Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,750
    7% ( $9,850 ) vs May 2013
  • Median Sales Price
    $137,500
    0% ( $250 ) vs May 2013
  • Median Foreclosure Sales Price
    $87,000
    1% ( $500 ) vs May 2013
  • Foreclosures 1,118
    Homes for Sale 399
    Recently Sold 1,228

Market Summary

There are currently 1,118 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 399.

In June, the number of properties that received a foreclosure filing in Elgin, IL was 3% lower than the previous month and 12% lower than the same time last year.

Home sales for May 2014 were up 8% compared with the previous month, and down 9% compared with a year ago. The median sales price of a non-distressed home was $137,500. The median sales price of a foreclosure home was $87,000, or 37% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$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) $86,750 (Median Foreclosure 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) $134,000 (Median 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) $86,750 (Median Foreclosure 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) $134,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
122
17.0
% (y-o-y)
$210,000
13.2
% (y-o-y)
35.6%
40.7
% (y-o-y)
Palatine
116
15.3
% (y-o-y)
$220,000
2.3
% (y-o-y)
44.2%
64.9
% (y-o-y)
Saint Charles
81
14.7
% (y-o-y)
$279,000
0.4
% (y-o-y)
16.5%
24.9
% (y-o-y)
Algonquin
68
30.8
% (y-o-y)
$205,000
10.8
% (y-o-y)
22.0%
31.8
% (y-o-y)
Streamwood
62
26.2
% (y-o-y)
$147,000
8.1
% (y-o-y)
16.3%
11.8
% (y-o-y)
Bartlett
59
15.7
% (y-o-y)
$237,000
19.1
% (y-o-y)
15.4%
9.0
% (y-o-y)
Barrington
57
24.0
% (y-o-y)
$467,000
9.9
% (y-o-y)
25.9%
47.1
% (y-o-y)
Carpentersville
56
3.4
% (y-o-y)
$126,000
5.2
% (y-o-y)
32.1%
35.7
% (y-o-y)
Geneva
49
10.9
% (y-o-y)
$288,000
5.6
% (y-o-y)
32.3%
36.4
% (y-o-y)
Carol Stream
45
9.8
% (y-o-y)
$178,500
1.1
% (y-o-y)
17.4%
19.9
% (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: 8.90%
Percentage of vacant homes: 5.62%