The Near West Elgin housing market is somewhat competitive. The median sale price of a home in Near West Elgin was $275K last month, down 2.3% since last year. The median sale price per square foot in Near West Elgin is $180, down 0.55% since last year.
What is the housing market like in Near West Elgin today?
In January 2025, Near West Elgin home prices were down 2.3% compared to last year, selling for a median price of $275K. On average, homes in Near West Elgin sell after 41 days on the market compared to 48 days last year. There were 3 homes sold in January this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,000
-2.3% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Near West Elgin, IL
$275,000
-2.3%
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.
Flood Factor - Minor
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Near West Elgin has a minor risk of flooding. 88 properties in Near West Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Near West 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
Near West Elgin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Near West Elgin is most at risk from hurricanes. 571 properties in Near West Elgin 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
Near West Elgin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 96% 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