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Elgin Market Report

$521,467

AVERAGE PRICE OF 470 HOMES

$422,500

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,642,134

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$339,436

AVERAGE PRICE OF 201 NEWLY BUILT HOMES

$1,827,260

AVERAGE PRICE OF 23 HOMES WITH A POOL

$539,946

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $521,467
Avg Bedrooms 2.46 beds
Avg Bathrooms 1.78 baths

Average Price by Bedrooms

1 bedroom $487,125
2 bedrooms $442,930
3 bedrooms $399,568
4 bedrooms $392,288
5 bedrooms $630,627
Elgin Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 466 503 515 521 517
Average Price $516,767 $546,900 $557,354 $553,884 $549,218
Avg Price Change -5.83% -1.91% +0.63% +0.85% -6.56%
Median Price $317,745 $318,928 $317,403 $316,377 $318,345
Med Price Change -0.37% +0.48% +0.32% -0.62% -2.49%
Avg Bedrooms 2.47 beds 2.4 beds 2.36 beds 2.28 beds 2.27 beds
Avg Bathrooms 1.78 baths 1.74 baths 1.71 baths 1.62 baths 1.6 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Elgin 365 $502,859 119 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 470 $521,467 171 days
Distressed Homes 4 $422,500 123 days
Multi-Million Dollar Homes 39 $2,642,134 193 days
Newly Built Homes 201 $339,436 112 days
Homes with a Pool 23 $1,827,260 155 days
Reduced Price Homes 23 $539,946 103 days