The Southeast Elgin housing market is somewhat competitive. Homes in Southeast Elgin receive 2 offers on average and sell in around 59.5 days. The median sale price of a home in Southeast Elgin was $288K last month, up 12.5% since last year. The median sale price per square foot in Southeast Elgin is $169, down 10.1% since last year.
What is the housing market like in Southeast Elgin today?
In February 2025, Southeast Elgin home prices were up 12.5% compared to last year, selling for a median price of $288K. On average, homes in Southeast Elgin sell after 60 days on the market compared to 51 days last year. There were 52 homes sold in February this year, up from 49 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$288,000
+12.5% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Southeast Elgin, IL
$288,000
+12.5%
United States
To compare other locations to the Southeast Elgin and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elgin add value to a home.
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How hot is the Southeast Elgin housing market?
Southeast Elgin is somewhat competitive. Homes sell in 59.5 days.
0
100
55
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 about 1% below list price and go pending in around 60 days.
Hot homes
can sell for about 2% above list price and go pending in around 40 days.
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 Southeast Elgin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southeast Elgin.
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southeast Elgin has a moderate risk of flooding. 255 properties in Southeast Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Southeast Elgin. Flood risk is increasing slower than the national average.
56% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southeast Elgin has a moderate risk of wildfire. There are 814 properties in Southeast Elgin that have some risk of being affected by wildfire over the next 30 years. This represents 56% of all properties in Southeast Elgin.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Southeast Elgin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southeast Elgin is most at risk from hurricanes. 1,431 properties in Southeast Elgin have some risk of being in a severe wind event within the next 30 years.
74% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Southeast Elgin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 74% of homes in Southeast Elgin have a Moderate Heat Factor®.
Southeast Elgin is expected to see a 114% increase in the number of days over 101ºF over the next 30 years. Southeast Elgin is expected to experience 8