Altos Market Data for Realtors
Elgin, IL 60123
Single-Family Homes
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Elgin, IL 60123
Fri May 01 2026
This week the median list price for Elgin, IL 60123 is $382,499 with the market action index hovering around 69. This is an increase over last month's market action index of 57. Inventory has increased to 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $382,499 | |
| Median Price of New Listings | $351,750 | |
| Per Square Foot | $207 | |
| Average Days on Market | 53 | |
| Median Days on Market | 14 | |
| Price Decreased | 10% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 69 | |
| Strong Seller's Market | ||
Despite this week’s down tic, price trends in this zip code have generally been moving up lately. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward 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 |
|---|---|---|---|---|---|---|---|---|
| $485,000 | 2,522 | 6,500 - 8,000 sqft | 4 | 2.5 | 42 | 1 | 2 | 21 |
| $414,995 | 2,020 | - | 3 | 2 | 41 | 0 | 1 | 14 |
| $354,500 | 1,683 | - | 3 | 2.5 | 76 | 4 | 1 | 0 |
| $299,900 | 1,232 | - | 3 | 2 | 104 | 1 | 0 | 56 |