Elgin, IL Real Estate Market Summary – September 7, 2026
In Elgin, IL, the real estate market has seen a total of 114 homes sold over the last month, averaging 3.8 homes sold each day. The average days on market for these homes was approximately 15 days, indicating a relatively brisk pace for home transactions in the area.
| Metric | 30 Days |
|---|---|
| Number Sold | 114 |
| Sold Per Day | 3.80 |
| Average SQFT | 2199 |
| Median Sales Price | $387,250 |
| Average Sales Price | $424,237 |
| Average Price Per SQFT | $201 |
| Average Days on Market | 15 |
| Average Year Built | 1989 |
Elgin, IL Single Family Home Analysis
The single-family home segment accounted for 79 sales, with an average sale price of $482,041 and a median sale price of $440,000. These homes had an average living area of 2,360 square feet and remained on the market for about 16 days before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 79 |
| Sold Per Day | 2.63 |
| Average SQFT | 2360 |
| Median Sales Price | $440,000 |
| Average Sales Price | $482,041 |
| Average Price Per SQFT | $205 |
| Average Days on Market | 16 |
| Average Year Built | 1987 |
Elgin, IL Condo & Townhome Analysis
In the condo and townhome sector, 30 units were sold with an average sale price of $272,730 and a median sale price of $285,000. The average living area for these units was 1,740 square feet, with an average market duration of about 13 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 30 |
| Sold Per Day | 1.00 |
| Average SQFT | 1740 |
| Median Sales Price | $285,000 |
| Average Sales Price | $272,730 |
| Average Price Per SQFT | $191 |
| Average Days on Market | 14 |
| Average Year Built | 1998 |
Buyer & Seller Analysis
- 3.80 homes sold per day
- Average days on market: 15
- Median sale price for single-family homes: $440,000
- Data does not disclose sale prices immediately after transactions.
Conclusion
Overall, the Elgin real estate market displays steady activity, with single-family homes commanding higher average prices compared to condo and townhome properties. The relatively short days on market indicate active engagement among sellers and buyers.