Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $149,843
    0% ( $7 ) vs Jan 2014
  • Median Sales Price
    $148,000
    2% ( $3,000 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $101,000
    0% ( $250 ) vs Jan 2014
  • Foreclosures 772
    Homes for Sale 272
    Recently Sold 796

Market Summary

There are currently 772 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 272.

In February, the number of properties that received a foreclosure filing in Elgin, IL was 24% lower than the previous month and 35% lower than the same time last year.

Home sales for January 2015 were down 23% compared with the previous month, and down 27% compared with a year ago. The median sales price of a non-distressed home was $148,000. The median sales price of a foreclosure home was $101,000, or 32% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$101,000 (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) $103,750 (Median Foreclosure 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) $157,750 (Median Sales Price) $101,000 (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) $103,750 (Median Foreclosure 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) $157,750 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
105
2.9
% (y-o-y)
$196,750
4.1
% (y-o-y)
37.5%
16.4
% (y-o-y)
Palatine
96
16.5
% (y-o-y)
$220,000
0.5
% (y-o-y)
55.5%
56.0
% (y-o-y)
Streamwood
61
19.6
% (y-o-y)
$150,000
7.1
% (y-o-y)
26.7%
19.3
% (y-o-y)
Barrington
51
10.5
% (y-o-y)
$431,669
9.0
% (y-o-y)
26.6%
7.6
% (y-o-y)
Carpentersville
47
7.8
% (y-o-y)
$123,000
2.5
% (y-o-y)
35.8%
25.6
% (y-o-y)
Saint Charles
46
35.2
% (y-o-y)
$250,000
6.7
% (y-o-y)
Data not available
Hanover Park
31
38.0
% (y-o-y)
$155,000
23.5
% (y-o-y)
27.1%
27.3
% (y-o-y)
Hoffman Estates
28
34.9
% (y-o-y)
$161,000
8.0
% (y-o-y)
2.2%
17.4
% (y-o-y)
Bartlett
27
15.6
% (y-o-y)
$215,000
1.8
% (y-o-y)
19.3%
6.4
% (y-o-y)
Carol Stream
26
46.9
% (y-o-y)
$213,000
22.8
% (y-o-y)
31.9%
15.0
% (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: 6.50%
Percentage of vacant homes: 5.62%