Elgin Market Trends for February 2020

By
Real Estate Sales Representative with RE/MAX Suburban

Elgin home sales for the month of February rose in volume by 4.2% when compared to last year, while the median sale price decreased by 11.9% from $210,000 to $185,000. The number of Single Family homes sales decreased by 13%, while the median sale price decreased by 21.3% from $239,000 to $188,000. Condo/townhome sales rose by 58.8%, while the median sale price rose by 15.8% from $155,000 to $179,500.

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Median Sale Prices for Elgin

202k
202k
179k
210k
198k
229k
227k
225k
219k
216k
217k
206k
229k
205k
197k
185k
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Number of Sales for Elgin

117
104
61
71
108
124
187
159
174
172
110
126
104
96
95
74
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Real Estate Sales for February in Elgin

  February Year to Date (Jan 1 - March 3)
  2019 2020 Change 2019 2020 Change
Homes Sold 71 74 +4.2% 141 171 +21.3%
(Single Family) 54 47 -13% 103 114 +10.7%
(Condos/Townhomes) 17 27 +58.8% 38 57 +50%
Median Sale Price $210,000 $185,000 -11.9% $199,900 $189,900 -5%
(Single Family) $239,000 $188,000 -21.3% $219,900 $202,250 -8%
(Condos/Townhomes) $155,000 $179,500 +15.8% $156,000 $165,000 +5.8%
Days on Market 31 46 +48.4% 34 42 +23.5%
(Single Family) 35 46 +33.3% 34 42 +22.1%
(Condos/Townhomes) 16 46 +187.5% 34 46 +35.3%

HomesByMarco has sold 39 homes in Elgin

Thinking of selling your home in Elgin? We are experts in the area. We'll sell your home quickly and for the highest price. Call Us Today!  888-32-MARCO

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Marco Amidei in an IL licensed real estate broker with RE/MAX Suburban. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than MRED Smart-Frame IDX Demo are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2020 Midwest Real Estate Data LLC. All rights reserved.

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