South Elgin home prices rise in October 2020

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The median sale price of a home sold in October 2020 in South Elgin rose by $12,000 while total sales increased by 40%, according to

In October 2020, there were 35 homes sold, with a median sale price of $242,000 - a 5.2% increase over the $230,000 median sale price for the same period of the previous year. There were 25 homes sold in South Elgin in October 2019.

The median sales tax in South Elgin for the most recent year with available data, 2019, was $6,464, approximately 2.7% of the median home sale price for October 2020.

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

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Almora Heights3250%$251,950$234,0007.7%
Maple Park63100%$249,500$250,000-0.2%
South Elgin352540%$242,000$230,0005.2%
Pingree Grove14140%$232,500$226,2002.8%

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