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Elgin, IL Real Estate & Property Data

Elgin Real Estate Market Trends

Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Elgin, IL. ATTOM’s Elgin real estate data is updated daily, and current market trends show that in Elgin, IL a total of 1,532 residential properties have sold over the past year. With a median home price of $349,500 in Elgin and a total of 15 foreclosures. Get detailed property data for Elgin, IL instantly. ATTOM is your one-stop-shop for the Elgin property reports and real estate data you need in Elgin, IL.

Elgin Real Estate Market Trends

Get property data for any address in Elgin, IL or the country:

Total Residential Properties 35,567

Total Commercial Properties 1,841

Avg. Home Age (Single Family Home) 52 Years

Avg. Square Feet (Single Family Home) 1,836

Total 2025 Residential Sales (year-to-date) 198

% of Homes Seriously Underwater (Q2 2025) 0.82%

Total 2024 Residential Sales 1,427

% of Equity Rich Homes (Q2 2025) 44.51%

Effective 2024 Property Tax 2.03%

Total Foreclosure Filings (year-to-date) 34

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Elgin, IL Real Estate Overview

There were 1,532 residential properties sold in the past year in Elgin, IL. The median home value in Elgin, IL is $304,411. There are a total of 35,567 residential properties in the Elgin.

Median Sales Price i

$349,500

(Feb 2025)

+12.7%

year-over-year

y-o-y

February '25 Feb '25 $349,500
January '25 Jan '25 $311,000
December '24 Dec '24 $345,000
November '24 Nov '24 $330,000
October '24 Oct '24 $317,000
September '24 Sep '24 $323,750
August '24 Aug '24 $325,000
July '24 Jul '24 $330,000
June '24 Jun '24 $359,000
May '24 May '24 $325,500
April '24 Apr '24 $303,000
March '24 Mar '24 $306,500

Median Down Payment i

$32,090

(Feb 2025)

+14.7%

year-over-year

y-o-y

February '25 Feb '25 $32,090
January '25 Jan '25 $29,191
December '24 Dec '24 $47,500
November '24 Nov '24 $30,500
October '24 Oct '24 $41,750
September '24 Sep '24 $37,250
August '24 Aug '24 $34,000
July '24 Jul '24 $28,287
June '24 Jun '24 $50,000
May '24 May '24 $31,900
April '24 Apr '24 $24,875
March '24 Mar '24 $19,500

Number of Homes Sold i

96

(Feb 2025)

+33.3%

year-over-year

y-o-y

February '25 Feb '25 96
January '25 Jan '25 102
December '24 Dec '24 115
November '24 Nov '24 106
October '24 Oct '24 134
September '24 Sep '24 124
August '24 Aug '24 156
July '24 Jul '24 154
June '24 Jun '24 133
May '24 May '24 122
April '24 Apr '24 129
March '24 Mar '24 89

Number of Purchase Loans i

77

(Feb 2025)

+48.1%

year-over-year

y-o-y

February '25 Feb '25 77
January '25 Jan '25 73
December '24 Dec '24 105
November '24 Nov '24 98
October '24 Oct '24 111
September '24 Sep '24 104
August '24 Aug '24 133
July '24 Jul '24 135
June '24 Jun '24 107
May '24 May '24 98
April '24 Apr '24 102
March '24 Mar '24 67

Number of REFI Loans i

57

(Feb 2025)

-18.6%

year-over-year

y-o-y

February '25 Feb '25 57
January '25 Jan '25 61
December '24 Dec '24 67
November '24 Nov '24 71
October '24 Oct '24 104
September '24 Sep '24 76
August '24 Aug '24 52
July '24 Jul '24 67
June '24 Jun '24 50
May '24 May '24 73
April '24 Apr '24 69
March '24 Mar '24 48

Number of HELOC Loans i

40

(Feb 2025)

+21.2%

year-over-year

y-o-y

February '25 Feb '25 40
January '25 Jan '25 28
December '24 Dec '24 46
November '24 Nov '24 34
October '24 Oct '24 55
September '24 Sep '24 39
August '24 Aug '24 50
July '24 Jul '24 50
June '24 Jun '24 41
May '24 May '24 59
April '24 Apr '24 39
March '24 Mar '24 32

Elgin, IL Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value
Zip

Median Est. Value

60120

$304,411 $165.76/sqft
60123

$304,411 $165.76/sqft
60124

$439,325 $178/sqft

Elgin, IL Foreclosure Activity

There were a total of 15 Elgin, IL properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i

15

(Feb 2025)

+36.4%

year-over-year

y-o-y

February '25 Feb '25 15
January '25 Jan '25 19
December '24 Dec '24 16
November '24 Nov '24 11
October '24 Oct '24 21
September '24 Sep '24 15
August '24 Aug '24 14
July '24 Jul '24 15
June '24 Jun '24 12
May '24 May '24 11
April '24 Apr '24 21
March '24 Mar '24 13

Foreclosure Starts i

13

(Feb 2025)

+44.4%

year-over-year

y-o-y

February '25 Feb '25 13
January '25 Jan '25 14
December '24 Dec '24 10
November '24 Nov '24 9
October '24 Oct '24 19
September '24 Sep '24 12
August '24 Aug '24 9
July '24 Jul '24 14
June '24 Jun '24 9
May '24 May '24 6
April '24 Apr '24 18
March '24 Mar '24 10

Completed Foreclosures (REOs) i

February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 2
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 1
June '24 Jun '24 N/A
May '24 May '24 1
April '24 Apr '24 N/A
March '24 Mar '24 N/A

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