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: