Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $169,900
    10% ( $15,000 ) vs Mar 2014
  • Median Sales Price
    $150,000
    3% ( $5,000 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $111,000
    8% ( $9,750 ) vs Mar 2014
  • Foreclosures 666
    Homes for Sale 316
    Recently Sold 627

Market Summary

There are currently 666 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 316.

In April, the number of properties that received a foreclosure filing in Elgin, IL was 18% lower than the previous month and 13% lower than the same time last year.

Home sales for March 2015 were down 69% compared with the previous month, and down 81% compared with a year ago. The median sales price of a non-distressed home was $150,000. The median sales price of a foreclosure home was $111,000, or 26% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$111,000 (Median Foreclosure Sales Price) $120,750 (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) $150,000 (Median 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) $111,000 (Median Foreclosure Sales Price) $120,750 (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) $150,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
51
42.0
% (y-o-y)
$187,500
10.3
% (y-o-y)
36.0%
13.2
% (y-o-y)
Streamwood
38
2.7
% (y-o-y)
$145,500
16.4
% (y-o-y)
19.2%
19.8
% (y-o-y)
Palatine
35
55.7
% (y-o-y)
$180,000
12.7
% (y-o-y)
58.3%
61.0
% (y-o-y)
Hanover Park
35
22.2
% (y-o-y)
$158,250
21.7
% (y-o-y)
30.6%
30.0
% (y-o-y)
Carpentersville
31
59.2
% (y-o-y)
$121,000
3.2
% (y-o-y)
14.0%
30.2
% (y-o-y)
Barrington
26
50.9
% (y-o-y)
$415,000
5.1
% (y-o-y)
24.5%
23.5
% (y-o-y)
Lake In The Hills
26
39.5
% (y-o-y)
$179,000
9.8
% (y-o-y)
16.2%
14.1
% (y-o-y)
Saint Charles
22
70.7
% (y-o-y)
$270,000
1.8
% (y-o-y)
31.2%
19.6
% (y-o-y)
Bartlett
22
48.8
% (y-o-y)
$215,000
0.2
% (y-o-y)
10.0%
19.3
% (y-o-y)
Carol Stream
20
56.5
% (y-o-y)
$162,100
7.4
% (y-o-y)
Data not available

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: 8.50%
Percentage of vacant homes: 5.62%