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 5.22 months supply of inventory on the market in Elgin on September 30, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elgin last month was 28 days.
It took on average 37 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from August 1, 2018 through August 31, 2018 was 161 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 0% an increase from last month.



In Elgin there were 25 units sold in August in the price range between $81,500 – $148,136 with an average of 2.2 bedrooms and 1.6 bathrooms and average Square footage of 1,233SF.

In Elgin there were 127 units sold in August in the price range between $148,137 – $354,885 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 1,811SF.

In Elgin there were 9 units sold in August in the price range between $354,886 – $495,000 with an average of 3.6 bedrooms and 2.9 bathrooms and average Square footage of 3,377SF.

The low price range had the most activity. Homes up to $148,136 were on the market on average 30 days and sold an average of $124,461.

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
Jul 1, 2018 – Jul 31, 2018
Aug 1, 2018 – Aug 31, 2018
Month
July
August
Average Listing Price
$189,900
$286,997
Median Sales Price
Any
$214,771
Month supply of inventory
12
5.2
Market Time Detached
0 days
28 days
Market Time Attached
0 days
37 days
Inventory
1 properties
782 properties
Low price range
Any – Any
$81,500 – $148,136
Low price range market time
0 days
30 days
Low price range units sold
0
25
Low price range bedrooms
0
2.2
Low price range bathrooms
0
1.6
Low price range approx sqft
0 SF
1,233 SF
Mid price range
$1 – $-1
$148,137 – $354,885
Mid price range market time
0 days
31 days
Mid price range units sold
0
127
Mid price range bedrooms
0
3.1
Mid price range bathrooms
0
2
Mid price range approx sqft
0 SF
1,811 SF
High price range
Any – Any
$354,886 – $495,000
High price range market time
0 days
39 days
High price range units sold
0
9
High price range bedrooms
0
3.6
High price range bathrooms
0
2.9
High price range approxsqft
0 SF
3,377 SF