Sunday 13 May 2018

Elgin Real Estate Market Update May 2018



Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.43 months supply of inventory on the market in Elgin on May 31, 2018.


Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Elgin last month was 38 days.
It took on average 27 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from April 1, 2018 through April 30, 2018 was 129 units. That is 1% above the number of homes sold last month in Elgin.
The average price per square foot in the area is now $103/Sq.Ft, which is 2% an increase from last month.


In Elgin there were 16 units sold in April in the price range between $67,000 – $141,765 with an average of 2.4 bedrooms and 1.4 bathrooms and average Square footage of 1,118SF.
In Elgin there were 109 units sold in April in the price range between $141,766 – $383,264 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 1,875SF.
In Elgin there were 4 units sold in April in the price range between $383,265 – $550,000 with an average of 4.8 bedrooms and 2.6 bathrooms and average Square footage of 3,218SF.
The low price range had the most activity. Homes up to $141,765 were on the market on average 25 days and sold an average of $111,255.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Elgin. Search all Elgin homes for Sale on propertyup.com If you are considering viewing Elgin, you may want to do so now!

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