Elgin, IL Real Estate & Property Data

Elgin Real Estate Market Trends
Last Updated: February 27, 2024

Accurate and comprehensive real estate data is critical for insight into Elgin, IL. ATTOM’s Elgin real estate data is updated daily, and current market trends show that in Elgin, IL a total of 1,528 residential properties have sold over the past year. With a median home price of $295,000 in Elgin and a total of 14 foreclosures. Get detailed property data for Elgin, IL instantly. ATTOM is your one-stop-shop for the Elgin property reports and real estate data you need in Elgin, IL.

Elgin Real Estate Market Trends
Total Residential Properties 35,257
Total Commercial Properties 1,922
Avg. Home Age (Single Family Home) 51 Years
Avg. Square Feet (Single Family Home) 1,836
Total 2024 Residential Sales (year-to-date) N/A
% of Homes Seriously Underwater (Q1 2024) 0.93%
Total 2023 Residential Sales 1,430
% of Equity Rich Homes (Q1 2024) 39.8%
Effective 2023 Property Tax 2.1%
Total Foreclosure Filings (year-to-date) N/A
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Elgin, IL Real Estate Overview

There were 1,528 residential properties sold in the past year in Elgin, IL. The median home value in Elgin, IL is $272,900. There are a total of 35,257 residential properties in the Elgin.

Median Sales Price i
$295,000
(Dec 2023)
+15.1%
year-over-year
y-o-y
  • December '23 Dec '23 $295,000
  • November '23 Nov '23 $294,500
  • October '23 Oct '23 $295,000
  • September '23 Sep '23 $325,000
  • August '23 Aug '23 $317,500
  • July '23 Jul '23 $295,000
  • June '23 Jun '23 $303,750
  • May '23 May '23 $290,000
  • April '23 Apr '23 $290,000
  • March '23 Mar '23 $286,500
  • February '23 Feb '23 $257,000
  • January '23 Jan '23 $273,500
Median Down Payment i
$30,000
(Dec 2023)
+90.5%
year-over-year
y-o-y
  • December '23 Dec '23 $30,000
  • November '23 Nov '23 $52,970
  • October '23 Oct '23 $17,400
  • September '23 Sep '23 $40,000
  • August '23 Aug '23 $48,500
  • July '23 Jul '23 $36,165
  • June '23 Jun '23 $48,400
  • May '23 May '23 $18,000
  • April '23 Apr '23 $45,080
  • March '23 Mar '23 $22,947
  • February '23 Feb '23 $22,017
  • January '23 Jan '23 $20,000
Number of Homes Sold i
121
(Dec 2023)
+23.5%
year-over-year
y-o-y
  • December '23 Dec '23 121
  • November '23 Nov '23 118
  • October '23 Oct '23 137
  • September '23 Sep '23 113
  • August '23 Aug '23 136
  • July '23 Jul '23 125
  • June '23 Jun '23 149
  • May '23 May '23 135
  • April '23 Apr '23 97
  • March '23 Mar '23 125
  • February '23 Feb '23 83
  • January '23 Jan '23 91
Number of Purchase Loans i
112
(Dec 2023)
+28.7%
year-over-year
y-o-y
  • December '23 Dec '23 112
  • November '23 Nov '23 101
  • October '23 Oct '23 123
  • September '23 Sep '23 100
  • August '23 Aug '23 118
  • July '23 Jul '23 108
  • June '23 Jun '23 124
  • May '23 May '23 118
  • April '23 Apr '23 78
  • March '23 Mar '23 96
  • February '23 Feb '23 65
  • January '23 Jan '23 84
Number of REFI Loans i
45
(Dec 2023)
+7.1%
year-over-year
y-o-y
  • December '23 Dec '23 45
  • November '23 Nov '23 48
  • October '23 Oct '23 61
  • September '23 Sep '23 55
  • August '23 Aug '23 69
  • July '23 Jul '23 66
  • June '23 Jun '23 60
  • May '23 May '23 46
  • April '23 Apr '23 37
  • March '23 Mar '23 50
  • February '23 Feb '23 32
  • January '23 Jan '23 47
Number of HELOC Loans i
28
(Dec 2023)
-24.3%
year-over-year
y-o-y
  • December '23 Dec '23 28
  • November '23 Nov '23 23
  • October '23 Oct '23 32
  • September '23 Sep '23 33
  • August '23 Aug '23 44
  • July '23 Jul '23 30
  • June '23 Jun '23 34
  • May '23 May '23 32
  • April '23 Apr '23 30
  • March '23 Mar '23 15
  • February '23 Feb '23 21
  • January '23 Jan '23 24

Elgin, IL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Elgin, IL Foreclosure Activity

There were a total of 14 Elgin, IL properties with a foreclosure filing in December 2023. Lenders started the foreclosure process on 9 Elgin, IL properties and repossessed 2 Elgin, IL properties through completed foreclosures (REOs) in December 2023.

Total Foreclosure Filings i
14
(Dec 2023)
+40%
year-over-year
y-o-y
  • December '23 Dec '23 14
  • November '23 Nov '23 16
  • October '23 Oct '23 15
  • September '23 Sep '23 17
  • August '23 Aug '23 24
  • July '23 Jul '23 7
  • June '23 Jun '23 35
  • May '23 May '23 20
  • April '23 Apr '23 24
  • March '23 Mar '23 18
  • February '23 Feb '23 27
  • January '23 Jan '23 10
Foreclosure Starts i
9
(Dec 2023)
+80%
year-over-year
y-o-y
  • December '23 Dec '23 9
  • November '23 Nov '23 12
  • October '23 Oct '23 9
  • September '23 Sep '23 11
  • August '23 Aug '23 21
  • July '23 Jul '23 4
  • June '23 Jun '23 22
  • May '23 May '23 18
  • April '23 Apr '23 19
  • March '23 Mar '23 12
  • February '23 Feb '23 18
  • January '23 Jan '23 10
Completed Foreclosures (REOs) i
2
(Dec 2023)
+100%
year-over-year
y-o-y
  • December '23 Dec '23 2
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 3
  • August '23 Aug '23 N/A
  • July '23 Jul '23 4
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
  • February '23 Feb '23 3
  • January '23 Jan '23 1
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