Elgin Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $194,900
    7% ( $13,456 ) vs Feb 2015
  • Median Sales Price
    $172,000
    1% ( $2,500 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $105,500
    6% ( $5,500 ) vs Feb 2015
  • Foreclosures 581
    Homes for Sale 288
    Recently Sold 820

Market Summary

There are currently 581 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 288.

In March, the number of properties that received a foreclosure filing in Elgin, IL was 53% higher than the previous month and 27% lower than the same time last year.

Home sales for February 2016 were down 5% compared with the previous month, and up 27% compared with a year ago. The median sales price of a non-distressed home was $172,000. The median sales price of a foreclosure home was $105,500, or 39% lower than non-distressed home sales.

Sales Prices - Elgin, IL




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$105,500 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $110,250 (Median Foreclosure Sales Price) $172,000 (Median Sales Price) $169,500 (Median Sales Price) $160,000 (Median Sales Price) $155,000 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $105,500 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $110,250 (Median Foreclosure Sales Price) $172,000 (Median Sales Price) $169,500 (Median Sales Price) $160,000 (Median Sales Price) $155,000 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
94
36.2
% (y-o-y)
$205,000
4.7
% (y-o-y)
35.5%
38.3
% (y-o-y)
Palatine
70
1.4
% (y-o-y)
$237,000
11.8
% (y-o-y)
48.1%
64.6
% (y-o-y)
Streamwood
62
51.2
% (y-o-y)
$161,500
6.3
% (y-o-y)
27.2%
23.7
% (y-o-y)
Bartlett
51
88.9
% (y-o-y)
$224,167
4.3
% (y-o-y)
17.1%
16.3
% (y-o-y)
Saint Charles
48
60.0
% (y-o-y)
$260,000
0.1
% (y-o-y)
13.3%
42.3
% (y-o-y)
Hanover Park
48
50.0
% (y-o-y)
$148,000
10.8
% (y-o-y)
20.3%
26.5
% (y-o-y)
Carpentersville
44
91.3
% (y-o-y)
$143,000
18.7
% (y-o-y)
35.5%
28.6
% (y-o-y)
Barrington
39
2.6
% (y-o-y)
$355,000
15.7
% (y-o-y)
47.6%
4.2
% (y-o-y)
Lake In The Hills
39
56.0
% (y-o-y)
$174,900
10.1
% (y-o-y)
26.2%
33.2
% (y-o-y)
Algonquin
38
15.2
% (y-o-y)
$218,500
24.7
% (y-o-y)
48.9%
58.3
% (y-o-y)

Local Info For Elgin

Population:
106,837
Cost of Living Index: 115.08
Crime Index: 68.34     Rating: B+ View crime details
Schools: 21    Average School Rating: C- View individual school rating
Household Median Income: $57,216
Unemployment: 9.00%
Percentage of vacant homes: 5.62%

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