Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $154,900
    5% ( $8,100 ) vs Nov 2013
  • Median Sales Price
    $154,500
    0% ( $500 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $92,000
    12% ( $13,000 ) vs Nov 2013
  • Foreclosures 892
    Homes for Sale 256
    Recently Sold 996

Market Summary

There are currently 892 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 256.

In December, the number of properties that received a foreclosure filing in Elgin, IL was 27% lower than the previous month and 59% lower than the same time last year.

Home sales for November 2014 were down 40% compared with the previous month, and down 5% compared with a year ago. The median sales price of a non-distressed home was $154,500. The median sales price of a foreclosure home was $92,000, or 40% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$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) $91,000 (Median Foreclosure 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) $145,000 (Median 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) $91,000 (Median Foreclosure 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) $145,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Palatine
114
16.2
% (y-o-y)
$233,000
1.3
% (y-o-y)
51.5%
59.8
% (y-o-y)
Schaumburg
76
32.7
% (y-o-y)
$201,000
5.0
% (y-o-y)
24.9%
36.2
% (y-o-y)
Streamwood
60
13.0
% (y-o-y)
$150,000
3.2
% (y-o-y)
35.3%
25.8
% (y-o-y)
Barrington
46
42.5
% (y-o-y)
$475,000
5.6
% (y-o-y)
10.9%
37.5
% (y-o-y)
Carpentersville
39
31.6
% (y-o-y)
$125,000
10.1
% (y-o-y)
35.2%
26.0
% (y-o-y)
Saint Charles
36
47.8
% (y-o-y)
$270,000
6.9
% (y-o-y)
31.6%
35.6
% (y-o-y)
Hanover Park
32
25.6
% (y-o-y)
$150,000
2.7
% (y-o-y)
13.3%
21.2
% (y-o-y)
Algonquin
32
41.8
% (y-o-y)
$211,000
2.9
% (y-o-y)
25.7%
36.1
% (y-o-y)
Bartlett
29
45.3
% (y-o-y)
$230,000
2.6
% (y-o-y)
22.5%
5.9
% (y-o-y)
Lake In The Hills
29
37.0
% (y-o-y)
$182,250
5.2
% (y-o-y)
34.2%
22.1
% (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%