Altos Market Data for Realtors
South Elgin, IL
Single-Family Homes
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South Elgin, IL
Wed Oct 14 2026
This week the median list price for South Elgin, IL is $499,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $499,000 | |
| Median Price of New Listings | $608,990 | |
| Per Square Foot | $210 | |
| Average Days on Market | 50 | |
| Median Days on Market | 42 | |
| Price Decreased | 28% | |
| Price Increased | 12% | |
| Relisted | 16% | |
| Inventory | 25 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.
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 |
|---|---|---|---|---|---|---|---|---|
| $649,900 | 3,064 | 8,000 - 10,000 sqft | 4 | 3 | 0 | 4 | 1 | 0 |
| $557,495 | 2,759 | - | 4 | 2.5 | 3 | 0 | 0 | 73 |
| $471,995 | 2,560 | 6,500 - 8,000 sqft | 5 | 3.3 | 32 | 1 | 0 | 73 |
| $356,950 | 1,674 | 8,000 - 10,000 sqft | 3 | 2.3 | 50 | 2 | 1 | 35 |