The Northwest Elgin housing market is somewhat competitive. Homes in Northwest Elgin receive 2 offers on average and sell in around 54 days. The median sale price of a home in Northwest Elgin was $290K last month, up 1.8% 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 January 2025, Northwest Elgin home prices were up 1.8% compared to last year, selling for a median price of $290K. On average, homes in Northwest Elgin sell after 54 days on the market compared to 51 days last year. There were 45 homes sold in January this year, down from 51 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$290,000
+1.8% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Northwest Elgin, IL
$290,000
+1.8%
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 67 days.
0
100
46
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 67 days.
Hot homes
can sell for around list price and go pending in around 42 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 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