Real Estate Market Update for Elk Grove Village, IL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 2% from one year earlier, and down 2% 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 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 53%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 220-thousand dollars. The number of units sold decreased 12% year-over-year, and increased 31% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
Show Transcript
Map Information for Elk Grove Village, IL
Area Information for Elk Grove Village, IL
  • Population: 31,724
  • Median Age: 43.31 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 5
  • Sales Tax: 0%
  • Population Density: 2,770/sq mi
  • Population Change Since 2000: -11.08%
  • Closest Airport: Chicago O'hare International
  • Closest College: Argosy University-schaumburg
  • Closest Jr. College: Wm Rainey Harper College
  • Median Household Income: $70,758
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $192,250
  • Closest Major Sports Team: Kane County Cougars (a)
  • Change Avg. Household Income Since 2000: 19.41%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Elk Grove Village, IL
Median Age: 43.31 Married: 44% Number of Households: 12,672 Households with Children: 3,525
    • 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 Elk Grove Village, IL

      School Name Distance Type Grades School Rating Parent Rating
      Queen Of The Rosary School 0.1 mi Catholic PRESCHOOL-8 0 0
      Grove Jr High School 0.2 mi Public 6-8 2 0
      Elk Grove High School 0.3 mi Public 9-12 4 0
      Ridge Family Center For Learning 0.4 mi Public K-5 3 0
      Salt Creek Elementary School 0.4 mi Public K-5 1 0
      Kindercare Learning Center - Elk Grove Village 0.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Clearmont Elementary School 0.7 mi Public K-5 3 0
      Adm Richard E Byrd Elementary School 1.0 mi Public K-5 1 0
      Rupley Elementary School 1.1 mi Public K-5 1 0
      Sterling Central chicago Campus 1.2 mi Private 3-12 0 0
      Adolph Link Elementary School 2.2 mi Public K-6 4 0
      Adlai Stevenson Elementary School 2.4 mi Public K-6 4 0
      Margaret Mead Junior High School 2.9 mi Public 7-8 5 0
      Children's Christian Learning Center 3.1 mi Private PRESCHOOL-K 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.
      Local Weather for Elk Grove Village, IL
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.