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!