Elgin, AZ Home Values & Market Trends

Real estate market trends reflect that there have been 12 transactions over the past year in Elgin. The median value for residential home transactions that occurred over the previous year is $445,144. The number of current listings in Elgin is 2, and the percentage of properties for sale in the city is 2.00%. Elgin, AZ currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 2 properties for sale.

Elgin, AZ Real Estate Market Overview

ZipMedian Est. Value
85611

$ 237,907

$ 192/sqft

Housing Market Summary for Elgin, AZ

Jul 2023June 2024Change
Median Listing Price$690K$185K-73.19%
Median Sold Price$415.5K$358.9K-13.63%
Homes For Sale11-
Homes Sold138-38.46%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Elgin, AZ

Elgin home values range from $49,757 to $2,561,700. The median estimated value of a home in Elgin is $445,144. The median list price of a home is 340,000, and the total count of properties in the city is 323.

Foreclosure
There is 1 zips within Elgin, AZ; within this zips, the median estimated home value for homes in foreclosure ranges from $0 in $[foreclosures-lowest-avm-region] to the lowest value of $0 in $[foreclosures-lowest-avm-region]. Foreclosure homes account for NaN% of properties in Elgin, AZ with $[foreclosures-highest-count-region] containing 0 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Elgin, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Elgin, AZ; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Elgin, AZ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Elgin, AZ. There is 1 zips within Elgin, AZ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Elgin, AZ. Auction homes and other auction properties account for 0% of all properties in Elgin, AZ. There is 1 zips within Elgin, AZ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.62% of residential properties in Elgin, AZ with 85611 containing 2 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Elgin, AZ; homes for sale in that zips, have a range of median values from $387,342 in 85611 to the lowest value of $88,472 in 85611.
    Sold Homes
    The median value for recently sold homes ranges from $1,133,712 in 85611 to the lowest price of $66,508 in 85611. There is 1 zips within Elgin, AZ. 85611 has 8 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.48% of properties in Elgin, AZ.

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      Guide for Elgin, AZ

      Arizona
      Tempe Real Estate Rises to $597K Average Amid Sales Dip, Outpacing Nearby Phoenix
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      Tempe Real Estate Values Soar to $597k – May 2024
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      Scottsdale Real Estate Soars with Average Values Hitting $1.3M in April 2024
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      Phoenix Property Market Cools: Average Sale Price Per Square Foot Falls to $286 in April 2024
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      Tempe Real Estate Rises to $597K Average Amid Sales Dip, Outpacing Nearby Phoenix
      Arizona|posted 25 June 2024

      The Tempe, AZ real estate market showed strong growth from June 2023-May 2024, with average property values reaching $597,000.

      Tempe Real Estate Values Soar to $597k – May 2024
      Market Reports|posted 4 June 2024

      Real estate in Tempe, AZ sees significant growth in property values but dip in sales price. Despite general rise in values, complex market conditions require careful analysis for potential investors and homebuyers.

      Scottsdale Real Estate Soars with Average Values Hitting $1.3M in April 2024
      Market Reports|posted 17 May 2024

      Scottsdale, Arizona’s robust real estate market demonstrates an impressive growth in property values and average sale prices.

      Phoenix Property Market Cools: Average Sale Price Per Square Foot Falls to $286 in April 2024
      Market Reports|posted 17 May 2024

      This article provides a detailed overview of the Phoenix real estate market, including trends in prices and sales, comparisons with neighboring cities, and insights for buyers, sellers, and investors.

      Recently Listed Homes Elgin, AZ

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