The median sale price of a home sold in October 2020 in Elgin in Kane County rose by $13,475 while total sales increased by 44.1%, according to BlockShopper.com.
In October 2020, there were 160 homes sold, with a median sale price of $228,475 - a 6.3% increase over the $215,000 median sale price for the same period of the previous year. There were 111 homes sold in Elgin in October 2019.
The median sales tax in Elgin for the most recent year with available data, 2019, was $5,085, approximately 2.2% of the median home sale price for October 2020.
The following table compares Elgin to other Kane County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Maple Park | 6 | 3 | 100% | $249,500 | $250,000 | -0.2% |
| South Elgin | 35 | 25 | 40% | $242,000 | $230,000 | 5.2% |
| Marywood | 2 | 1 | 100% | $233,750 | $238,000 | -1.8% |
| Pingree Grove | 14 | 14 | 0% | $232,500 | $226,200 | 2.8% |
| Burlington | 1 | 0 | - | $232,000 | $0 | - |
| Elgin | 160 | 111 | 44.1% | $228,475 | $215,000 | 6.3% |
| Montgomery | 18 | 14 | 28.6% | $202,500 | $184,900 | 9.5% |
| Aurora | 176 | 120 | 46.7% | $199,500 | $165,000 | 20.9% |
| East Dundee | 9 | 15 | -40% | $195,000 | $200,000 | -2.5% |
| Carpentersville | 39 | 52 | -25% | $179,000 | $175,250 | 2.1% |
| Five Island Park | 1 | 0 | - | $139,000 | $0 | - |
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