Housing in Elgin, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$308,000
Median List Price
$339,900
Price Per Sq Ft
$200
Days on Market
74
Active Inventory
151
Months of Supply
2.8
Seller's market
Zillow Home Value
$320,290
ZHVI — January 2026
Zillow Rent Index
$1,720
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
44.3%
Sale-to-List Ratio
98.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
54
New Listings
70
Pending Sales
79
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$200
Median List $/SF
$204
Elgin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Elgin is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$252,400
Median Rent
$1,260
Total Housing Units
40,111
Vacancy Rate
3.1%
Owner Occupied
71.5%
Renter Occupied
28.6%
Median Property Tax
$6,115
per year
Monthly Cost (w/ Mortgage)
$1,648
Housing Types
The current median sale price in Elgin, IL is $308,000 according to Redfin data. Homes spend a median of 74 days on the market. 33.3% of homes sold above asking price. The market has 2.8 months of supply. The median price per square foot is $200. Zillow's observed rent index is $1,720/month. About 71.5% of housing units are owner-occupied. The median year homes were built is 1976. There are 40,111 total housing units.