Elgin, IL 60120 Real Estate & Property Data

Elgin, IL 60120 Real Estate Market Trends
Last Updated: April 19, 2024

A total of 535 residential properties have been sold over the past 12 months in 60120. With a median sales price of $269,750 in 60120 and a total of 7 foreclosures in Elgin, IL 60120. Discover market trends and get the granular level real estate data for Elgin, IL 60120 to keep your pulse on the housing market. Curate compelling home reports for Elgin, IL 60120 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Elgin, IL 60120 Real Estate Market Trends
Total Residential Properties 12,919
Total Commercial Properties 755
Avg. Home Age (Single Family Home) 63 Years
Avg. Square Feet (Single Family Home) 1,604
Total 2024 Residential Sales (year-to-date) 68
% of Homes Seriously Underwater (Q2 2024) 0.81%
Total 2023 Residential Sales 504
% of Equity Rich Homes (Q2 2024) 44.39%
Effective 2023 Property Tax 1.99%
Total Foreclosure Filings (year-to-date) 12
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Elgin, IL 60120 Real Estate Overview

There were 535 residential properties sold in the past year in Elgin, IL 60120. The median home value in Elgin, IL 60120 is $248,725. There are a total of 12,919 residential properties in the 60120.

Median Sales Price i
$269,750
(Feb 2024)
+23.2%
year-over-year
y-o-y
  • February '24 Feb '24 $269,750
  • January '24 Jan '24 $245,000
  • December '23 Dec '23 $269,500
  • November '23 Nov '23 $285,500
  • October '23 Oct '23 $282,500
  • September '23 Sep '23 $292,000
  • August '23 Aug '23 $300,000
  • July '23 Jul '23 $265,500
  • June '23 Jun '23 $267,000
  • May '23 May '23 $250,000
  • April '23 Apr '23 $267,000
  • March '23 Mar '23 $277,500
Median Down Payment i
$26,240
(Feb 2024)
+131%
year-over-year
y-o-y
  • February '24 Feb '24 $26,240
  • January '24 Jan '24 $39,000
  • December '23 Dec '23 $13,900
  • November '23 Nov '23 $16,575
  • October '23 Oct '23 $20,000
  • September '23 Sep '23 $20,750
  • August '23 Aug '23 $29,950
  • July '23 Jul '23 $25,425
  • June '23 Jun '23 $33,200
  • May '23 May '23 $12,750
  • April '23 Apr '23 $20,750
  • March '23 Mar '23 $16,725
Number of Homes Sold i
32
(Feb 2024)
+10.3%
year-over-year
y-o-y
  • February '24 Feb '24 32
  • January '24 Jan '24 36
  • December '23 Dec '23 39
  • November '23 Nov '23 48
  • October '23 Oct '23 49
  • September '23 Sep '23 35
  • August '23 Aug '23 45
  • July '23 Jul '23 39
  • June '23 Jun '23 54
  • May '23 May '23 50
  • April '23 Apr '23 34
  • March '23 Mar '23 45
Number of Purchase Loans i
24
(Feb 2024)
-14.3%
year-over-year
y-o-y
  • February '24 Feb '24 24
  • January '24 Jan '24 33
  • December '23 Dec '23 40
  • November '23 Nov '23 39
  • October '23 Oct '23 42
  • September '23 Sep '23 28
  • August '23 Aug '23 40
  • July '23 Jul '23 33
  • June '23 Jun '23 48
  • May '23 May '23 43
  • April '23 Apr '23 31
  • March '23 Mar '23 39
Number of REFI Loans i
21
(Feb 2024)
+75%
year-over-year
y-o-y
  • February '24 Feb '24 21
  • January '24 Jan '24 9
  • December '23 Dec '23 15
  • November '23 Nov '23 20
  • October '23 Oct '23 22
  • September '23 Sep '23 20
  • August '23 Aug '23 26
  • July '23 Jul '23 19
  • June '23 Jun '23 25
  • May '23 May '23 11
  • April '23 Apr '23 8
  • March '23 Mar '23 15
Number of HELOC Loans i
10
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 10
  • January '24 Jan '24 8
  • December '23 Dec '23 5
  • November '23 Nov '23 3
  • October '23 Oct '23 4
  • September '23 Sep '23 12
  • August '23 Aug '23 13
  • July '23 Jul '23 9
  • June '23 Jun '23 8
  • May '23 May '23 9
  • April '23 Apr '23 10
  • March '23 Mar '23 4

Elgin, IL 60120 Foreclosure Activity

There were a total of 7 Elgin, IL 60120 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 5 Elgin, IL 60120 properties and repossessed 1 Elgin, IL 60120 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
7
(Feb 2024)
-36.4%
year-over-year
y-o-y
  • February '24 Feb '24 7
  • January '24 Jan '24 5
  • December '23 Dec '23 8
  • November '23 Nov '23 8
  • October '23 Oct '23 6
  • September '23 Sep '23 9
  • August '23 Aug '23 11
  • July '23 Jul '23 2
  • June '23 Jun '23 14
  • May '23 May '23 8
  • April '23 Apr '23 8
  • March '23 Mar '23 8
Foreclosure Starts i
5
(Feb 2024)
-28.6%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 4
  • December '23 Dec '23 4
  • November '23 Nov '23 5
  • October '23 Oct '23 4
  • September '23 Sep '23 7
  • August '23 Aug '23 10
  • July '23 Jul '23 1
  • June '23 Jun '23 8
  • May '23 May '23 7
  • April '23 Apr '23 6
  • March '23 Mar '23 4
Completed Foreclosures (REOs) i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 2
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 2
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
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