The Near West Elgin housing market is somewhat competitive. The median sale price of a home in Near West Elgin was $249K last month, down 18.0% since last year. The median sale price per square foot in Near West Elgin is $134, up 0.8% since last year.
What is the housing market like in Near West Elgin today?
In March 2024, Near West Elgin home prices were down 18.0% compared to last year, selling for a median price of $249K. On average, homes in Near West Elgin sell after 48 days on the market compared to 46 days last year. There were 2 homes sold in March this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$249,250
-18.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Near West Elgin, IL
$249,250
-18.0%
United States
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How hot is the Near West Elgin housing market?
Near West Elgin is somewhat competitive. Homes sell in 38 days.
0
100
43
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 12 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 38 days.
Hot homes
can sell for around list price and go pending in around 19 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 Near West Elgin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Near West Elgin.
Risk Factor
Flood Factor - Severe
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Near West Elgin has a severe risk of flooding. 108 properties in Near West Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in Near West Elgin. Flood risk is increasing slower than the national average.
Near West Elgin has minimal risk of severe winds over the next 30 years
Wind Factor
Near West Elgin has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
95% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Near West Elgin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 95% of homes in Near West Elgin have a Moderate Heat Factor®.
Near West Elgin is expected to see a 100% increase in the number of days over 102ºF over the next 30 years. Near West Elgin is expected to experience 7