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Real Estate Market Update July 2018 ElginReal Estate In Elgin.
Posted: Jul 19, 2018
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 5.27 months supply of inventory on the market in Elgin on July 31, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Elgin last month was 34 days.
It took on average 36 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from June 1, 2018 through June 30, 2018 was 143 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 $109/Sq.Ft, which is 100% a decline from last month.
In Elgin there were 25 units sold in June in the price range between $79,000 – $155,876 with an average of 2.5 bedrooms and 1.5 bathrooms and average Square footage of 1,236SF.
In Elgin there were 107 units sold in June in the price range between $155,877 – $378,875 with an average of 3.1 bedrooms and 2.1 bathrooms and average Square footage of 1,950SF.
In Elgin there were 11 units sold in June in the price range between $378,876 – $525,000 with an average of 4.5 bedrooms and 2.9 bathrooms and average Square footage of 3,172SF.
The low price range had the most activity. Homes up to $155,876 were on the market on average 34 days and sold an average of $130,929.
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!
Amazing 2 story home with 4 bedrooms, 3 full and 1 half bathroom, with a full bathroom in the master bedroom. Attached 3 car garage with a full finished basement and fireplace in the family room. Large backyard with patio that is great for entertaining! Close to the I-90 expressway, train, many parks, and near many schools including Prairie View Grade School and Prairie Knolls Middle School. This is a great home! Come see and make it yours today! ***Agents, please see agent remarks on offer submission***
Helping you make the right choices when it comes to all things property. Huge price reduction!!!lovely english cottage style ranch on beautifully wooded lot great location. Gated entry leads to charming walkway & welcoming porch.