The Southwest Elgin housing market is very competitive. Homes in Southwest Elgin receive 5 offers on average and sell in around 42 days. The median sale price of a home in Southwest Elgin was $268K last month, up 16.3% since last year. The median sale price per square foot in Southwest Elgin is $188, down 2.6% since last year.
What is the housing market like in Southwest Elgin today?
In April 2024, Southwest Elgin home prices were up 16.3% compared to last year, selling for a median price of $268K. On average, homes in Southwest Elgin sell after 42 days on the market compared to 48 days last year. There were 52 homes sold in April this year, up from 46 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$267,500
+16.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Southwest Elgin, IL
$267,500
+16.3%
United States
To compare other locations to the Southwest Elgin and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elgin add value to a home.
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How hot is the Southwest Elgin housing market?
Southwest Elgin is very competitive. Homes sell in 42 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 42 days.
Hot homes
can sell for about 6% above list price and go pending in around 26 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Elgin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Elgin.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Elgin has a moderate risk of flooding. 96 properties in Southwest Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Southwest Elgin. Flood risk is increasing slower than the national average.
Southwest Elgin has minimal risk of severe winds over the next 30 years
Wind Factor
Southwest Elgin has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
96% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Southwest Elgin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 96% of homes in Southwest Elgin have a Moderate Heat Factor®.
Southwest Elgin is expected to see a 100% increase in the number of days over 101ºF over the next 30 years. Southwest Elgin is expected to experience 7