Elgin Market Report · IL Home Values
Elgin, IL holds about 40,523 homes, 72% of them owner-occupied, with a median year built of 1977. Kane County along the Fox River is the northwest edge of my service area, and the market where a buyer’s dollar goes furthest. Far-west Elgin around Bowes Creek is newer construction on golf-course and prairie parcels, while the older river neighborhoods hold Victorian and craftsman stock at prices that would be impossible in DuPage. The trade is distance: this is a car-first market with a longer run into the city.
The Elgin median sold price stands at $368,000 as of May 2026, +4.5% year over year. The twelve-month peak was $368,000 in May 2026. 1,177 homes closed over the period, averaging 101.3% of list price most recently, with 48 days on market.
Read the trend, not the single month. Elgin pricing follows preparation and seasonality more than it follows rate news, and the spread between prepared and unprepared homes is wider than the median suggests. For a street-level read of what your home would actually command this month, ask me for the full analysis.
Twelve months of Elgin closings
| Month | Median sold | Closed | New listings | Avg DOM | List-to-sale |
|---|---|---|---|---|---|
| June 2025 | $352,000 | 109 | 137 | 42 | 101.2% |
| July 2025 | $321,500 | 128 | 142 | 49 | 99.6% |
| August 2025 | $331,000 | 112 | 120 | 48 | 100.5% |
| September 2025 | $339,500 | 100 | 105 | 51 | 99.2% |
| October 2025 | $326,250 | 106 | 132 | 56 | 99.7% |
| November 2025 | $334,000 | 94 | 67 | 55 | 99.5% |
| December 2025 | $342,500 | 114 | 41 | 60 | 99% |
| January 2026 | $308,000 | 55 | 66 | 70 | 98.2% |
| February 2026 | $315,750 | 62 | 98 | 57 | 98.4% |
| March 2026 | $330,000 | 80 | 139 | 58 | 99.9% |
| April 2026 | $365,000 | 107 | 138 | 42 | 100.7% |
| May 2026 | $368,000 | 110 | 139 | 48 | 101.3% |
The properties shown here are transactions I personally represented, compiled from my public agent record. This site is not an MLS IDX feed and does not show the full active market; ask me and I will pull everything that fits.
Source: Redfin (through May 2026) · U.S. Census ACS (2024)
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