Altos Market Data for Realtors

Elk Grove Village, IL 60007

Single-Family Homes

Schedule a demo today at AltosResearch.com


Elk Grove Village, IL 60007

Tue Sep 15 2026
This week the median list price for Elk Grove Village, IL 60007 is $497,450 with the market action index hovering around 64. This is an increase over last month's market action index of 61. Inventory has increased to 22. Click here to stay informed with the Elk Grove Village market!

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.

Elk Grove Village, IL 60007

Tue Sep 15 2026
This week the median list price for Elk Grove Village, IL 60007 is $497,450 with the market action index hovering around 64. This is an increase over last month's market action index of 61. Inventory has increased to 22. Click here to stay informed with the Elk Grove Village market!

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

Never miss important changes in the Elk Grove Village market.
Median List Price $497,450
Median Price of New Listings $735,000
Per Square Foot $245
Average Days on Market 37
Median Days on Market 21
Price Decreased 41%
Price Increased 0%
Relisted 18%
Inventory 22
Median Rent
Market Action 64
Strong Seller's Market

Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.

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
$667,500 3,073 0.25 - 0.5 acre 5 3.5 52 2 2 14
$534,500 2,452 8,000 - 10,000 sqft 4 3 53 0 1 42
$439,950 1,783 0 - 4,500 sqft 3 2 57 1 0 21
$382,500 1,500 - 3 2 65 0 2 14