Elk Grove Village Real Estate Market Reaches Price Cuts Bottom

Price reductions have decreased in the Elk Grove Village market, reaching a low that hasn't been seen since July. With the market starting to tighten a three-week negative trend was extended this week by the sale of 48 homes. In comparison, Chicago led all other nearby municipalities with 3,711 price reductions. Furthermore, a three-week downward trend in sales is expected to continue over the coming weeks. The median sales price rose to $219,000 over the latest reporting period for Elk Grove Village, up from $215,000. With just three months of inventory available and sales going up, Elk Grove Village is a seller's market.

If you are curious about inexpensive homes in Elk Grove Village, start off by checking out these great listings:

$106K   $125K   $145K  

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

Demographic facts about Elk Grove Village:

  • The population density is 2,920.5 people per square mile in this area.
  • This area has a lifestyle rating of 56. (Scale: 1 = Worst, 100 = Best)
  • 85.9% of the residents travel to work in an automobile, 5.7% via carpool, and 3.4% by way of public transit.

Data reported through 10/12/2016

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