Altos Market Data for Realtors

South Elgin, IL

Single-Family Homes

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South Elgin, IL

Wed Oct 20 2021
This week the median list price for South Elgin, IL is $380,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has decreased to 29. Click here to stay informed with the South Elgin market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

South Elgin, IL

Wed Oct 20 2021
This week the median list price for South Elgin, IL is $380,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has decreased to 29. Click here to stay informed with the South Elgin market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the South Elgin market.
Median List Price $380,000
Median Price of New Listings $342,450
Per Square Foot $173
Average Days on Market 60
Median Days on Market 28
Price Decreased 41%
Price Increased 0%
Relisted 31%
Inventory 29
Median Rent $1,748
Market Action 57
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$550,000 2,832 0.25 - 0.5 acre 4 3 3 3 0 28
$449,351 2,800 8,000 - 10,000 sqft 4 3 0 1 1 140
$339,900 1,938 8,000 - 10,000 sqft 4 2 27 3 3 14
$234,450 1,433 0.25 - 0.5 acre 3 1 58 3 3 10