Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $164,800
    3% ( $5,050 ) vs Jun 2013
  • Median Sales Price
    $145,000
    5% ( $7,500 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $91,000
    5% ( $4,000 ) vs Jun 2013
  • Foreclosures 1,049
    Homes for Sale 397
    Recently Sold 1,184

Market Summary

There are currently 1,049 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 397.

In July, the number of properties that received a foreclosure filing in Elgin, IL was 18% higher than the previous month and 4% higher than the same time last year.

Home sales for June 2014 were down 11% compared with the previous month, and down 25% compared with a year ago. The median sales price of a non-distressed home was $145,000. The median sales price of a foreclosure home was $91,000, or 37% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$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) $90,000 (Median Foreclosure 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) $136,500 (Median 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) $90,000 (Median Foreclosure 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) $136,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
107
34.4
% (y-o-y)
$211,250
9.0
% (y-o-y)
29.0%
43.2
% (y-o-y)
Saint Charles
88
32.3
% (y-o-y)
$281,000
0.4
% (y-o-y)
28.6%
23.9
% (y-o-y)
Palatine
83
45.4
% (y-o-y)
$230,000
1.5
% (y-o-y)
36.5%
67.7
% (y-o-y)
Barrington
69
25.8
% (y-o-y)
$467,500
8.7
% (y-o-y)
25.1%
47.0
% (y-o-y)
Carpentersville
58
32.6
% (y-o-y)
$127,250
11.9
% (y-o-y)
35.6%
41.1
% (y-o-y)
Algonquin
56
16.4
% (y-o-y)
$209,250
9.0
% (y-o-y)
23.3%
29.7
% (y-o-y)
Geneva
53
25.4
% (y-o-y)
$300,000
1.5
% (y-o-y)
31.7%
50.1
% (y-o-y)
Streamwood
52
31.6
% (y-o-y)
$149,750
6.2
% (y-o-y)
9.8%
22.0
% (y-o-y)
Bartlett
47
50.5
% (y-o-y)
$247,000
14.4
% (y-o-y)
13.4%
29.2
% (y-o-y)
Lake In The Hills
42
44.0
% (y-o-y)
$180,000
2.6
% (y-o-y)
25.0%
21.0
% (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: 7.00%
Percentage of vacant homes: 5.62%