Elgin Real Estate Market Update October 2018

Real Estate In Elgin is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.54 months supply of inventory on the market in Elgin on October 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elgin last month was 30 days. It took on average 24 days to sell Elgin Condo, Townhouse or a Duplex. The number of home sales in Elgin from September 1, 2018 through September 30, 2018 was 117 units. That is 1% above the number of homes sold last month in Elgin.

The average price per square foot in the area is now $115/Sq.Ft, which is 0% an increase from last month.

In Elgin there were 19 units sold in September in the price range between $85,000 – $162,283 with an average of 2.6 bedrooms and 1.5 bathrooms and average Square footage of 1,248SF.

In Elgin there were 96 units sold in September in the price range between $162,284 – $637,282 with an average of 3.3 bedrooms and 2 bathrooms and average Square footage of 1,957SF.

In Elgin there were 2 units sold in September in the price range between $637,283 – $1,035,000 with an average of 3.5 bedrooms and 4.2 bathrooms and average Square footage of 3,799SF.

The low price range had the most activity. Homes up to $162,283 were on the market on average 15 days and sold an average of $140,921.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Elgin. Search all Elgin homes for Sale on propertyup.com If you are considering viewing Elgin, you may want to do so now!