The Elgin housing market is somewhat competitive. Homes in Elgin receive 4 offers on average and sell in around 42 days. The median sale price of a home in Elgin was $352K last month, up 11.7% since last year. The median sale price per square foot in Elgin is $202, up 5.5% since last year.
In June 2025, Elgin home prices were up 11.7% compared to last year, selling for a median price of $352K. On average, homes in Elgin sell after 42 days on the market compared to 48 days last year. There were 109 homes sold in June this year, down from 127 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$352,000
+11.7% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Elgin, IL
$352,000
+11.7%
United States
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How hot is the Elgin housing market?
Elgin is somewhat competitive. Homes sell in 48.5 days.
0
100
63
Somewhat 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
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 49 days.
Hot homes
can sell for about 3% above list price and go pending in around 33 days.
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.
Home offer insights for Elgin
Explore recent offers and recently sold homes in Elgin
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 Elgin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Elgin.
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Elgin has a major risk of flooding. 2,854 properties in Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Elgin. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Elgin has a moderate risk of wildfire. There are 3,603 properties in Elgin that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in Elgin.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Elgin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Elgin is most at risk from hurricanes. 34,855 properties in Elgin have some risk of being in a severe wind event within the next 30 years.