South Elgin home prices fall in January 2020

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The median sale price of a home sold in January 2020 in South Elgin fell by $15,250 while total sales increased by 16.7%, according to BlockShopper.com.

In January 2020, there were 14 homes sold, with a median sale price of $227,500 - a 6.3% decrease over the $242,750 median sale price for the same period of the previous year. There were 12 homes sold in South Elgin in January 2019.

The median sales tax in South Elgin for the most recent year with available data, 2018, was $6,337, approximately 2.8% of the median home sale price for January 2020.

The following table compares South 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)
Sleepy Hollow
1
2
-50%
$283,455
$206,650
37.2%
Algonquin
10
8
25%
$267,500
$251,500
6.4%
Elburn
9
4
125%
$265,000
$237,625
11.5%
Huntley
10
6
66.7%
$244,500
$225,000
8.7%
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%

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