Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $199,700
    2% ( $4,750 ) vs Jul 2015
  • Median Sales Price
    $150,000
    10% ( $16,000 ) vs Jul 2015
  • Median Foreclosure Sales Price
    $107,500
    7% ( $6,639 ) vs Jul 2015
  • Foreclosures 554
    Homes for Sale 329
    Recently Sold 370

Market Summary

There are currently 554 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 329.

In August, the number of properties that received a foreclosure filing in Elgin, IL was 121% higher than the previous month and 35% lower than the same time last year.

Home sales for July 2016 were down 68% compared with the previous month, and up 200% 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 $107,500, or 28% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$107,500 (Median Foreclosure Sales Price) $100,861 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $118,750 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $150,000 (Median Sales Price) $166,000 (Median Sales Price) $166,500 (Median Sales Price) $170,000 (Median Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price) $107,500 (Median Foreclosure Sales Price) $100,861 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $118,750 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $150,000 (Median Sales Price) $166,000 (Median Sales Price) $166,500 (Median Sales Price) $170,000 (Median Sales Price) $167,250 (Median Sales Price) $172,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Bartlett
26
100.0
% (y-o-y)
$242,750
0.9
% (y-o-y)
12.7%
24.5
% (y-o-y)
Schaumburg
26
13.3
% (y-o-y)
$256,000
50.6
% (y-o-y)
30.4%
8.7
% (y-o-y)
Carol Stream
21
110.0
% (y-o-y)
$217,500
7.4
% (y-o-y)
Data not available
Hanover Park
20
0.0
% (y-o-y)
$194,000
52.2
% (y-o-y)
38.1%
9.2
% (y-o-y)
Palatine
16
11.1
% (y-o-y)
$274,250
12.4
% (y-o-y)
56.1%
43.0
% (y-o-y)
Streamwood
13
40.9
% (y-o-y)
$173,000
9.8
% (y-o-y)
29.9%
27.0
% (y-o-y)
Hoffman Estates
9
0.0
% (y-o-y)
$220,000
27.2
% (y-o-y)
Data not available
Barrington
5
54.5
% (y-o-y)
$460,000
12.2
% (y-o-y)
Data not available
Saint Charles
2
50.0
% (y-o-y)
$244,000
11.6
% (y-o-y)
Data not available

Local Info For Elgin

Population:
106,837
Cost of Living Index: 115.08
Crime Index: 58.82     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%

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