Real Estate Market Update for South Elgin, 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 down 40% from one year earlier, and down 8% 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 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 8%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold increased 5% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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 South Elgin, IL

Area Information for South Elgin, IL
  • Population: 24,340
  • Median Age: 37.81 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 3,319/sq mi
  • Population Change Since 2000: 42.62%
  • Closest Airport: Chicago O'hare International
  • Closest College: Judson University
  • Closest Jr. College: Elgin Community College
  • Median Household Income: $99,874
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $269,000
  • Closest Major Sports Team: Kane County Cougars (a)
  • Change Avg. Household Income Since 2000: 52.32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for South Elgin, IL
Median Age: 37.81 Married: 43% Number of Households: 7,908 Households with Children: 3,154
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 South Elgin, IL

      School Name Distance Type Grades School Rating
      Fox Meadow Elementary School 1.2 mi Public K-6 2
      Kenyon Woods Middle School 1.3 mi Public 7-8 4
      Willard Elementary School 1.5 mi Public K-6 1
      South Elgin High School 1.6 mi Public 9-12 4
      Clinton Elementary School 1.8 mi Public K-6 2
      Otter Creek Elementary School 2.6 mi Public K-6 2
      Westminster Christian School 3.2 mi Private PRESCHOOL-12 0
      Primrose School Of South Elgin 3.2 mi Private PRESCHOOL-PRESCHOOL 0
      Corron Elementary School 3.3 mi Public K-5 5
      Prairie Knolls Middle School 3.5 mi Public 6-7 4
      Good Shepherd Lutheran School 3.5 mi Private PRESCHOOL-PRESCHOOL 0
      Prairie View Grade School 4.0 mi Public K-5 4
      Country Trails Elementary School 5.4 mi Public K-5 3
      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 South Elgin, IL
        Data powered by Attom Data Solutions. Copyright© 2022. 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.
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