Altos Market Data for Realtors
Elgin, IL 60123
Single-Family Homes
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Elgin, IL 60123
Tue Apr 21 2026
This week the median list price for Elgin, IL 60123 is $399,997 with the market action index hovering around 68. This is an increase over last month's market action index of 56. Inventory has decreased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $399,997 | |
| Median Price of New Listings | $372,744 | |
| Per Square Foot | $190 | |
| Average Days on Market | 56 | |
| Median Days on Market | 14 | |
| Price Decreased | 13% | |
| Price Increased | 0% | |
| Relisted | 19% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 68 | |
| Strong Seller's Market | ||
Despite this week’s down tic, the price trend in this zip code remains upward for several weeks. We’re within sight of the market peak, and we’ll assume this week’s change is just randomness unless we see a persistent downward push of the Market Action Index into the Buyer’s zone.
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 |
|---|---|---|---|---|---|---|---|---|
| $548,800 | 2,699 | 6,500 - 8,000 sqft | 4 | 2.5 | 39 | 0 | 2 | 94 |
| $417,450 | 2,215 | 0 - 4,500 sqft | 3 | 2.5 | 49 | 0 | 2 | 10 |
| $385,000 | 1,835 | - | 3 | 2.3 | 44 | 2 | 2 | 3 |
| $313,200 | 1,200 | - | 3 | 2 | 91 | 2 | 2 | 24 |