Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $194,950
    0% ( $50 ) vs Mar 2015
  • Median Sales Price
    $167,250
    3% ( $4,750 ) vs Mar 2015
  • Median Foreclosure Sales Price
    $118,750
    13% ( $13,250 ) vs Mar 2015
  • Foreclosures 569
    Homes for Sale 291
    Recently Sold 752

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 291.

In April, the number of properties that received a foreclosure filing in Elgin, IL was 24% lower than the previous month and 32% lower than the same time last year.

Home sales for March 2016 were up 20% compared with the previous month, and up 387% compared with a year ago. The median sales price of a non-distressed home was $167,250. The median sales price of a foreclosure home was $118,750, or 29% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$118,750 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price) $170,750 (Median Sales Price) $160,000 (Median Sales Price) $155,000 (Median Sales Price) $0 (Median 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) $107,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price) $170,750 (Median Sales Price) $160,000 (Median Sales Price) $155,000 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
105
105.9
% (y-o-y)
$212,000
13.1
% (y-o-y)
38.4%
36.0
% (y-o-y)
Palatine
90
157.1
% (y-o-y)
$234,000
30.0
% (y-o-y)
53.4%
58.3
% (y-o-y)
Saint Charles
62
181.8
% (y-o-y)
$280,000
3.7
% (y-o-y)
15.7%
31.2
% (y-o-y)
Barrington
61
134.6
% (y-o-y)
$404,000
2.7
% (y-o-y)
Data not available
Streamwood
58
52.6
% (y-o-y)
$165,000
13.4
% (y-o-y)
21.2%
19.2
% (y-o-y)
Carpentersville
55
77.4
% (y-o-y)
$149,000
23.1
% (y-o-y)
32.9%
14.0
% (y-o-y)
Carol Stream
51
155.0
% (y-o-y)
$169,000
4.3
% (y-o-y)
14.2%
29.5
% (y-o-y)
Bartlett
50
127.3
% (y-o-y)
$219,000
1.9
% (y-o-y)
5.7%
10.0
% (y-o-y)
Hoffman Estates
43
168.8
% (y-o-y)
$160,000
2.6
% (y-o-y)
37.8%
37.5
% (y-o-y)
South Elgin
37
270.0
% (y-o-y)
$187,000
3.7
% (y-o-y)
29.7%
20.4
% (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: 9.00%
Percentage of vacant homes: 5.62%

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