Real Estate Market Update for Algonquin, IL

Video: Real Estate Community Tour for Algonquin, IL

See Real estate community tour for Algonquin, IL
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 31% from one year earlier, and down 13% 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 under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 84%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 220-thousand dollars. The number of units sold increased 17% year-over-year, and decreased 32% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 Algonquin, IL
Area Information for Algonquin, IL
  • Population: 29,721
  • Median Age: 39.73 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,427/sq mi
  • Population Change Since 2000: 25.9%
  • Closest Airport: Chicago O'hare International
  • Closest College: Keller Graduate School-devry University
  • Closest Jr. College: Mchenry County College
  • Median Household Income: $98,520
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $210,000
  • Closest Major Sports Team: Kane County Cougars (a)
  • Change Avg. Household Income Since 2000: 23.74%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Algonquin, IL
Median Age: 39.73 Married: 50% Number of Households: 10,100 Households with Children: 4,152
    • 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 Algonquin, IL

      School Name Distance Type Grades School Rating Parent Rating
      Lake In The Hills Elementary School 0.6 mi Public PRESCHOOL-5 4 0
      Kenneth E Neubert Elementary School 0.6 mi Public K-5 4 0
      Kindercare Learning Center 0.9 mi Private PRESCHOOL-K 0 0
      Foundations Montessori School 1.2 mi Private PRESCHOOL-5 0 0
      St Johns Lutheran School 1.2 mi Private PRESCHOOL-8 0 0
      Harry D Jacobs High School 1.3 mi Public 9-12 4 3
      St Margaret Mary Catholic School 1.6 mi Catholic PRESCHOOL-8 0 0
      Lincoln Prairie Elementary School 1.7 mi Public K-5 4 0
      Eastview Elementary School 2.0 mi Public PRESCHOOL-5 4 0
      Algonquin Middle School 2.0 mi Public 6-8 4 0
      Westfield Community School 2.4 mi Public 6-8 4 0
      Algonquin Lakes Elementary School 2.6 mi Public K-5 4 0
      Mackeben Elementary School 2.9 mi Public K-2 0 0
      Conley Elementary School 3.2 mi Public 3-5 4 0
      Heineman Middle School 3.2 mi Public 6-8 4 0
      Martin Elementary School 4.5 mi Public 3-5 4 0
      Chesak Elementary School 4.5 mi Public K-2 0 0
      Marlowe Middle School 4.6 mi Public 6-8 4 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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Algonquin, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.