Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $163,950
    1% ( $950 ) vs Oct 2013
  • Median Sales Price
    $155,000
    4% ( $6,500 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $105,000
    7% ( $7,500 ) vs Oct 2013
  • Foreclosures 919
    Homes for Sale 238
    Recently Sold 1,197

Market Summary

There are currently 919 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 238.

In November, the number of properties that received a foreclosure filing in Elgin, IL was 26% lower than the previous month and 12% lower than the same time last year.

Home sales for October 2014 were up 3% compared with the previous month, and up 42% compared with a year ago. The median sales price of a non-distressed home was $155,000. The median sales price of a foreclosure home was $105,000, or 32% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$105,000 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $103,750 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $87,000 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $161,500 (Median Sales Price) $157,750 (Median Sales Price) $144,500 (Median Sales Price) $145,000 (Median Sales Price) $137,500 (Median Sales Price) $105,000 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $103,750 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $87,000 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $161,500 (Median Sales Price) $157,750 (Median Sales Price) $144,500 (Median Sales Price) $145,000 (Median Sales Price) $137,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
183
30.7
% (y-o-y)
$196,500
8.6
% (y-o-y)
19.1%
42.3
% (y-o-y)
Palatine
159
14.4
% (y-o-y)
$248,000
3.3
% (y-o-y)
59.5%
65.9
% (y-o-y)
Barrington
95
43.9
% (y-o-y)
$445,000
6.3
% (y-o-y)
Data not available
Saint Charles
88
8.6
% (y-o-y)
$292,500
6.4
% (y-o-y)
36.8%
43.5
% (y-o-y)
Streamwood
78
9.9
% (y-o-y)
$152,000
6.2
% (y-o-y)
34.2%
32.1
% (y-o-y)
Bartlett
65
6.6
% (y-o-y)
$232,750
0.3
% (y-o-y)
13.6%
24.4
% (y-o-y)
Carpentersville
65
0.0
% (y-o-y)
$125,000
7.1
% (y-o-y)
32.4%
35.5
% (y-o-y)
Hanover Park
62
22.5
% (y-o-y)
$151,000
5.9
% (y-o-y)
13.9%
33.1
% (y-o-y)
Algonquin
53
17.8
% (y-o-y)
$209,000
2.6
% (y-o-y)
35.0%
37.1
% (y-o-y)
Hoffman Estates
51
18.6
% (y-o-y)
$190,750
15.6
% (y-o-y)
30.5%
12.9
% (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: 6.10%
Percentage of vacant homes: 5.62%