The Northeast Elgin housing market is very competitive. The median sale price of a home in Northeast Elgin was $276K last month, up 6.6% since last year. The median sale price per square foot in Northeast Elgin is $87, down 52.1% since last year.
What is the housing market like in Northeast Elgin today?
In October 2024, Northeast Elgin home prices were up 6.6% compared to last year, selling for a median price of $276K. On average, homes in Northeast Elgin sell after 47 days on the market compared to 45 days last year. There were 22 homes sold in October this year, up from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$276,000
+6.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Northeast Elgin, IL
$276,000
+6.6%
United States
To compare other locations to the Northeast 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 Northeast Elgin housing market?
Northeast Elgin is very competitive. Homes sell in 49 days.
0
100
72
Very 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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 49 days.
Hot homes
can sell for about 5% above list price and go pending in around 33 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 Northeast Elgin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northeast Elgin.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northeast Elgin has a minor risk of flooding. 204 properties in Northeast Elgin are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Northeast 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
Northeast Elgin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Northeast Elgin is most at risk from hurricanes. 2,181 properties in Northeast Elgin have some risk of being in a severe wind event within the next 30 years.
72% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Northeast Elgin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 72% of homes in Northeast Elgin have a Moderate Heat Factor®.
Northeast Elgin is expected to see a 100% increase in the number of days over 101ºF over the next 30 years. Northeast Elgin is expected to experience 7