Elgin (Kane County) home prices fall in January 2020

Medium realestate5

The median sale price of a home sold in January 2020 in Elgin in Kane County fell by $25,000 while total sales increased by 44.9%, according to BlockShopper.com.

In January 2020, there were 100 homes sold, with a median sale price of $185,000 - a 11.9% decrease over the $210,000 median sale price for the same period of the previous year. There were 69 homes sold in Elgin in January 2019.

The median sales tax in Elgin for the most recent year with available data, 2018, was $4,982, approximately 2.7% of the median home sale price for January 2020.

The following table compares Elgin to other Kane County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Sugar Grove
13
7
85.7%
$233,000
$280,000
-16.8%
South Elgin
14
12
16.7%
$227,500
$242,750
-6.3%
North Aurora
21
16
31.3%
$225,000
$262,950
-14.4%
Gilberts
8
5
60%
$211,500
$175,000
20.9%
Pingree Grove
13
6
116.7%
$196,500
$211,350.50
-7%
Elgin
100
69
44.9%
$185,000
$210,000
-11.9%
East Dundee
1
2
-50%
$180,000
$176,250
2.1%
Fox River Estates
1
1
0%
$175,000
$22,500
677.8%
Carpentersville
33
32
3.1%
$175,000
$170,000
2.9%
Aurora
111
115
-3.5%
$165,000
$148,500
11.1%
Hampshire
8
7
14.3%
$158,500
$217,000
-27%
* This story only considers sales data for the part of Elgin that is in Kane County.

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