The Elk Grove Village housing market is very competitive. Homes in Elk Grove Village receive 3 offers on average and sell in around 42 days. The median sale price of a home in Elk Grove Village was $390K last month, up 8.5% since last year. The median sale price per square foot in Elk Grove Village is $244, down 1.6% since last year.
What is the housing market like in Elk Grove Village today?
In June 2025, Elk Grove Village home prices were up 8.5% compared to last year, selling for a median price of $390K. On average, homes in Elk Grove Village sell after 42 days on the market compared to 35 days last year. There were 26 homes sold in June this year, down from 42 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$390,000
+8.5% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Elk Grove Village, IL
$390,000
+8.5%
United States
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How hot is the Elk Grove Village housing market?
Elk Grove Village is very competitive. Homes sell in 40 days.
0
100
79
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 1% above list price and go pending in around 40 days.
Hot homes
can sell for about 4% above list price and go pending in around 28 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Elk Grove Village, IL
100.9%
-1.9 pt
United States
Elk Grove Village Migration & Relocation Trends
In Feb '25 - Apr '25, 16% of Elk Grove Village homebuyers searched to move out of Elk Grove Village, while 84% looked to stay within the metropolitan area.
Where are people moving to Elk Grove Village from?
Across the nation, 3% of homebuyers searched to move into Elk Grove Village from outside metros.
Peoria homebuyers searched to move into Elk Grove Village more than any other metro followed by Rockford and New York.
Where are people from Elk Grove Village moving to?
84% of Elk Grove Village homebuyers searched to stay within the Elk Grove Village metropolitan area.
Cape Coral was the most popular destination among Elk Grove Village homebuyers followed by Phoenix and Sarasota.
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.
View houses in Elk Grove Village that sold recently
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 Elk Grove Village housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Elk Grove Village.
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Elk Grove Village has a moderate risk of flooding. 643 properties in Elk Grove Village are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Elk Grove Village. Flood risk is increasing slower than the national average.
8% of properties are at risk of wildfire over the next 30 years
Fire Factor
Elk Grove Village has a moderate risk of wildfire. There are 935 properties in Elk Grove Village that have some risk of being affected by wildfire over the next 30 years. This represents 8% of all properties in Elk Grove Village.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Elk Grove Village has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Elk Grove Village is most at risk from hurricanes. 10,499 properties in Elk Grove Village have some risk of being in a severe wind event within the next 30 years.
96% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Elk Grove Village has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 96% of homes in Elk Grove Village have a Moderate Heat Factor®.
Elk Grove Village is expected to see a 114% increase in the number of days over 101ºF over the next 30 years. Elk Grove Village is expected to experience 8