Real Estate In Elgin is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.42 months supply of inventory on the market in Elgin on August 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elgin last month was 38 days.
It took on average 20 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from July 1, 2018 through July 31, 2018 was 146 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 $108/Sq.Ft, which is 1% a decline from last month.



In Elgin there were 14 units sold in July in the price range between $50,000 – $139,800 with an average of 2.1 bedrooms and 1.5 bathrooms and average Square footage of 1,111SF.

In Elgin there were 130 units sold in July in the price range between $139,801 – $439,799 with an average of 3.2 bedrooms and 2 bathrooms and average Square footage of 1,883SF.

In Elgin there were 2 units sold in July in the price range between $439,800 – $650,000 with an average of 4.5 bedrooms and 4 bathrooms and average Square footage of 4,132SF.

The low price range had the most activity. Homes up to $139,800 were on the market on average 28 days and sold an average of $111,892.

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
Jun 1, 2018 – Jun 30, 2018
Jul 1, 2018 – Jul 31, 2018
Month
June
July
Average Listing Price
$278,854
$282,024
Median Sales Price
$232,752
$229,599
Month supply of inventory
5.3
5.4
Market Time Detached
34 days
38 days
Market Time Attached
36 days
20 days
Inventory
757 properties
780 properties
Low price range
$79,000 – $155,876
$50,000 – $139,800
Low price range market time
34 days
28 days
Low price range units sold
0
14
Low price range bedrooms
2.5
2.1
Low price range bathrooms
1.5
1.5
Low price range approx sqft
1,236 SF
1,111 SF
Mid price range
$155,877 – $378,875
$139,801 – $439,799
Mid price range market time
32 days
34 days
Mid price range units sold
107
130
Mid price range bedrooms
3.1
3.2
Mid price range bathrooms
2.1
2
Mid price range approx sqft
1,950 SF
1,883 SF
High price range
$378,876 – $525,000
$439,800 – $650,000
High price range market time
67 days
42 days
High price range units sold
11
2
High price range bedrooms
4.5
4.5
High price range bathrooms
2.9
4
High price range approxsqft
3,172 SF
4,132 SF