Northern Illinois Real Estate Videos & Market Updates

What’s happening in the South Elgin, Illinois real estate market? Here’s the September 2026 snapshot: Median sold price: $422,990 Up 6.82% month over month Median days on market: 16 days Months of inventory: 1.4 months Sold-to-list price: 100.3% Median price per square foot: $217 South Elgin remains a competitive seller’s market. Inventory is still tight, and homes are selling for slightly more than their final asking price overall. Buyers have more inventory than they did a year ago, but desirable homes can still move quickly.

The Elgin, Illinois housing market is still moving quickly. In September 2026, the median sold price was about $359,950, homes sold in a median of just 8 days, and inventory remained tight at only 1.8 months of supply. Homes also sold for roughly 100.2% of list price. Even with prices down from the previous month, Elgin continues to favor sellers while giving buyers more inventory to choose from. Thinking about buying or selling in Elgin? The Kombrink Team can help you understand what these numbers mean for your specific neighborhood and price range.

What’s happening in the Elgin, Illinois real estate market right now? Here’s the August 2026 snapshot: Median sold price: $400,000 Median days on market: 10 days Months of inventory: 1.9 Sold-to-list ratio: 100.3% Inventory: up 16% year over year Active listings: 194 New listings: 181 Median price per square foot: $211 Inventory is improving, which gives Elgin buyers more choices, but 1.9 months of supply is still firmly in seller’s-market territory. Homes are also selling for slightly more than asking price on average. Thinking about buying or selling a home in Elgin? Contact The Kombrink Team at One Source Realty at 630-402-0021.