Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $199,900
    0% ( $450 ) vs May 2015
  • Median Sales Price
    $170,000
    0% ( $0 ) vs May 2015
  • Median Foreclosure Sales Price
    $105,000
    2% ( $2,000 ) vs May 2015
  • Foreclosures 569
    Homes for Sale 310
    Recently Sold 477

Market Summary

There are currently 569 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 310.

In June, the number of properties that received a foreclosure filing in Elgin, IL was 10% lower than the previous month and 26% lower than the same time last year.

Home sales for May 2016 were down 77% compared with the previous month, and down 77% compared with a year ago. The median sales price of a non-distressed home was $170,000. The median sales price of a foreclosure home was $105,000, or 38% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$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) $112,000 (Median Foreclosure Sales Price) $170,000 (Median Sales Price) $170,000 (Median Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price) $170,750 (Median Sales Price) $160,000 (Median 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) $112,000 (Median Foreclosure Sales Price) $170,000 (Median Sales Price) $170,000 (Median Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price) $170,750 (Median Sales Price) $160,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Hanover Park
34
20.9
% (y-o-y)
$160,000
6.1
% (y-o-y)
28.4%
39.3
% (y-o-y)
Schaumburg
28
68.2
% (y-o-y)
$243,250
33.7
% (y-o-y)
35.9%
30.2
% (y-o-y)
Streamwood
28
31.7
% (y-o-y)
$171,000
6.9
% (y-o-y)
28.4%
32.8
% (y-o-y)
Palatine
26
72.0
% (y-o-y)
$241,000
3.6
% (y-o-y)
63.6%
51.8
% (y-o-y)
Bartlett
25
45.7
% (y-o-y)
$235,000
9.8
% (y-o-y)
22.1%
0.0
% (y-o-y)
Carol Stream
24
42.9
% (y-o-y)
$198,334
6.2
% (y-o-y)
26.9%
9.2
% (y-o-y)
Carpentersville
13
62.9
% (y-o-y)
$150,000
20.0
% (y-o-y)
32.8%
16.0
% (y-o-y)
Hoffman Estates
12
53.8
% (y-o-y)
$199,500
1.8
% (y-o-y)
49.4%
25.5
% (y-o-y)
Barrington
11
76.1
% (y-o-y)
$470,000
15.3
% (y-o-y)
34.0%
18.2
% (y-o-y)
South Elgin
9
75.0
% (y-o-y)
$185,000
18.8
% (y-o-y)
18.9%
12.2
% (y-o-y)

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: 6.00%
Percentage of vacant homes: 5.62%

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