Home Sales Fall in Elgin Real Estate Market

The Elgin market slowed with a 20.0% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 10.3 monthly average with eight homes sold. Meanwhile, close-by Austin reported 860 homes sales, the highest number from all the surrounding cities. Prices are falling in Elgin, and this period the median price of all sales fell from $186,500 to $185,000. There are only two months of inventory available in Elgin, so it's a definite seller's market, even with the decrease in sales.

Any of these new listings in Elgin could be your dream home, so be sure to check them out:

$179K   $195K   $189K  

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

Demographic facts about Elgin:

  • This area has a median house value of $113,700.
  • Average number of rainy days is 59 per year. (U.S. average: 100)
  • The area's unemployment rate is 7.5%.
  • The student-to-teacher ratio is 15.7:1. (15.3:1 = national average)

Data reported through 10/13/2016

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