Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.41 months supply of inventory on the market in Elgin on December 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elgin last month was 37 days.
It took on average 35 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from November 1, 2018 through November 30, 2018 was 110 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 $102/Sq.Ft, which is 1% a decline from last month.



In Elgin there were 13 units sold in November in the price range between $22,440 – $118,037 with an average of 2.3 bedrooms and 1.6 bathrooms and average Square footage of 1,209SF.

In Elgin there were 92 units sold in November in the price range between $118,038 – $399,316 with an average of 3.1 bedrooms and 1.9 bathrooms and average Square footage of 1,812SF.

In Elgin there were 5 units sold in November in the price range between $399,317 – $585,000 with an average of 4.6 bedrooms and 2.9 bathrooms and average Square footage of 3,237SF.

The low price range had the most activity. Homes up to $118,037 were on the market on average 27 days and sold an average of $84,072.

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
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$290,439
$290,346
Median Sales Price
$216,461
$213,633
Month supply of inventory
5.3
4.4
Market Time Detached
31 days
37 days
Market Time Attached
34 days
35 days
Inventory
775 properties
658 properties
Low price range
$78,000 – $147,231
$22,440 – $118,037
Low price range market time
33 days
27 days
Low price range units sold
0
13
Low price range bedrooms
2.4
2.3
Low price range bathrooms
1.5
1.6
Low price range approx sqft
1,171 SF
1,209 SF
Mid price range
$147,232 – $330,730
$118,038 – $399,316
Mid price range market time
29 days
37 days
Mid price range units sold
78
92
Mid price range bedrooms
3
3.1
Mid price range bathrooms
1.9
1.9
Mid price range approx sqft
1,695 SF
1,812 SF
High price range
$330,731 – $445,000
$399,317 – $585,000
High price range market time
47 days
61 days
High price range units sold
12
5
High price range bedrooms
3.8
4.6
High price range bathrooms
2.4
2.9
High price range approxsqft
2,789 SF
3,237 SF