Page 1

Elgin Real Estate Market Update June 2018

Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.85 months supply of inventory on the market in Elgin on June 30, 2018.


Now is the Time to Sell! The average market time for a Single Family Homes to sell in Elgin last month was 38 days. It took on average 31 days to sell Elgin Condo, Townhouse or a Duplex. The number of home sales in Elgin from May 1, 2018 through May 31, 2018 was 144 units. That is 1% above the number of homes sold last month in Elgin. The average price per square foot in the area is now $108/Sq.Ft, which is 11% an increase from last month.

In Elgin there were 14 units sold in May in the price range between $45,500 – $140,807 with an average of 2.2 bedrooms and 1.5 bathrooms and average Square footage of 1,096SF. In Elgin there were 124 units sold in May in the price range between $140,808 – $405,556 with an average of 3 bedrooms and 2 bathrooms and average Square footage of 1,928SF. In Elgin there were 6 units sold in May in the price range between $405,557 – $575,000 with an average of 4 bedrooms and 3 bathrooms and average Square footage of 3,569SF. The low price range had the most activity. Homes up to $140,807 were on the market on average 36 days and sold an average of $112,446.


If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Elgin. Search all Elgin homes for Sale on propertyup.com If you are considering viewing Elgin, you may want to do so now!


Elgin real estate market update june 2018  

Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.85 months supply of...

Elgin real estate market update june 2018  

Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.85 months supply of...

Advertisement