The Southwest Elgin housing market is very competitive. The median sale price of a home in Southwest Elgin was $240K last month, up 9.1% since last year. The median sale price per square foot in Southwest Elgin is $202, down 9.01% since last year.
What is the housing market like in Southwest Elgin today?
In February 2025, Southwest Elgin home prices were up 9.1% compared to last year, selling for a median price of $240K. On average, homes in Southwest Elgin sell after 70 days on the market compared to 37 days last year. There were 3 homes sold in February this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$240,000
+9.1% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Southwest Elgin, IL
$240,000
+9.1%
United States
To compare other locations to the Southwest 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Southwest Elgin
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Southwest Elgin housing market?
Southwest Elgin is very competitive. Homes sell in 42 days.
0
100
73
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 42 days.
Hot homes
can sell for about 3% above list price and go pending in around 33 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 Southwest Elgin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Elgin.
Flood Factor - Minor
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Elgin has a minor risk of flooding. 93 properties in Southwest Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Southwest Elgin. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Southwest Elgin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southwest Elgin is most at risk from hurricanes. 1,100 properties in Southwest Elgin have some risk of being in a severe wind event within the next 30 years.
95% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Southwest Elgin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 95% of homes in Southwest Elgin have a Moderate Heat Factor®.
Southwest Elgin is expected to see a 100% increase in the number of days over 101ºF over the next 30 years. Southwest Elgin is expected to experience 7