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Russinwood

ELGIN, IL 60124

Real Estate Market Report  ·  Kane County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELGIN, IL real estate market (60124) currently shows 109 active listings, with 69 pending sales. Homes are averaging 23 days on the market before going under contract.

Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 23 days on market compared to 31 days last year.

The median listing price has fallen 2.8% year-over-year, from $564,990 to $549,450.

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 Context

Market Context

Population: 24,172  ·  Density: 244.6/mi²  ·  Median household income: $137,335

Typical home value: $367,747  ·  Homeownership: 96.9%

Market Overview

Active Listings
109
⇩ 13.5% vs 126 last year
Pending
69
63% pending ratio
Median Price
$549,450
⇩ 2.8% vs $564,990 last year
Average Price
$557,541
⇧ 0.5% vs $554,721 last year
Days on Market
23
⇩ 25.8% vs 31 days last year

Price Per Square Foot

Median $/sqft
$213
vs $213/sqft last year
Median Home Size
2,565 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 109 this year vs 126 last year
  • Days on market: 23 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $549,450 (-2.8% YoY)
  • Average: $557,541 (+0.5% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.2 miles — 862 listings ($434,491,527 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60124Elgin, IL 601240.0 mi90$48,720,240$549,000$541,336
60177South Elgin, IL 601775.1 mi58$26,474,564$398,495$456,458
60136Gilberts, IL 601365.5 mi16$6,495,040$349,900$405,940
60118Dundee, IL 601187.3 mi45$28,773,855$478,750$639,419
60174Saint Charles, IL 601748.5 mi69$55,142,523$624,500$799,167
60110Carpentersville, IL 601108.7 mi44$12,983,432$276,250$295,078
60103Bartlett, IL 6010310.4 mi82$37,906,058$414,993$462,269
60142Huntley, IL 6014210.6 mi141$73,796,298$498,525$523,378
60107Streamwood, IL 6010711.2 mi94$32,542,330$322,500$346,195
60156Lake In The Hills, IL 6015611.7 mi45$18,884,835$422,475$419,663
60192Hoffman Estates, IL 6019212.2 mi22$13,706,858$520,725$623,039
60510Batavia, IL 6051013.4 mi67$35,583,298$492,523$531,094
60178Sycamore, IL 6017814.2 mi89$43,482,196$443,975$488,564

Frequently Asked Questions

How many homes are for sale in ELGIN, IL 60124?

As of March 2026, there are 109 active listings in ELGIN, IL (zip code 60124), compared to 126 the prior year.

What is the median home price in ELGIN, IL 60124?

The median listing price in ELGIN, IL 60124 is $549,450 as of March 2026, a 2.8% decrease from $564,990 the prior year.

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

Homes in ELGIN, IL 60124 spend an average of 23 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in ELGIN, IL 60124?

Based on current inventory and days-on-market data as of March 2026, ELGIN, IL 60124 is currently a Seller's Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 23 days on market compared to 31 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 60124 save an estimated $10,989 compared to a typical 5% commission on the median listing price of $549,450. 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.