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 5.33 months supply of inventory on the market in Elgin on November 30, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Elgin last month was 31 days.
It took on average 34 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from October 1, 2018 through October 31, 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 $103/Sq.Ft, which is 22% a decline from last month.
In Elgin there were 20 units sold in October in the price range between $78,000 – $147,231 with an average of 2.4 bedrooms and 1.5 bathrooms and average Square footage of 1,171SF.
In Elgin there were 78 units sold in October in the price range between $147,232 – $330,730 with an average of 3 bedrooms and 1.9 bathrooms and average Square footage of 1,695SF.
In Elgin there were 12 units sold in October in the price range between $330,731 – $445,000 with an average of 3.8 bedrooms and 2.4 bathrooms and average Square footage of 2,789SF.
The low price range had the most activity. Homes up to $147,231 were on the market on average 33 days and sold an average of $122,837.
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!