The Northwest Elgin housing market is somewhat competitive. The median sale price of a home in Northwest Elgin was $300K last month, up 11.1% since last year. The median sale price per square foot in Northwest Elgin is $190, up 20.3% since last year.
What is the housing market like in Northwest Elgin today?
In March 2024, Northwest Elgin home prices were up 11.1% compared to last year, selling for a median price of $300K. On average, homes in Northwest Elgin sell after 49 days on the market compared to 53 days last year. There were 47 homes sold in March this year, down from 58 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$300,000
+11.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Northwest Elgin, IL
$300,000
+11.1%
United States
To compare other locations to the Northwest 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.
How hot is the Northwest Elgin housing market?
Northwest Elgin is somewhat competitive. Homes sell in 46 days.
0
100
64
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% above list price and go pending in around 46 days.
Hot homes
can sell for about 6% above list price and go pending in around 36 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Sleepy Hollow Elementary School
Public • K-5
319
Students
8 reviews
7/10
Dundee Highlands Elementary School
Public • K-5
349
Students
7 reviews
4/10
Channing Memorial Elementary School
Public • K-6
437
Students
3 reviews
4/10
McKinley Elementary School
Public • PreK-6
387
Students
3 reviews
4/10
Century Oaks Elementary School
Public • PreK-6
522
Students
3 reviews
Only showing 5 of
10 elementary schools.
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 Northwest Elgin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northwest Elgin.
Risk Factor
Flood Factor - Major
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northwest Elgin has a major risk of flooding. 674 properties in Northwest Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Northwest Elgin. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Northwest Elgin has a moderate risk of wildfire. There are 199 properties in Northwest Elgin that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Northwest Elgin.
Northwest Elgin has minimal risk of severe winds over the next 30 years
Wind Factor
Northwest 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.
62% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Northwest Elgin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 62% of homes in Northwest Elgin have a Moderate Heat Factor®.
Northwest Elgin is expected to see a 100% increase in the number of days over 101ºF over the next 30 years. Northwest Elgin is expected to experience 7