Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $154,900
    3% ( $5,000 ) vs Feb 2014
  • Median Sales Price
    $145,000
    2% ( $3,000 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $118,500
    15% ( $15,500 ) vs Feb 2014
  • Foreclosures 716
    Homes for Sale 305
    Recently Sold 786

Market Summary

There are currently 716 properties in Elgin, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 305.

In March, the number of properties that received a foreclosure filing in Elgin, IL was 44% higher than the previous month and 5% lower than the same time last year.

Home sales for February 2015 were down 39% compared with the previous month, and down 35% compared with a year ago. The median sales price of a non-distressed home was $145,000. The median sales price of a foreclosure home was $118,500, or 18% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$118,500 (Median Foreclosure Sales Price) $103,000 (Median Foreclosure Sales Price) $100,750 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $145,000 (Median Sales Price) $148,000 (Median Sales Price) $145,000 (Median Sales Price) $152,000 (Median Sales Price) $155,000 (Median Sales Price) $161,000 (Median Sales Price) $118,500 (Median Foreclosure Sales Price) $103,000 (Median Foreclosure Sales Price) $100,750 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $145,000 (Median Sales Price) $148,000 (Median Sales Price) $145,000 (Median Sales Price) $152,000 (Median Sales Price) $155,000 (Median Sales Price) $161,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Palatine
67
2.9
% (y-o-y)
$212,000
4.5
% (y-o-y)
64.6%
59.0
% (y-o-y)
Schaumburg
67
15.2
% (y-o-y)
$195,750
15.1
% (y-o-y)
38.3%
1.9
% (y-o-y)
Streamwood
40
14.9
% (y-o-y)
$152,000
13.4
% (y-o-y)
23.7%
19.4
% (y-o-y)
Barrington
36
41.9
% (y-o-y)
$421,250
18.0
% (y-o-y)
Data not available
Algonquin
33
17.9
% (y-o-y)
$175,250
12.4
% (y-o-y)
Data not available
Hanover Park
32
23.8
% (y-o-y)
$166,000
26.5
% (y-o-y)
26.5%
31.6
% (y-o-y)
Saint Charles
30
30.2
% (y-o-y)
$260,250
6.7
% (y-o-y)
42.3%
32.1
% (y-o-y)
Bartlett
27
3.8
% (y-o-y)
$215,000
3.6
% (y-o-y)
16.3%
10.8
% (y-o-y)
Carol Stream
26
23.5
% (y-o-y)
$194,500
17.2
% (y-o-y)
Data not available
Lake In The Hills
25
28.6
% (y-o-y)
$194,500
14.4
% (y-o-y)
33.2%
17.6
% (y-o-y)

Local Info For Elgin

Population:
106,837
Cost of Living Index: 115.08
Crime Index: 88.67     Rating: B View crime details
Schools: 21    Average School Rating: C- View individual school rating
Household Median Income: $57,216
Unemployment: 9.50%
Percentage of vacant homes: 5.62%