The Elk Grove Village housing market is very competitive. Homes in Elk Grove Village receive 4 offers on average and sell in around 47 days. The median sale price of a home in Elk Grove Village was $385K last month, up 10.0% since last year. The median sale price per square foot in Elk Grove Village is $244, down 9.63% since last year.
What is the housing market like in Elk Grove Village today?
In July 2025, Elk Grove Village home prices were up 10.0% compared to last year, selling for a median price of $385K. On average, homes in Elk Grove Village sell after 47 days on the market compared to 46 days last year. There were 37 homes sold in July this year, up from 31 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$385,000
+10.0% YoY | Jul 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
Elk Grove Village, IL
$385,000
+10.0%
United States
To compare other locations to the Elk Grove Village and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elk Grove Village add value to a home.
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How hot is the Elk Grove Village housing market?
Elk Grove Village is very competitive. Homes sell in 43 days.
0
100
75
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 43 days.
Hot homes
can sell for about 3% above list price and go pending in around 30 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
Elk Grove Village, IL
101.1%
+0.002 pt
United States
Elk Grove Village Migration & Relocation Trends
In Jun '25 - Aug '25, 19% of Elk Grove Village homebuyers searched to move out of Elk Grove Village, while 81% 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 St. Louis.
Where are people from Elk Grove Village moving to?
81% of Elk Grove Village homebuyers searched to stay within the Elk Grove Village metropolitan area.
Phoenix was the most popular destination among Elk Grove Village homebuyers followed by Milwaukee and Cape Coral.
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 Elk Grove Village
Explore recent offers and recently sold homes in Elk Grove Village
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$300K Offer
Sold for $300K
2bd | 2ba | ~1,250sqft
Over List Price
3%
Days on Market
18
Competing Offers
4
Down Payment
~20%
Lindsay Schulz
Elk Grove Village Redfin Agent
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