Elgin, IL 60123 Real Estate & Property Data

Elgin, IL 60123 Real Estate Market Trends
Last Updated: March 30, 2023

A total of 731 residential properties have been sold over the past 12 months in 60123. With a median sales price of $259,000 in 60123 and a total of 14 foreclosures in Elgin, IL 60123. Discover market trends and get the granular level real estate data for Elgin, IL 60123 to keep your pulse on the housing market. Curate compelling home reports for Elgin, IL 60123 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Elgin, IL 60123 Real Estate Market Trends
Total Residential Properties 12,856
Total Commercial Properties 888
Avg. Home Age (Single Family Home) 57 Years
Avg. Square Feet (Single Family Home) 1,656
Total 2023 Residential Sales (year-to-date) 68
% of Homes Seriously Underwater (Q1 2023) 0.79%
Total 2022 Residential Sales 719
% of Equity Rich Homes (Q1 2023) 42.38%
Effective 2022 Property Tax 1.94%
Total Foreclosure Filings (year-to-date) 17
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Elgin, IL 60123 Real Estate Overview

There were 731 residential properties sold in the past year in Elgin, IL 60123. The median home value in Elgin, IL 60123 is $261,503. There are a total of 12,856 residential properties in the Elgin, IL 60123.

Median Sales Price i
$259,000
(Feb 2023)
+15.1%
year-over-year
y-o-y
  • February '23 Feb '23 $259,000
  • January '23 Jan '23 $262,500
  • December '22 Dec '22 $260,000
  • November '22 Nov '22 $265,000
  • October '22 Oct '22 $220,000
  • September '22 Sep '22 $235,000
  • August '22 Aug '22 $232,500
  • July '22 Jul '22 $295,000
  • June '22 Jun '22 $242,500
  • May '22 May '22 $257,500
  • April '22 Apr '22 $275,500
  • March '22 Mar '22 $241,000
Median Down Payment i
$17,250
(Feb 2023)
+26.6%
year-over-year
y-o-y
  • February '23 Feb '23 $17,250
  • January '23 Jan '23 $19,400
  • December '22 Dec '22 $24,900
  • November '22 Nov '22 $32,650
  • October '22 Oct '22 $10,400
  • September '22 Sep '22 $10,947
  • August '22 Aug '22 $15,250
  • July '22 Jul '22 $16,050
  • June '22 Jun '22 $14,000
  • May '22 May '22 $12,650
  • April '22 Apr '22 $27,000
  • March '22 Mar '22 $10,250
Number of Homes Sold i
33
(Feb 2023)
-48.4%
year-over-year
y-o-y
  • February '23 Feb '23 33
  • January '23 Jan '23 35
  • December '22 Dec '22 42
  • November '22 Nov '22 45
  • October '22 Oct '22 54
  • September '22 Sep '22 53
  • August '22 Aug '22 94
  • July '22 Jul '22 57
  • June '22 Jun '22 60
  • May '22 May '22 69
  • April '22 Apr '22 46
  • March '22 Mar '22 79
Number of Purchase Loans i
26
(Feb 2023)
-56.7%
year-over-year
y-o-y
  • February '23 Feb '23 26
  • January '23 Jan '23 37
  • December '22 Dec '22 36
  • November '22 Nov '22 38
  • October '22 Oct '22 54
  • September '22 Sep '22 40
  • August '22 Aug '22 88
  • July '22 Jul '22 57
  • June '22 Jun '22 57
  • May '22 May '22 49
  • April '22 Apr '22 50
  • March '22 Mar '22 75
Number of REFI Loans i
8
(Feb 2023)
-88.1%
year-over-year
y-o-y
  • February '23 Feb '23 8
  • January '23 Jan '23 14
  • December '22 Dec '22 18
  • November '22 Nov '22 16
  • October '22 Oct '22 22
  • September '22 Sep '22 26
  • August '22 Aug '22 25
  • July '22 Jul '22 18
  • June '22 Jun '22 23
  • May '22 May '22 33
  • April '22 Apr '22 54
  • March '22 Mar '22 73
Number of HELOC Loans i
4
(Feb 2023)
year-over-year
y-o-y
  • February '23 Feb '23 4
  • January '23 Jan '23 10
  • December '22 Dec '22 15
  • November '22 Nov '22 11
  • October '22 Oct '22 3
  • September '22 Sep '22 15
  • August '22 Aug '22 19
  • July '22 Jul '22 11
  • June '22 Jun '22 11
  • May '22 May '22 12
  • April '22 Apr '22 12
  • March '22 Mar '22 15

Elgin, IL 60123 Foreclosure Activity

There were a total of 14 Elgin, IL 60123 properties with a foreclosure filing in February 2023. Lenders started the foreclosure process on 10 Elgin, IL 60123 properties and repossessed 1 Elgin, IL 60123 properties through completed foreclosures (REOs) in February 2023.

Total Foreclosure Filings i
14
(Feb 2023)
+133.3%
year-over-year
y-o-y
  • February '23 Feb '23 14
  • January '23 Jan '23 3
  • December '22 Dec '22 3
  • November '22 Nov '22 6
  • October '22 Oct '22 12
  • September '22 Sep '22 10
  • August '22 Aug '22 7
  • July '22 Jul '22 6
  • June '22 Jun '22 13
  • May '22 May '22 12
  • April '22 Apr '22 6
  • March '22 Mar '22 4
Foreclosure Starts i
10
(Feb 2023)
+100%
year-over-year
y-o-y
  • February '23 Feb '23 10
  • January '23 Jan '23 3
  • December '22 Dec '22 N/A
  • November '22 Nov '22 6
  • October '22 Oct '22 8
  • September '22 Sep '22 6
  • August '22 Aug '22 6
  • July '22 Jul '22 6
  • June '22 Jun '22 11
  • May '22 May '22 12
  • April '22 Apr '22 6
  • March '22 Mar '22 1
Completed Foreclosures (REOs) i
1
(Feb 2023)
  • February '23 Feb '23 1
  • January '23 Jan '23 1
  • December '22 Dec '22 N/A
  • November '22 Nov '22 5
  • October '22 Oct '22 N/A
  • September '22 Sep '22 N/A
  • August '22 Aug '22 N/A
  • July '22 Jul '22 N/A
  • June '22 Jun '22 N/A
  • May '22 May '22 N/A
  • April '22 Apr '22 1
  • March '22 Mar '22 3
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