South Elgin, IL Home Values & Market Trends
Real estate market trends reflect that there have been 298 transactions over the past year in South Elgin. The median value for residential home transactions that occurred over the previous year is $320,397.42. The number of current listings in South Elgin is 9, and the percentage of properties for sale in the city is 9.00%. South Elgin, IL currently has 38 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 9 properties for sale.
South Elgin, IL Real Estate Market Overview
Zip | Median Est. Value |
---|---|
60177 | $ 410,000 $ 189/sqft |
Housing Market Summary for South Elgin, IL
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $280K | $296.3K | 5.81% |
Median Sold Price | $290.5K | $296.3K | 1.98% |
Homes For Sale | 7 | 8 | 14.29% |
Homes Sold | 231 | 167 | -27.71% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in South Elgin, IL
Browse Homes in South Elgin, IL
South Elgin home values range from $37,808 to $1,040,839. The median estimated value of a home in South Elgin is $320,397.42. The median list price of a home is 375,000, and the total count of properties in the city is 7,971.
- Pre-ForeclosurePre-foreclosure homes account for 0.46% of all residential properties in South Elgin, IL with 60177 containing 37 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within South Elgin, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $590,490 in 60177 to the lowest home value of $186,565 in 60177.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in South Elgin, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in South Elgin, IL. There is 1 zips within South Elgin, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60177 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of South Elgin, IL. Auction homes and other auction properties account for 0.01% of all properties in South Elgin, IL. There is 1 zips within South Elgin, IL; of that zips, the median estimated home value for homes going to auction ranges from $649,796 in 60177 to the lowest value of $649,796 in 60177.
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