Is Elgin, IL 60124 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Elgin is a seller’s market. With about 2.1 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.1Under 4 months = seller’s market

Sold above original list33.1%Share of sales, last 3 months

Median sale-to-list99.9%Sold price ÷ list price

Median days on market60Listing to accepted offer

Median price per sq ft$211▲ +6.6% vs. last year

Run the numbers for 60124

Prefilled for 60124Can I win this house?Multiple-offer likelihood for a listing Prefilled for 60124Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Aurora 60505Seller’s market $211 /sq ft Aurora 60506Seller’s market $211 /sq ft Batavia 60510Seller’s market $237 /sq ft Big Rock 60511Seller’s market $172 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology