Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.82 months supply of inventory on the market in Elgin on October 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elgin last month was 30 days.
It took on average 26 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from September 1, 2018 through September 30, 2018 was 125 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 $113/Sq.Ft, which is 0% an increase from last month.



In Elgin there were 21 units sold in September in the price range between $85,000 – $161,379 with an average of 2.6 bedrooms and 1.5 bathrooms and average Square footage of 1,265SF.

In Elgin there were 102 units sold in September in the price range between $161,380 – $636,378 with an average of 3.3 bedrooms and 2 bathrooms and average Square footage of 1,947SF.

In Elgin there were 2 units sold in September in the price range between $636,379 – $1,035,000 with an average of 3.5 bedrooms and 4.2 bathrooms and average Square footage of 3,799SF.

The low price range had the most activity. Homes up to $161,379 were on the market on average 19 days and sold an average of $140,642.

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
Aug 1, 2018 – Aug 31, 2018
Sep 1, 2018 – Sep 30, 2018
Month
August
September
Average Listing Price
$487,500
$290,439
Median Sales Price
Any
$237,757
Month supply of inventory
48
4.8
Market Time Detached
0 days
30 days
Market Time Attached
0 days
26 days
Inventory
7 properties
788 properties
Low price range
Any – Any
$85,000 – $161,379
Low price range market time
0 days
19 days
Low price range units sold
0
21
Low price range bedrooms
0
2.6
Low price range bathrooms
0
1.5
Low price range approx sqft
0 SF
1,265 SF
Mid price range
$1 – $-1
$161,380 – $636,378
Mid price range market time
0 days
29 days
Mid price range units sold
0
102
Mid price range bedrooms
0
3.3
Mid price range bathrooms
0
2
Mid price range approx sqft
0 SF
1,947 SF
High price range
Any – Any
$636,379 – $1,035,000
High price range market time
0 days
145 days
High price range units sold
0
2
High price range bedrooms
0
3.5
High price range bathrooms
0
4.2
High price range approxsqft
0 SF
3,799 SF