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ELGIN, IL 60120

Real Estate Market Report  ·  Cook County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
51
⇩ 12.1% vs 58 last year
Pending
27
53% pending ratio
Median Price
$289,950
⇩ 2.8% vs $298,225 last year
Average Price
$304,604
⇩ 5.6% vs $322,735 last year
Days on Market
37
⇩ 26% vs 50 days last year

Market Context

Population: 50,589  ·  Density: 1,120.9/mi²  ·  Median household income: $78,360

Typical home value: $213,174  ·  Homeownership: 65.4%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The ELGIN, IL real estate market (60120) currently shows 51 active listings, with 27 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 37 days on market compared to 50 days last year.

The median listing price has fallen 2.8% year-over-year, from $298,225 to $289,950.

Whether you are buying or selling in ELGIN, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 51 this year vs 58 last year
  • Days on market: 37 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $289,950 (-2.8% YoY)
  • Average: $304,604 (-5.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.9 miles — 613 listings ($434,146,748 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60120Elgin, IL 601200.0 mi51$15,534,804$289,950$304,604
60123Elgin, IL 601233.8 mi57$16,397,418$281,000$287,674
60192Hoffman Estates, IL 601924.5 mi23$13,073,292$477,500$568,404
60184Wayne, IL 601845.7 mi5$9,048,625$1,797,000$1,809,725
60118Dundee, IL 601186.3 mi43$26,012,506$409,499$604,942
60194Schaumburg, IL 601946.5 mi25$9,576,000$296,000$383,040
60193Schaumburg, IL 601937.4 mi94$39,483,008$300,000$420,032
60195Schaumburg, IL 601958.1 mi3$658,500$219,500$219,500
60172Roselle, IL 601728.5 mi26$11,593,244$400,000$445,894
60010Barrington, IL 600109.0 mi135$190,215,135$1,095,000$1,409,001
60173Schaumburg, IL 601739.6 mi11$3,513,246$230,000$319,386
60102Algonquin, IL 601029.8 mi95$44,565,545$436,165$469,111
60175Saint Charles, IL 601759.9 mi45$54,475,425$750,000$1,210,565

Frequently Asked Questions

How many homes are for sale in ELGIN, IL 60120?

As of January 2026, there are 51 active listings in ELGIN, IL (zip code 60120), compared to 58 the prior year.

What is the median home price in ELGIN, IL 60120?

The median listing price in ELGIN, IL 60120 is $289,950 as of January 2026, a 2.8% decrease from $298,225 the prior year.

How long do homes stay on the market in ELGIN, IL?

Homes in ELGIN, IL 60120 spend an average of 37 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in ELGIN, IL 60120?

Based on current inventory and days-on-market data as of January 2026, ELGIN, IL 60120 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 37 days on market compared to 50 days last year.

How much can I save on real estate commission in ELGIN, IL?

With SELL123.com's maximum 3% commission, sellers in ELGIN, IL 60120 save an estimated $5,799 compared to a typical 5% commission on the median listing price of $289,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.