Elgin (Kane County) home prices rise in September 2020

Medium realestate3

The median sale price of a home sold in September 2020 in Elgin in Kane County rose by $39,000 while total sales decreased by 5.6%, according to BlockShopper.com.

In September 2020, there were 118 homes sold, with a median sale price of $224,000 - a 21.1% increase over the $185,000 median sale price for the same period of the previous year. There were 125 homes sold in Elgin in September 2019.

The median sales tax in Elgin for the most recent year with available data, 2019, was $5,085, approximately 2.3% of the median home sale price for September 2020.

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

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Five Island Park110%$260,000$138,50087.7%
South Elgin312240.9%$255,000$236,9507.6%
Maple Park4333.3%$246,500$250,000-1.4%
Novak Park10-$180,000$0-
East Dundee9728.6%$170,000$179,000-5%
Exposition View10-$143,000$0-
* This story only considers sales data for the part of Elgin that is in Kane County.

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