Real Estate Market Update 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 October. The number of active listings was up 20% from one year earlier, and down 5% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 20%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold increased 19% year-over-year, and increased 14% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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: 30,518
  • Median Age: 37.33 yr
  • Median Commute Time: 31.82 mins
  • Educational Climate*: 4
  • Sales Tax: 7.75%
  • Population Density: 2,496/sq mi
  • Population Change Since 2000: 26.83%
  • Closest Airport: Chicago O'hare International
  • Closest College: Keller Graduate School-devry University
  • Closest Jr. College: Mchenry County College
  • Median Household Income: $95,218
  • Annual Residential Turnover: 15.84%
  • Median Years in Residence: 3.89 yr
  • Median Home Sales Price: $180,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Algonquin, IL
Median Age: 37.33 Married: 41% Number of Households: 10,451 Households with Children: 4,845
    • 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 GreatSchools Rating Parent Rating
      Lake In The Hills Elementary School 0.6 mi Public K-5 3-5 4
      Kenneth E Neubert Elementary School 0.6 mi Public K-5 4-5 4
      Kindercare Learning Center 0.9 mi Private PRESCHOOL-K 0 0
      Foundations Montessori School 1.2 mi Private PRESCHOOL-5 0 4
      St Johns Lutheran School 1.2 mi Private PRESCHOOL-8 0 5
      Harry D Jacobs High School 1.2 mi Public 9-12 4 3
      St Margaret Mary Catholic School 1.6 mi Catholic PRESCHOOL-8 0 4
      Lincoln Prairie Elementary School 1.6 mi Public K-5 4-5 5
      Eastview Elementary School 2.0 mi Public PRESCHOOL-5 4 5
      Algonquin Middle School 2.0 mi Public 6-8 3-5 4
      Westfield Community School 2.4 mi Public PRESCHOOL-8 4 3
      Algonquin Lakes Elementary School 2.6 mi Public K-5 3-5 5
      Mackeben Elementary School 2.9 mi Public K-2 0 4
      Conley Elementary School 3.2 mi Public 3-5 4-5 4
      Heineman Middle School 3.2 mi Public 6-8 4-5 5
      Marlowe Middle School 4.5 mi Public 6-8 4-5 5
      Chesak Elementary School 4.7 mi Public K-2 0 4
      Martin Elementary School 4.7 mi Public 3-5 4 4
      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: and Onboard Informatics © 2014
      Local Weather for Algonquin, 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.