Real Estate Market Update July 2018 ElginReal Estate In Elgin.

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***