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Russinwood

ELGIN, IL 60124

Real Estate Market Report  ·  Kane County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
83
⇩ 19.4% vs 103 last year
Pending
41
49% pending ratio
Median Price
$549,950
⇧ 2.8% vs $534,923 last year
Average Price
$551,567
⇧ 6.5% vs $518,095 last year
Days on Market
68
⇧ 6.3% vs 64 days last year

Market Context

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

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

Market Analysis

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

The ELGIN, IL real estate market (60124) currently shows 83 active listings, with 41 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 68 days on market compared to 64 days last year.

The median listing price has risen 2.8% year-over-year, from $534,923 to $549,950.

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: 83 this year vs 103 last year
  • Days on market: 68 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $549,950 (+2.8% YoY)
  • Average: $551,567 (+6.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.2 miles — 801 listings ($414,601,368 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60124Elgin, IL 601240.0 mi83$45,780,061$549,950$551,567
60177South Elgin, IL 601775.1 mi68$30,336,364$405,490$446,123
60136Gilberts, IL 601365.5 mi14$5,960,402$359,900$425,743
60118Dundee, IL 601187.3 mi43$26,012,506$409,499$604,942
60174Saint Charles, IL 601748.5 mi65$60,380,840$600,000$928,936
60110Carpentersville, IL 601108.7 mi47$14,933,310$267,500$317,730
60103Bartlett, IL 6010310.4 mi67$31,401,694$418,995$468,682
60142Huntley, IL 6014210.6 mi136$72,038,384$504,150$529,694
60107Streamwood, IL 6010711.2 mi78$25,885,392$319,900$331,864
60156Lake In The Hills, IL 6015611.7 mi41$17,815,115$422,500$434,515
60192Hoffman Estates, IL 6019212.2 mi23$13,073,292$477,500$568,404
60510Batavia, IL 6051013.4 mi64$35,219,520$505,058$550,305
60178Sycamore, IL 6017814.2 mi72$35,764,488$474,950$496,729

Frequently Asked Questions

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

As of January 2026, there are 83 active listings in ELGIN, IL (zip code 60124), compared to 103 the prior year.

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

The median listing price in ELGIN, IL 60124 is $549,950 as of January 2026, a 2.8% increase from $534,923 the prior year.

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

Homes in ELGIN, IL 60124 spend an average of 68 days on the market before going under contract, compared to 64 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 January 2026, ELGIN, IL 60124 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 68 days on market compared to 64 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 $10,999 compared to a typical 5% commission on the median listing price of $549,950. 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.