Elk Grove Village, IL Home Values & Market Trends
Real estate market trends reflect that there have been 491 transactions over the past year in Elk Grove Village. The median value for residential home transactions that occurred over the previous year is $418,397. The number of current listings in Elk Grove Village is 323, and the percentage of properties for sale in the city is 323.00%. Elk Grove Village, IL currently has 33 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 323 properties for sale.
Elk Grove Village, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60007 | $ 418,397 $ 272/sqft |
Housing Market Summary for Elk Grove Village, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $396.9K | $399.9K | 0.74% |
| Median Sold Price | $420.3K | $363K | -13.62% |
| Homes For Sale | 219 | 318 | 45.21% |
| Homes Sold | 289 | 277 | -4.15% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Elk Grove Village, IL
Browse Homes in Elk Grove Village, IL
Elk Grove Village home values range from $147,969 to $1,384,045. The median estimated value of a home in Elk Grove Village is $418,397. The median list price of a home is 399,900, and the total count of properties in the city is 666.
- Pre-ForeclosurePre-foreclosure homes account for 4.20% of all residential properties in Elk Grove Village, IL with 60007 containing 28 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Elk Grove Village, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $565,647 in 60007 to the lowest home value of $206,428 in 60007.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Elk Grove Village, IL ranges from the highest value of $259,775 in 60007 to the lowest value of $259,775 in 60007. Bank owned homes and properties account for 0.15% of properties in Elk Grove Village, IL. There is 1 zips within Elk Grove Village, IL; 60007 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60007 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Elk Grove Village, IL. Auction homes and other auction properties account for 0.60% of all properties in Elk Grove Village, IL. There is 1 zips within Elk Grove Village, IL; of that zips, the median estimated home value for homes going to auction ranges from $467,306 in 60007 to the lowest value of $187,751 in 60007.
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Guide for Elk Grove Village, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
