New Weakening in Home Sales for Elgin Real Estate Market

Over the last 30 days, 11 homes were sold in the Elgin market, down 15.4%. Additionally, the market is still in a persistent downward trend overall. As sales trended lower, the median sales price went down as well, trending downwards for four weeks to $151,000. Despite the falling sales numbers and prices, there are only two months of inventory remaining, indicating that Elgin is still a definite seller's market.

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

$109K   $165K   $167K  

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

Demographic facts for Elgin:

  • The population density is 1,403.8 people per square mile.
  • This area has a cost of living index score of 89.0. (100 = national average)
  • The average work commute is 28 minutes.

Data reported through 1/12/2017

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