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
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

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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