All Home Types
Elgin, IL Housing Market
What is the housing market like in Elgin today?
In October 2024, Elgin home prices were up 15.3% compared to last year, selling for a median price of $335K. On average, homes in Elgin sell after 49 days on the market compared to 46 days last year. There were 103 homes sold in October this year, down from 106 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$335,000
+15.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Elgin, IL
$335,000
+15.3%
United States
Work with the best agents in Elgin
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
Elgin Migration & Relocation Trends
In Sep '24 - Nov '24, 14% of Elgin homebuyers searched to move out of Elgin, while 86% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Elgin from outside metros.
- New York homebuyers searched to move into Elgin more than any other metro followed by Peoria and St. Louis.
Where are people moving to Elgin from?
- 86% of Elgin homebuyers searched to stay within the Elgin metropolitan area.
- Cape Coral was the most popular destination among Elgin homebuyers followed by Milwaukee and South Bend.
Where are people from Elgin moving to?
Number of People Moving to Elgin
least
most
People are moving to Elgin from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,027 | ||
| 2 | 1,058 | ||
| 3 | 865 | ||
| 4 | 636 | ||
| 5 | 626 | ||
| 6 | 501 | ||
| 7 | 397 | ||
| 8 | 334 | ||
| 9 | 196 | ||
| 10 | 192 | ||
People are leaving Elgin for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 1,343 | ||
| 2 | 1,227 | ||
| 3 | 1,217 | ||
| 4 | 973 | ||
| 5 | 834 | ||
| 6 | 664 | ||
| 7 | 608 | ||
| 8 | 603 | ||
| 9 | 599 | ||
| 10 | 593 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Elgin.
Provided by First Street Foundation
Transportation in Elgin
Learn about the walkability, bikeability, and transit-friendliness of Elgin
Car-Dependent
Walk Score®
Some Transit
Transit Score®
Bikeable
Bike Score®
About us
Find us
Subsidiaries
United States
CanadaCopyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.