Elgin, IL 60124 Real Estate & Property Data

Elgin, IL 60124 Real Estate Market Trends
Last Updated: May 27, 2024

A total of 473 residential properties have been sold over the past 12 months in 60124. With a median sales price of $405,000 in 60124 and a total of 2 foreclosures in Elgin, IL 60124. Discover market trends and get the granular level real estate data for Elgin, IL 60124 to keep your pulse on the housing market. Curate compelling home reports for Elgin, IL 60124 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Elgin, IL 60124 Real Estate Market Trends
Total Residential Properties 9,546
Total Commercial Properties 233
Avg. Home Age (Single Family Home) 28 Years
Avg. Square Feet (Single Family Home) 2,468
Total 2024 Residential Sales (year-to-date) 95
% of Homes Seriously Underwater (Q2 2024) 0.53%
Total 2023 Residential Sales 418
% of Equity Rich Homes (Q2 2024) 42.51%
Effective 2023 Property Tax 2.02%
Total Foreclosure Filings (year-to-date) 10
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Elgin, IL 60124 Real Estate Overview

There were 473 residential properties sold in the past year in Elgin, IL 60124. The median home value in Elgin, IL 60124 is $457,641. There are a total of 9,546 residential properties in the 60124.

Median Sales Price i
$405,000
(Mar 2024)
+12.5%
year-over-year
y-o-y
  • March '24 Mar '24 $405,000
  • February '24 Feb '24 $448,000
  • January '24 Jan '24 $435,000
  • December '23 Dec '23 $447,500
  • November '23 Nov '23 $485,000
  • October '23 Oct '23 $407,500
  • September '23 Sep '23 $470,000
  • August '23 Aug '23 $463,000
  • July '23 Jul '23 $490,000
  • June '23 Jun '23 $450,000
  • May '23 May '23 $353,750
  • April '23 Apr '23 $457,500
Median Down Payment i
$58,542
(Mar 2024)
-28.6%
year-over-year
y-o-y
  • March '24 Mar '24 $58,542
  • February '24 Feb '24 $43,875
  • January '24 Jan '24 $61,204
  • December '23 Dec '23 $87,250
  • November '23 Nov '23 $97,000
  • October '23 Oct '23 $92,500
  • September '23 Sep '23 $128,920
  • August '23 Aug '23 $105,250
  • July '23 Jul '23 $162,375
  • June '23 Jun '23 $74,000
  • May '23 May '23 $41,090
  • April '23 Apr '23 $120,600
Number of Homes Sold i
29
(Mar 2024)
-23.7%
year-over-year
y-o-y
  • March '24 Mar '24 29
  • February '24 Feb '24 31
  • January '24 Jan '24 35
  • December '23 Dec '23 33
  • November '23 Nov '23 37
  • October '23 Oct '23 31
  • September '23 Sep '23 44
  • August '23 Aug '23 43
  • July '23 Jul '23 43
  • June '23 Jun '23 44
  • May '23 May '23 35
  • April '23 Apr '23 30
Number of Purchase Loans i
22
(Mar 2024)
-15.4%
year-over-year
y-o-y
  • March '24 Mar '24 22
  • February '24 Feb '24 27
  • January '24 Jan '24 32
  • December '23 Dec '23 27
  • November '23 Nov '23 34
  • October '23 Oct '23 28
  • September '23 Sep '23 39
  • August '23 Aug '23 33
  • July '23 Jul '23 37
  • June '23 Jun '23 35
  • May '23 May '23 27
  • April '23 Apr '23 19
Number of REFI Loans i
1
(Mar 2024)
-91.7%
year-over-year
y-o-y
  • March '24 Mar '24 1
  • February '24 Feb '24 17
  • January '24 Jan '24 11
  • December '23 Dec '23 11
  • November '23 Nov '23 5
  • October '23 Oct '23 17
  • September '23 Sep '23 7
  • August '23 Aug '23 16
  • July '23 Jul '23 20
  • June '23 Jun '23 12
  • May '23 May '23 9
  • April '23 Apr '23 20
Number of HELOC Loans i
15
(Mar 2024)
+114.3%
year-over-year
y-o-y
  • March '24 Mar '24 15
  • February '24 Feb '24 14
  • January '24 Jan '24 8
  • December '23 Dec '23 13
  • November '23 Nov '23 11
  • October '23 Oct '23 14
  • September '23 Sep '23 11
  • August '23 Aug '23 16
  • July '23 Jul '23 7
  • June '23 Jun '23 15
  • May '23 May '23 14
  • April '23 Apr '23 10

Elgin, IL 60124 Foreclosure Activity

There were a total of 2 Elgin, IL 60124 properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i
2
(Mar 2024)
-33.3%
year-over-year
y-o-y
  • March '24 Mar '24 2
  • February '24 Feb '24 2
  • January '24 Jan '24 6
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 2
  • September '23 Sep '23 2
  • August '23 Aug '23 2
  • July '23 Jul '23 2
  • June '23 Jun '23 4
  • May '23 May '23 4
  • April '23 Apr '23 3
Foreclosure Starts i
1
(Mar 2024)
-50%
year-over-year
y-o-y
  • March '24 Mar '24 1
  • February '24 Feb '24 2
  • January '24 Jan '24 5
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 1
  • July '23 Jul '23 2
  • June '23 Jun '23 4
  • May '23 May '23 4
  • April '23 Apr '23 3
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