Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $172,640
    2% ( $2,740 ) vs Apr 2014
  • Median Sales Price
    $148,750
    1% ( $1,250 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $102,500
    8% ( $8,500 ) vs Apr 2014
  • Foreclosures 638
    Homes for Sale 362
    Recently Sold 503

Market Summary

There are currently 638 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 362.

In May, the number of properties that received a foreclosure filing in Elgin, IL was 5% lower than the previous month and 20% lower than the same time last year.

Home sales for April 2015 were up 20% compared with the previous month, and down 81% compared with a year ago. The median sales price of a non-distressed home was $148,750. The median sales price of a foreclosure home was $102,500, or 31% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$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) $92,000 (Median Foreclosure 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) $152,000 (Median 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) $92,000 (Median Foreclosure 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) $152,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
62
56.9
% (y-o-y)
$190,500
4.8
% (y-o-y)
37.0%
32.0
% (y-o-y)
Palatine
42
63.8
% (y-o-y)
$207,500
5.3
% (y-o-y)
54.7%
55.5
% (y-o-y)
Streamwood
39
45.8
% (y-o-y)
$146,000
4.8
% (y-o-y)
21.2%
21.7
% (y-o-y)
Hanover Park
34
29.2
% (y-o-y)
$150,250
7.3
% (y-o-y)
33.9%
20.9
% (y-o-y)
Carol Stream
33
6.5
% (y-o-y)
$158,500
14.3
% (y-o-y)
Data not available
Lake In The Hills
29
19.4
% (y-o-y)
$172,500
6.8
% (y-o-y)
36.2%
14.9
% (y-o-y)
Bartlett
28
39.1
% (y-o-y)
$216,500
1.6
% (y-o-y)
Data not available
Algonquin
23
4.2
% (y-o-y)
$166,500
15.9
% (y-o-y)
3.3%
12.9
% (y-o-y)
Carpentersville
22
57.7
% (y-o-y)
$108,750
18.1
% (y-o-y)
Data not available
Hoffman Estates
21
43.2
% (y-o-y)
$122,750
13.9
% (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: 6.10%
Percentage of vacant homes: 5.62%