Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $179,900
    3% ( $5,000 ) vs Nov 2014
  • Median Sales Price
    $155,000
    0% ( $0 ) vs Nov 2014
  • Median Foreclosure Sales Price
    $107,000
    6% ( $6,500 ) vs Nov 2014
  • Foreclosures 599
    Homes for Sale 279
    Recently Sold 1,099

Market Summary

There are currently 599 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 279.

In December, the number of properties that received a foreclosure filing in Elgin, IL was 14% higher than the previous month and 8% higher than the same time last year.

Home sales for November 2015 were up 2000% compared with the previous month, and down 65% compared with a year ago. The median sales price of a non-distressed home was $155,000. The median sales price of a foreclosure home was $107,000, or 31% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$107,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $110,250 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $120,500 (Median Foreclosure Sales Price) $117,000 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $179,200 (Median Sales Price) $162,000 (Median Sales Price) $158,500 (Median Sales Price) $107,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $110,250 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $120,500 (Median Foreclosure Sales Price) $117,000 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $179,200 (Median Sales Price) $162,000 (Median Sales Price) $158,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
70
23.9
% (y-o-y)
$220,000
10.0
% (y-o-y)
20.9%
24.5
% (y-o-y)
Palatine
62
53.0
% (y-o-y)
$230,500
0.0
% (y-o-y)
60.6%
51.0
% (y-o-y)
Streamwood
48
27.3
% (y-o-y)
$177,250
18.2
% (y-o-y)
37.5%
35.3
% (y-o-y)
Barrington
35
42.6
% (y-o-y)
$547,500
17.7
% (y-o-y)
33.0%
9.0
% (y-o-y)
Hanover Park
34
8.1
% (y-o-y)
$150,500
0.3
% (y-o-y)
21.2%
13.3
% (y-o-y)
Bartlett
31
20.5
% (y-o-y)
$239,063
4.2
% (y-o-y)
21.2%
22.3
% (y-o-y)
Saint Charles
28
44.0
% (y-o-y)
$317,500
17.6
% (y-o-y)
29.8%
31.6
% (y-o-y)
Carpentersville
25
45.7
% (y-o-y)
$150,000
20.0
% (y-o-y)
31.3%
35.2
% (y-o-y)
Hoffman Estates
25
26.5
% (y-o-y)
$177,000
2.9
% (y-o-y)
38.3%
11.3
% (y-o-y)
Algonquin
23
43.9
% (y-o-y)
$230,000
12.2
% (y-o-y)
41.0%
23.5
% (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: 5.70%
Percentage of vacant homes: 5.62%

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