Algonquin, IL Housing Market
The Algonquin housing market is somewhat competitive. Homes in Algonquin receive 4 offers on average and sell in around 56 days. The median sale price of a home in Algonquin was $385K last month, up 12.0% since last year. The median sale price per square foot in Algonquin is $200, up 21.5% since last year.
Algonquin Housing Market Trends
In March 2024, Algonquin home prices were up 12.0% compared to last year, selling for a median price of $385K. On average, homes in Algonquin sell after 56 days on the market compared to 42 days last year. There were 28 homes sold in March this year, up from 26 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Algonquin housing market?
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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 46 days.
- Hot homescan sell for about 2% above list price and go pending in around 35 days.
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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 43 days.
- Hot homescan sell for about 4% above list price and go pending in around 33 days.
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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 52 days.
- Hot homescan sell for about 3% above list price and go pending in around 34 days.
Algonquin Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Algonquin from outside metros.
- New York homebuyers searched to move into Algonquin more than any other metro followed by St. Louis and San Francisco.
- 86% of Algonquin homebuyers searched to stay within the Algonquin metropolitan area.
- Cape Coral was the most popular destination among Algonquin homebuyers followed by Sarasota and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 1,636 | ||
2 | 658 | ||
3 | 587 | ||
4 | 406 | ||
5 | 355 | ||
6 | 290 | ||
7 | 132 | ||
8 | 128 | ||
9 | 38 | ||
10 | 32 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,272 | ||
2 | 1,425 | ||
3 | 1,310 | ||
4 | 1,309 | ||
5 | 1,270 | ||
6 | 1,127 | ||
7 | 901 | ||
8 | 786 | ||
9 | 743 | ||
10 | 734 |
Home offer insights for Algonquin
Recent offers
- Offer Not Accepted|8 Weeks Ago~$325K OfferSold for $325K2 bd | 2 ba | ~1,750 sqftOver List Price0%Days on Market20Competing Offers5Down Payment~20%
- Offer Not Accepted|12 Weeks Ago~$325K OfferSold for $300K3 bd | 2 ba | ~2,000 sqftOver List Price0%Days on Market36Competing Offers4Down Payment<10%
- Offer Not Accepted|12 Weeks Ago~$425K OfferSold for $475K4 bd | 3 ba | ~2,250 sqftOver List Price0%Days on Market62Competing Offers12Down Payment<10%
View houses in Algonquin that sold recently
Recently sold homes
- $340,000 Last Sold Price4 beds2.5 baths2,026 sq ft610 Concord Ct, Algonquin, IL 60102List Price$325,000Sale to List5% over listDays on Market41 days610 Concord Ct, Algonquin, IL 60102
- $530,000 Last Sold Price4 beds3 baths4,832 sq ft1571 Foster Cir, Algonquin, IL 60102List Price$519,000Sale to List2% over listDays on Market52 days1571 Foster Cir, Algonquin, IL 60102
- $390,000 Last Sold Price3 beds2 baths1,568 sq ft1435 Surrey Ln, Algonquin, IL 60102List Price$360,000Sale to List8% over listDays on Market37 days1435 Surrey Ln, Algonquin, IL 60102
- $425,990 Last Sold Price2 beds2 baths1,744 sq ft2875 Harnish Dr, Algonquin, IL 60102List Price$425,990Sale to List0% over listDays on Market111 days2875 Harnish Dr, Algonquin, IL 60102
- $560,000 Last Sold Price5 beds3.5 baths2,650 sq ft4750 Whitehall Ct, Algonquin, IL 60102List Price$500,000Sale to List12% over listDays on Market63 days4750 Whitehall Ct, Algonquin, IL 60102
- $419,000 Last Sold Price4 beds2.5 baths2,847 sq ft1015 Applewood Ln, Algonquin, IL 60102List Price$419,000Sale to List0% over listDays on Market47 days1015 Applewood Ln, Algonquin, IL 60102
- $284,000 Last Sold Price3 beds2.5 baths1,619 sq ft2029 Teton Pkwy, Algonquin, IL 60102List Price$279,900Sale to List1% over listDays on Market38 days2029 Teton Pkwy, Algonquin, IL 60102
- $245,000 Last Sold Price2 beds2.5 baths1,366 sq ft2005 Waverly Ln #0, Algonquin, IL 60102List Price$238,000Sale to List3% over listDays on Market32 days2005 Waverly Ln #0, Algonquin, IL 60102
See all recently sold homes in Algonquin.
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Schools in Algonquin
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Eastview Elementary School Public • PreK-5 | 462 Students | 2 reviews |
8/10 Kenneth E Neubert Elementary School Public • K-5 | 450 Students | 8 reviews |
7/10 Lincoln Prairie Elementary School Public • PreK-5 | 431 Students | 5 reviews |
7/10 Conley Elementary School Public • 3-5 | 675 Students | 3 reviews |
7/10 Westfield Community School Public • PreK-8 | 1373 Students | 19 reviews |
Climate's impact on Algonquin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Algonquin.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Algonquin
Walk Score®
Bike Score®
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