23 Apr '23 97

Number of Purchase Loans i

77

(Mar 2024)

-18.9%

year-over-year

y-o-y

March '24 Mar '24 77
February '24 Feb '24 68
January '24 Jan '24 92
December '23 Dec '23 112
November '23 Nov '23 98
October '23 Oct '23 123
September '23 Sep '23 100
August '23 Aug '23 117
July '23 Jul '23 108
June '23 Jun '23 123
May '23 May '23 118
April '23 Apr '23 78

Number of REFI Loans i

47

(Mar 2024)

-6%

year-over-year

y-o-y

March '24 Mar '24 47
February '24 Feb '24 67
January '24 Jan '24 46
December '23 Dec '23 45
November '23 Nov '23 48
October '23 Oct '23 61
September '23 Sep '23 55
August '23 Aug '23 69
July '23 Jul '23 66
June '23 Jun '23 60
May '23 May '23 46
April '23 Apr '23 37

Number of HELOC Loans i

32

(Mar 2024)

+113.3%

year-over-year

y-o-y

March '24 Mar '24 32
February '24 Feb '24 33
January '24 Jan '24 24
December '23 Dec '23 28
November '23 Nov '23 23
October '23 Oct '23 32
September '23 Sep '23 33
August '23 Aug '23 44
July '23 Jul '23 30
June '23 Jun '23 34
May '23 May '23 32
April '23 Apr '23 27

Elgin, IL Real Estate Market Overview

Last 30 days

Zip
Median Est. Value
Zip
Median Est. Value
Zip
Median Est. Value

60120
$285,319 $155.38/sqft
60123
$285,319 $155.38/sqft
60124
$421,741 $170.85/sqft

Elgin, IL Foreclosure Activity

There were a total of 13 Elgin, IL properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i

13

(Mar 2024)

-27.8%

year-over-year

y-o-y

March '24 Mar '24 13
February '24 Feb '24 11
January '24 Jan '24 19
December '23 Dec '23 14
November '23 Nov '23 16
October '23 Oct '23 15
September '23 Sep '23 17
August '23 Aug '23 24
July '23 Jul '23 7
June '23 Jun '23 35
May '23 May '23 20
April '23 Apr '23 24

Foreclosure Starts i

10

(Mar 2024)

-16.7%

year-over-year

y-o-y

March '24 Mar '24 10
February '24 Feb '24 9
January '24 Jan '24 14
December '23 Dec '23 9
November '23 Nov '23 12
October '23 Oct '23 9
September '23 Sep '23 11
August '23 Aug '23 21
July '23 Jul '23 4
June '23 Jun '23 22
May '23 May '23 18
April '23 Apr '23 19

Completed Foreclosures (REOs) i

March '24 Mar '24 N/A
February '24 Feb '24 1
January '24 Jan '24 2
December '23 Dec '23 2
November '23 Nov '23 1
October '23 Oct '23 N/A
September '23 Sep '23 3
August '23 Aug '23 N/A
July '23 Jul '23 4
June '23 Jun '23 1
May '23 May '23 N/A
April '23 Apr '23 1

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