Elgin Real Estate Market Slides to Weakness in New Listings

Sales dropped to two homes sold over the last 30 days in the Elgin market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to one for the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. As new listings trended lower the average selling price followed the pattern, hitting a three-month low at $73,219.

If you have a tight budget for your next home, begin the search with these low-cost listings in Elgin:

$119K   $120K   $125K  

Get started right now by checking out Elgin homes for sale or reviewing Elgin real estate trends.

Demographic facts for Elgin:

  • This area has an affordability rating of 42. (Scale: 1 = Worst, 100 = Best)
  • The area gets 23.6 inches of rain a year. (U.S. average: 36.5)
  • The area's income per capita is $19,315.
  • The school rating is 70. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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