The Northwest Elgin housing market is somewhat competitive. Homes in Northwest Elgin receive 2 offers on average and sell in around 70 days. The median sale price of a home in Northwest Elgin was $269K last month, down 8.8% since last year. The median sale price per square foot in Northwest Elgin is $183, up 15.1% since last year.
What is the housing market like in Northwest Elgin today?
In February 2025, Northwest Elgin home prices were down 8.8% compared to last year, selling for a median price of $269K. On average, homes in Northwest Elgin sell after 70 days on the market compared to 56 days last year. There were 47 homes sold in February this year, down from 53 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$269,000
-8.8% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Northwest Elgin, IL
$269,000
-8.8%
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.
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How hot is the Northwest Elgin housing market?
Northwest Elgin is somewhat competitive. Homes sell in 74 days.
0
100
44
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 3% below list price and go pending in around 74 days.
Hot homes
can sell for around list price and go pending in around 43 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
97.3%
-1.6 pt YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Northwest Elgin, IL
97.3%
-1.6 pt
United States
Home offer insights for Northwest Elgin
Explore recent offers and recently sold homes in Northwest Elgin
Recent offers
Offer Not Accepted|
10 Weeks Ago
~$450K Offer
Sold for $450K
4bd | 2.5ba | ~2,750sqft
Under List Price
3%
Days on Market
114
Competing Offers
2
Down Payment
~20%
Kevin Herbon
Northwest Elgin Redfin Agent
We were the second place offer according to the listing agent
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.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northwest Elgin has a minor risk of flooding. 601 properties in Northwest Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Northwest Elgin. Flood risk is increasing slower than the national average.
5% of properties are at risk of wildfire over the next 30 years
Fire Factor
Northwest Elgin has a moderate risk of wildfire. There are 366 properties in Northwest Elgin that have some risk of being affected by wildfire over the next 30 years. This represents 5% of all properties in Northwest Elgin.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Northwest Elgin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Northwest Elgin is most at risk from hurricanes. 7,213 properties in Northwest Elgin have some risk of being in a severe wind event within the next 30 years.
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