Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $149,900
    3% ( $5,000 ) vs Dec 2013
  • Median Sales Price
    $148,000
    4% ( $6,500 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $99,250
    8% ( $7,250 ) vs Dec 2013
  • Foreclosures 797
    Homes for Sale 251
    Recently Sold 868

Market Summary

There are currently 797 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 251.

In January, the number of properties that received a foreclosure filing in Elgin, IL was 85% higher than the previous month and 19% lower than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $148,000. The median sales price of a foreclosure home was $99,250, or 33% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$99,250 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $103,750 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $148,000 (Median Sales Price) $154,500 (Median Sales Price) $155,000 (Median Sales Price) $161,500 (Median Sales Price) $157,750 (Median Sales Price) $144,500 (Median Sales Price) $99,250 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $103,750 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $148,000 (Median Sales Price) $154,500 (Median Sales Price) $155,000 (Median Sales Price) $161,500 (Median Sales Price) $157,750 (Median Sales Price) $144,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
29
77.2
% (y-o-y)
$200,000
0.0
% (y-o-y)
28.5%
24.8
% (y-o-y)
Lake In The Hills
22
35.3
% (y-o-y)
$193,750
26.4
% (y-o-y)
40.4%
5.4
% (y-o-y)
Palatine
17
85.2
% (y-o-y)
$225,000
0.7
% (y-o-y)
48.9%
49.2
% (y-o-y)
Streamwood
17
77.0
% (y-o-y)
$148,000
3.6
% (y-o-y)
34.5%
25.7
% (y-o-y)
Hanover Park
12
76.9
% (y-o-y)
$145,000
7.4
% (y-o-y)
13.1%
17.0
% (y-o-y)
Bartlett
11
79.6
% (y-o-y)
$225,000
3.2
% (y-o-y)
20.8%
4.6
% (y-o-y)
Carpentersville
11
76.1
% (y-o-y)
$121,600
2.2
% (y-o-y)
35.4%
37.4
% (y-o-y)
Hoffman Estates
10
64.3
% (y-o-y)
$180,000
16.1
% (y-o-y)
13.2%
31.9
% (y-o-y)
Carol Stream
6
79.3
% (y-o-y)
$207,500
14.3
% (y-o-y)
42.2%
13.9
% (y-o-y)
Barrington
5
92.5
% (y-o-y)
$511,000
16.1
% (y-o-y)
16.6%
31.5
% (y-o-y)

Local Info For Elgin

Population:
106,837
Cost of Living Index: 115.08
Crime Index: 88.67     Rating: B View crime details
Schools: 21    Average School Rating: C- View individual school rating
Household Median Income: $57,216
Unemployment: 6.50%
Percentage of vacant homes: 5.62%