Elburn IL Market Report for August 2011

This information was pulled from the Multiple Listing Service on Wednesday, August 31st, 2011.

There are currently 133 single family and townhomes listed for sale in Elburn. The median home is priced at $295,000. August closing numbers are up 100% over last year. The median sale price is also up slightly to $234,000. Homes are taking longer to sell as market time rose 63% over last August with the average home being on the market for 174 days.

The '90s brought boomtown to Elburn. The Village added subdivisions on all sides and the industrial park grew beyond all expectations. The Kaneland Track Team sent nine members to state.. With the removal of an old restaurant/gas station - once thought to be one of Al Capone's hideaways - a new AMOCO station was built at the intersection of Routes 38 and 47. In 1998, Elburn joined the big time with it's first McDonald's on the southeast corner of Routes 38 and 47. The Village government moved into a new building on North Street, and a new library, across from the Village Hall, was built in 1999. A new post office opened in 1999. The Village is located at the intersection of Illinois 38 and Illinois 47. Interstate 88 and Illinois 56 are ten miles south of the Village. Freight service is provided by the Union Pacific Railroad. Major air transportation services are provided by O'Hare International Airport, the Greater Rockford Airport, and Midway Airport.