Real Estate Market Update for 60123 (Elgin, IL)
Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 27% from one year earlier, and down 16% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 25%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 110-thousand dollars. The number of units sold decreased 20% year-over-year, and decreased 33% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 60123 (Elgin, IL)
Area Information for 60123 (Elgin, IL)
  • Population: 48,673
  • Median Age: 33.18 yr
  • Median Commute Time: 18.84 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 3,535/sq mi
  • Population Change Since 2000: 6.27%
  • Closest Airport: Chicago O'hare International
  • Closest College: Judson University
  • Closest Jr. College: Elgin Community College
  • Median Household Income: $56,784
  • Annual Residential Turnover: 15.48%
  • Median Years in Residence: 3.3 yr
  • Median Home Sales Price: $97,750
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60123 (Elgin, IL)
Median Age: 33.18 Married: 27% Number of Households: 16,348 Households with Children: 5,961
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60123 (Elgin, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Highland Elementary School 0.2 mi Public K-6 1 5
      Kimball Middle School 0.2 mi Public 7-8 1 2
      St Thomas More Elementary School 0.3 mi Catholic PRESCHOOL-8 0 0
      Larkin Center College 0.4 mi Private - 0 0
      Larkin Center Thatcher Building 0.4 mi Private - 0 0
      Larkin High School 0.4 mi Public 9-12 1 3
      Special Creations 0.5 mi Private PRESCHOOL-K 0 0
      Fox Valley Lutheran Academy 0.6 mi Private 9-11 0 0
      Illinois Park Elem School 0.6 mi Public PRESCHOOL-K 0 0
      Abbott Middle School 0.7 mi Public 7-8 2-5 3
      Washington Elementary School 0.8 mi Public K-6 1 4
      Highland Christian Academy 0.8 mi Private PRESCHOOL-8 0 5
      Creekside Elementary School 0.9 mi Public K-6 2-5 5
      Harriet Gifford Elementary School 0.9 mi Public K-6 2 4
      Hillcrest Elementary School 1.0 mi Public K-6 1 3
      Larkin Center Transitional 1.0 mi Private - 0 0
      Larkin Center Highland 1.0 mi Private - 0 0
      Larkin Womens Transitional 1.2 mi Private - 0 0
      St Laurence Elementary School 1.2 mi Catholic PRESCHOOL-8 0 4
      St Edward Central Catholic High School 1.3 mi Catholic 9-12 0 4
      The Learning Tree Inc 1.4 mi Private K-K 0 0
      Century Oaks Elementary School 1.6 mi Public K-6 1 3
      Larkin Center School 1.7 mi Private 4-12 0 0
      Lowrie Elementary School 1.7 mi Public K-6 1 3
      Harvest Christian Academy 1.7 mi Private PRESCHOOL-12 0 5
      Harvest Christian Academy Of Rolling Meadows 1.7 mi Private PRESCHOOL-12 0 0
      The Einstein Academy 2.0 mi Private PRESCHOOL-12 0 4
      Summit School 2.2 mi Private 1-12 0 5
      Hamilton Academy 2.4 mi Private 5-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 60123 (Elgin, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.