Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $139,400
    1% ( $950 ) vs Feb 2013
  • Median Sales Price
    $135,000
    1% ( $1,500 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $93,000
    3% ( $3,000 ) vs Feb 2013
  • Foreclosures 1,291
    Homes for Sale 357
    Recently Sold 1,427

Market Summary

There are currently 1,291 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 357.

In March, the number of properties that received a foreclosure filing in Elgin, IL was 2% lower than the previous month and 51% lower than the same time last year.

Home sales for February 2014 were down 31% compared with the previous month, and up 10% compared with a year ago. The median sales price of a non-distressed home was $135,000. The median sales price of a foreclosure home was $93,000, or 31% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$93,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $86,750 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $86,834 (Median Foreclosure Sales Price) $86,000 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $136,500 (Median Sales Price) $133,000 (Median Sales Price) $133,000 (Median Sales Price) $137,500 (Median Sales Price) $140,000 (Median Sales Price) $93,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $86,750 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $86,834 (Median Foreclosure Sales Price) $86,000 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $136,500 (Median Sales Price) $133,000 (Median Sales Price) $133,000 (Median Sales Price) $137,500 (Median Sales Price) $140,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
79
27.5
% (y-o-y)
$170,000
4.9
% (y-o-y)
1.9%
31.8
% (y-o-y)
Palatine
69
21.6
% (y-o-y)
$222,000
6.3
% (y-o-y)
60.6%
71.3
% (y-o-y)
Barrington
62
21.6
% (y-o-y)
$357,000
15.5
% (y-o-y)
13.0%
8.6
% (y-o-y)
Carpentersville
50
2.0
% (y-o-y)
$120,000
17.1
% (y-o-y)
29.2%
34.4
% (y-o-y)
Streamwood
46
13.2
% (y-o-y)
$134,000
10.6
% (y-o-y)
19.4%
31.5
% (y-o-y)
Saint Charles
43
21.8
% (y-o-y)
$280,000
12.3
% (y-o-y)
32.3%
37.8
% (y-o-y)
Hanover Park
42
10.5
% (y-o-y)
$131,250
4.2
% (y-o-y)
31.6%
27.0
% (y-o-y)
Lake In The Hills
35
6.1
% (y-o-y)
$170,000
11.5
% (y-o-y)
17.6%
31.9
% (y-o-y)
Carol Stream
32
13.5
% (y-o-y)
$162,750
4.3
% (y-o-y)
11.8%
22.9
% (y-o-y)
Algonquin
28
9.7
% (y-o-y)
$200,000
17.7
% (y-o-y)
20.9%
49.5
% (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: 9.10%
Percentage of vacant homes: 5.62%