Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $194,950
    2% ( $4,950 ) vs Jun 2015
  • Median Sales Price
    $169,500
    1% ( $1,500 ) vs Jun 2015
  • Median Foreclosure Sales Price
    $100,431
    4% ( $4,570 ) vs Jun 2015
  • Foreclosures 570
    Homes for Sale 328
    Recently Sold 378

Market Summary

There are currently 570 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 328.

In July, the number of properties that received a foreclosure filing in Elgin, IL was 48% lower than the previous month and 77% lower than the same time last year.

Home sales for June 2016 were down 86% compared with the previous month, and down 83% compared with a year ago. The median sales price of a non-distressed home was $169,500. The median sales price of a foreclosure home was $100,431, or 41% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$100,431 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $118,750 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $169,500 (Median Sales Price) $168,000 (Median Sales Price) $170,000 (Median Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price) $170,750 (Median Sales Price) $100,431 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $118,750 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $169,500 (Median Sales Price) $168,000 (Median Sales Price) $170,000 (Median Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price) $170,750 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
28
62.2
% (y-o-y)
$255,250
39.5
% (y-o-y)
30.2%
22.4
% (y-o-y)
Palatine
26
50.9
% (y-o-y)
$246,000
0.4
% (y-o-y)
63.4%
47.0
% (y-o-y)
Hanover Park
24
4.0
% (y-o-y)
$175,000
17.4
% (y-o-y)
30.9%
29.0
% (y-o-y)
Carol Stream
22
21.4
% (y-o-y)
$223,000
7.7
% (y-o-y)
24.9%
13.0
% (y-o-y)
Streamwood
21
51.2
% (y-o-y)
$173,000
8.1
% (y-o-y)
29.2%
24.8
% (y-o-y)
Bartlett
19
45.7
% (y-o-y)
$239,000
8.0
% (y-o-y)
23.4%
33.7
% (y-o-y)
Hoffman Estates
17
29.2
% (y-o-y)
$201,750
13.7
% (y-o-y)
Data not available
Barrington
9
71.0
% (y-o-y)
$487,600
17.4
% (y-o-y)
49.0%
18.1
% (y-o-y)
Carpentersville
1
95.2
% (y-o-y)
$142,000
12.7
% (y-o-y)
34.3%
21.0
% (y-o-y)
Dundee
1
87.5
% (y-o-y)
$170,000
34.6
% (y-o-y)
Data not available

Local Info For Elgin

Population:
106,837
Cost of Living Index: 115.08
Crime Index: 68.34     Rating: B+ View crime details
Schools: 21    Average School Rating: C- View individual school rating
Household Median Income: $57,216
Unemployment: 5.80%
Percentage of vacant homes: 5.62%

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