Altos Market Data for Realtors

South Elgin, IL

Single-Family Homes

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South Elgin, IL

Tue May 28 2024
This week the median list price for South Elgin, IL is $557,915 with the market action index hovering around 54. This is an increase over last month's market action index of 51. Inventory has decreased to 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

South Elgin, IL

Tue May 28 2024
This week the median list price for South Elgin, IL is $557,915 with the market action index hovering around 54. This is an increase over last month's market action index of 51. Inventory has decreased to 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the South Elgin market.
Median List Price $557,915
Median Price of New Listings $394,000
Per Square Foot $200
Average Days on Market 70
Median Days on Market 18
Price Decreased 45%
Price Increased 9%
Relisted 5%
Inventory 22
Median Rent
Market Action 54
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$654,850 2,872 10 - 20 acres 4 3 0 0 0 7
$599,000 3,084 6,500 - 8,000 sqft 4 3 0 2 0 28
$549,900 2,858 0.25 - 0.5 acre 4 2.5 0 1 0 101
$360,000 1,678 8,000 - 10,000 sqft 3 2.3 31 5 2 0