Altos Market Data for Realtors

Elgin, IL

Single-Family Homes

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Elgin, IL

Thu Jul 03 2025
This week the median list price for Elgin, IL is $499,900 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has held steady at or around 91. Click here to stay informed with the Elgin market!

Market Action Index

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

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Elgin, IL

Thu Jul 03 2025
This week the median list price for Elgin, IL is $499,900 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has held steady at or around 91. Click here to stay informed with the Elgin market!

Market Action Index

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

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Elgin market.
Median List Price $499,900
Median Price of New Listings $450,000
Per Square Foot $207
Average Days on Market 51
Median Days on Market 35
Price Decreased 24%
Price Increased 3%
Relisted 23%
Inventory 91
Median Rent
Market Action 57
Strong Seller's Market

The market seems to have paused around this plateau. 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
$667,990 3,044 - 4 2.5 0 3 4 84
$564,990 2,717 - 4 2.5 11 2 6 49
$449,900 2,179 0 - 4,500 sqft 4 2.5 34 6 8 7
$284,000 1,402 - 3 1.5 76 4 11 28