Real Estate In Elgin is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.42 months supply of inventory on the market in Elgin on August 31, 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 20 days to sell Elgin Condo, Townhouse or a Duplex.The number of home sales in Elgin from July 1, 2018 through July 31, 2018 was 146 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 1% a decline from last month.
In Elgin there were 14 units sold in July in the price range between $50,000 – $139,800 with an average of 2.1 bedrooms and 1.5 bathrooms and average Square footage of 1,111SF. In Elgin there were 130 units sold in July in the price range between $139,801 – $439,799 with an average of 3.2 bedrooms and 2 bathrooms and average Square footage of 1,883SF. In Elgin there were 2 units sold in July in the price range between $439,800 – $650,000 with an average of 4.5 bedrooms and 4 bathrooms and average Square footage of 4,132SF. The low price range had the most activity. Homes up to $139,800 were on the market on average 28 days and sold an average of $111,892.
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!
John Herman PropertyUp Inc. Call847-847-4711 • 18-5 E Dundee Rd, Suite 200 • Barrington, IL 60010