Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $162,000
    2% ( $2,800 ) vs Jul 2013
  • Median Sales Price
    $144,500
    0% ( $500 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $96,250
    6% ( $5,250 ) vs Jul 2013
  • Foreclosures 1,024
    Homes for Sale 305
    Recently Sold 1,175

Market Summary

There are currently 1,024 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 305.

In August, the number of properties that received a foreclosure filing in Elgin, IL was 46% lower than the previous month and 30% lower than the same time last year.

Home sales for July 2014 were down 5% compared with the previous month, and down 30% compared with a year ago. The median sales price of a non-distressed home was $144,500. The median sales price of a foreclosure home was $96,250, or 33% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$96,250 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $87,000 (Median Foreclosure Sales Price) $86,500 (Median Foreclosure Sales Price) $88,290 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $144,500 (Median Sales Price) $145,000 (Median Sales Price) $137,500 (Median Sales Price) $137,250 (Median Sales Price) $135,500 (Median Sales Price) $135,000 (Median Sales Price) $96,250 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $87,000 (Median Foreclosure Sales Price) $86,500 (Median Foreclosure Sales Price) $88,290 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $144,500 (Median Sales Price) $145,000 (Median Sales Price) $137,500 (Median Sales Price) $137,250 (Median Sales Price) $135,500 (Median Sales Price) $135,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
99
49.5
% (y-o-y)
$219,000
6.3
% (y-o-y)
31.5%
45.9
% (y-o-y)
Palatine
95
56.0
% (y-o-y)
$250,000
0.4
% (y-o-y)
56.5%
68.3
% (y-o-y)
Saint Charles
80
38.0
% (y-o-y)
$292,000
0.7
% (y-o-y)
26.0%
42.1
% (y-o-y)
Barrington
76
46.1
% (y-o-y)
$448,000
1.3
% (y-o-y)
37.7%
47.0
% (y-o-y)
Bartlett
59
34.4
% (y-o-y)
$247,500
6.7
% (y-o-y)
14.6%
20.3
% (y-o-y)
Streamwood
50
52.4
% (y-o-y)
$157,000
7.2
% (y-o-y)
18.0%
28.7
% (y-o-y)
Algonquin
41
40.6
% (y-o-y)
$209,000
2.2
% (y-o-y)
23.4%
26.0
% (y-o-y)
Geneva
38
35.6
% (y-o-y)
$308,000
0.7
% (y-o-y)
42.5%
30.4
% (y-o-y)
Carol Stream
37
46.4
% (y-o-y)
$215,000
16.2
% (y-o-y)
29.8%
26.2
% (y-o-y)
Lake In The Hills
36
58.1
% (y-o-y)
$180,000
4.5
% (y-o-y)
23.3%
36.3
% (y-o-y)

Local Info For Elgin

Population:
106,837
Cost of Living Index: 115.08
Crime Index: 84.10     Rating: B View crime details
Schools: 21    Average School Rating: C- View individual school rating
Household Median Income: $57,216
Unemployment: 6.60%
Percentage of vacant homes: 5.62%