Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 3.72 months supply of inventory on the market in Elgin on March 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elgin last month was 54 days.
It took on average 44 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from February 1, 2018 through February 28, 2018 was 67 units. That is 1% above the number of homes sold last month in Elgin.

The average price per square foot in the area is now $93/Sq.Ft, which is 5% a decline from last month.



In Elgin there were 7 units sold in February in the price range between $29,000 – $111,819 with an average of 3 bedrooms and 1.9 bathrooms and average Square footage of 1,617SF.

In Elgin there were 54 units sold in February in the price range between $111,820 – $322,318 with an average of 3.1 bedrooms and 1.8 bathrooms and average Square footage of 1,654SF.

In Elgin there were 6 units sold in February in the price range between $322,319 – $450,000 with an average of 3.3 bedrooms and 2.5 bathrooms and average Square footage of 2,437SF.

The low price range had the most activity. Homes up to $111,819 were on the market on average 40 days and sold an average of $85,371.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Elgin. Search all Elgin homes for Sale on propertyup.com If you are considering viewing Elgin, you may want to do so now!

Elgin
Jan 1, 2018 – Jan 31, 2018
Feb 1, 2018 – Feb 28, 2018
Month
January
February
Average Listing Price
$238,569
$238,944
Median Sales Price
$202,013
$194,637
Month supply of inventory
3.6
3.7
Market Time Detached
51 days
54 days
Market Time Attached
43 days
44 days
Inventory
577 properties
579 properties
Low price range
$58,000 – $186,332
$29,000 – $111,819
Low price range market time
42 days
40 days
Low price range units sold
35
7
Low price range bedrooms
2.5
3
Low price range bathrooms
1.5
1.9
Low price range approx sqft
1,276 SF
1,617 SF
Mid price range
$186,333 – $314,664
$111,820 – $322,318
Mid price range market time
49 days
49 days
Mid price range units sold
23
54
Mid price range bedrooms
3.5
3.1
Mid price range bathrooms
2.1
1.8
Mid price range approx sqft
2,021 SF
1,654 SF
High price range
$314,665 – $385,000
$322,319 – $450,000
High price range market time
75 days
94 days
High price range units sold
10
6
High price range bedrooms
4.2
3.3
High price range bathrooms
2.5
2.5
High price range approxsqft
3,255 SF
2,437 SF