Found 9 blog entries tagged as Elgin.

The real estate market in Elgin, Illinois, has been bustling with activity this fall, and it’s the perfect time to take advantage of these dynamic conditions. Whether you're a buyer on the hunt for your dream home or a seller looking to cash in on a high-demand market, September 2024 is proving to be an exciting month. Let’s dive into the key metrics and trends driving Elgin’s market right now!

Inventory Levels in Elgin: Act Fast Before Homes Disappear

One of the most critical factors shaping the real estate landscape in Elgin is the current inventory level. As of September 2024, there’s a 1.57-month supply of homes on the market. But what does this mean for buyers and sellers alike?

Months Supply of Housing Inventory in Elgin IL for September 2024

In real estate, a balanced market typically has a…

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Thinking about buying or selling a home in Elgin?
Curious about the latest real estate trends?
Wondering if now’s the right time to make your move?

Hi, I’m Kris with The Kombrink Team at One Source Realty, your local REALTOR® team here in Elgin, Illinois.
Today, I’m breaking down the latest market update for August 2024, so you know exactly what’s happening in our area.

Let’s get into the numbers.

Elgin Market Breakdown: What You Need to Know

1.44 Months Supply of Inventory

Right now, Elgin has a 1.44 Months Supply of Inventory.
What does that mean?
If no new homes hit the market, we’d sell everything currently listed in just over a month and a half.

Months Supply of Inventory in Elgin IL for August 2024

This is a pretty tight market.
It’s competitive out there, and both buyers and…

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Hey there, Elgin!

It's The Kombrink Team, your go-to REALTOR® team for all things real estate in our wonderful city.

Today, we've got some exciting market updates for you all, so let's dive right in.

Current Market Overview

As of July 2024, we currently have a 1.32 Months Supply of Inventory in Elgin.

That means we're seeing a slight decrease of 10.8% in inventory over the last 12 months, making it a competitive market for both buyers and sellers.

Months supply of housing inventory Elgin IL July 2024

Selling in Elgin

But here's the good news - the List to Sold Price percentage is at a solid 101.3%, showing that homes in Elgin are selling for above asking price.

And with a median days on market of just 11 days, homes are flying off the market faster than ever.

…

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Hey everyone, Nick Kein with The Kombrink Team at One Source Realty here, your local REALTOR® in Elgin, Illinois. Today, I want to give you a quick market update for June 2024. Whether you're a buyer or seller, this information is crucial for you to stay informed and ahead of the game.

Months Supply of Inventory

Currently, we're looking at 1.14 months of inventory available in the market. What does this mean for you? Well, with less inventory available, buyers may face more competition, while sellers might have the upper hand in negotiations. This low supply creates a dynamic market where quick decisions and strategic planning are essential.

Elgin IL Real Estate Market Update June 2024 Months Supply of Housing Inventory

List to Sold Price Percentage

Next up, the List to Sold Price percentage is at 102.1%. This…

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Hey there, Elgin! It's your friendly neighborhood Realtors, The Kombrink Team at One Source Realty, here with an exciting market update for May 2024. Whether you're a potential buyer or seller, understanding the current real estate trends in Elgin is crucial to making informed decisions. Let’s dive right in, shall we?

Low Inventory Sparks Competitive Market

Currently, Elgin boasts a low 1.19 Months Supply of Inventory. But what does this mean for you? Essentially, a lower inventory indicates a seller's market, where there are more buyers than available homes. If you're looking to buy, this competitive atmosphere means you need to act fast to secure your dream home. Don’t fret; we're here to help you navigate through this brisk market…

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Hello, Elgin! It's The Kombrink Team at One Source Realty, bringing you the latest insights from the Elgin real estate market for April 2024. Whether you're considering buying, selling, or just keeping an eye on the market, these updates are crucial for making informed decisions. Let’s break down what’s happening right now in Elgin.


Current Market Conditions

As of April 2024, Elgin’s real estate market is showing dynamic activity with a 1.07 Months Supply of Inventory. This represents a significant decrease of 15.08% compared to the previous year. What does this mean for you? Well, the market is moving swiftly, and inventory is being absorbed faster than before, indicating strong demand and a competitive market environment.

Elgin IL Months supply of housing inventory April 2024

Pricing…

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Are you on a quest to find the perfect home in Elgin, IL? Your search ends here! At The Kombrink Team, we're not just realtors; we're your dedicated partners in navigating the real estate market. With over 30 years of experience under our belt, we are proud to offer you exceptional real estate services that are a cut above the rest.


Family-Owned, Client-Approved

As a family-owned and operated business, The Kombrink Team values relationships. Our clients are like family, and we believe in treating each one with the respect and dedication they deserve. It's not just about transactions for us; it's about building lasting relationships and ensuring that you feel supported throughout your home buying…

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3697 Thornhill Dr, Elgin, IL

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 2.5 BATHROOMS 0.25 acres Lot

Nestled in the prestigious Bowes Creek Country Club community in Elgin, IL, this 4 bedroom/2.5 bathroom home is a blend of luxury and comfort, offering a lifestyle few can match. Surrounded by the allure of an 18-hole championship golf course and the top-rated Burlington Schools, this property is also conveniently close to a forest preserve, major interstate, and the country club itself. Positioned on a beautifully landscaped lot with low voltage lighting, this home features a 3-car…

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3114 Taunton St, Elgin, IL

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$ CLICK FOR CURRENT PRICE 3 BEDROOMS 3.5 BATHROOMS

Discover the epitome of luxury living in Elgin, Illinois, within the coveted Providence subdivision. This magnificent three-story end unit condo boasts three bedrooms and three-and-a-half bathrooms, providing a harmonious blend of space and sophistication. The exterior showcases a timeless combination of brick and cedar, complemented by a 2-car attached garage. Step inside to a warm and inviting living room featuring a gas log fireplace, seamlessly connected to the adjacent dining room, creating the perfect setting for…

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