Market report, updated November 2026
Elgin, IL Housing Market Report
Elgin, IL housing market data by price, speed and supply, with the source and date on every number.
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01 / At a glance
Elgin, IL housing market at a glance
Elgin, IL housing market data shows a seller's market in November 2026: houses had 1.2 months of inventory, and the median home went pending in 11 days. The median sale price was $331,417, and the most active price range for houses was $500K to $550K.
- $331,417
- Median sale price
- Zillow, data through August 2026
- 11 days
- Median days to pending
- Zillow, data through August 2026
- 1.2 months
- Of house inventory
- Seller's market. Homes by Marco, November 2026
- $300K to $325K
- Fastest-selling range
- Houses. Homes by Marco, November 2026
02 / By ZIP
Elgin home prices by ZIP code
Elgin home prices change more by ZIP code than by month. The east side (60120) holds the oldest homes and most of the condos, the west side (60123) holds mid-century ranch and split-level homes, and the far west side (60124) holds the newest subdivisions and the highest prices.
60120
Area: East side, downtown, historic districts
Price signal: Most of the entry-level condos and older homes
60123
Area: West side, Fox River to Randall Road
Price signal: Mid-priced ranch, split-level and two-story homes
60124
Area: Far west side, west of Randall Road
Price signal: Median closed price $560,000 over 6 months (Resideline, September 2026)
| ZIP code | Area | Price signal |
|---|---|---|
| 60120 | East side, downtown, historic districts | Most of the entry-level condos and older homes |
| 60123 | West side, Fox River to Randall Road | Mid-priced ranch, split-level and two-story homes |
| 60124 | Far west side, west of Randall Road | Median closed price $560,000 over 6 months (Resideline, September 2026) |
03 / What it means
What the Elgin market means for buyers and sellers
Sellers in Elgin can price to recent sales and expect fast offers in most price ranges, but an overpriced home still sits. Buyers in Elgin need a mortgage pre-approval before touring and should expect competition on well-priced homes near $300K. Realtor in Elgin reads the numbers for your ZIP code and price range, not the city average.
04 / Questions
Questions about the Elgin housing market
Yes. Elgin had 1.2 months of house inventory in November 2026, according to Homes by Marco. Under about 4 to 6 months of supply is usually read as a seller's market.
The median Elgin home went pending in 11 days, according to Zillow data through August 2026.
ZIP code 60124, on the far west side, had a median closed price of $560,000 over 6 months (Resideline, September 2026). It includes Edgewater, Bowes Creek and Highland Woods.
Realtor in Elgin updates the figures on this page every month, with the source and date next to each number.
05 / Related
Use the numbers
Free home value
Your address, priced from nearby sales.
Homes for sale
Every part of Elgin by ZIP code.
Condos for sale
Downtown and west side condos.
Talk about the Elgin market
Realtor in Elgin explains what this month's numbers mean for your home or your search.
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Tell us if you are buying, selling or both, and Realtor in Elgin replies with the numbers for your part of Elgin.