Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $179,900
    4% ( $7,260 ) vs May 2014
  • Median Sales Price
    $150,000
    1% ( $1,250 ) vs May 2014
  • Median Foreclosure Sales Price
    $104,000
    1% ( $1,500 ) vs May 2014
  • Foreclosures 631
    Homes for Sale 333
    Recently Sold 378

Market Summary

There are currently 631 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 333.

In June, the number of properties that received a foreclosure filing in Elgin, IL was 30% lower than the previous month and 43% lower than the same time last year.

Home sales for May 2015 were up 289% compared with the previous month, and down 27% 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 $104,000, or 31% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$104,000 (Median Foreclosure Sales Price) $102,500 (Median Foreclosure 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) $150,000 (Median Sales Price) $148,750 (Median Sales Price) $150,000 (Median Sales Price) $145,000 (Median Sales Price) $148,000 (Median Sales Price) $145,000 (Median Sales Price) $104,000 (Median Foreclosure Sales Price) $102,500 (Median Foreclosure 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) $150,000 (Median Sales Price) $148,750 (Median Sales Price) $150,000 (Median Sales Price) $145,000 (Median Sales Price) $148,000 (Median Sales Price) $145,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Palatine
84
27.6
% (y-o-y)
$250,000
13.6
% (y-o-y)
51.8%
44.2
% (y-o-y)
Schaumburg
78
36.1
% (y-o-y)
$182,000
13.7
% (y-o-y)
30.2%
35.9
% (y-o-y)
Saint Charles
66
18.5
% (y-o-y)
$265,000
5.0
% (y-o-y)
Data not available
Algonquin
46
32.4
% (y-o-y)
$202,250
1.3
% (y-o-y)
27.6%
22.0
% (y-o-y)
Bartlett
44
25.4
% (y-o-y)
$214,000
9.7
% (y-o-y)
Data not available
Barrington
43
24.6
% (y-o-y)
$407,500
12.4
% (y-o-y)
18.2%
25.5
% (y-o-y)
Hanover Park
43
2.3
% (y-o-y)
$150,750
3.4
% (y-o-y)
39.3%
34.3
% (y-o-y)
Carol Stream
42
6.7
% (y-o-y)
$186,750
4.6
% (y-o-y)
9.2%
17.4
% (y-o-y)
South Elgin
36
2.9
% (y-o-y)
$227,750
39.7
% (y-o-y)
12.2%
10.9
% (y-o-y)
Streamwood
36
41.9
% (y-o-y)
$160,000
10.0
% (y-o-y)
32.8%
15.5
% (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: 5.60%
Percentage of vacant homes: 5.62%