How did home prices perform in Elgin (Kane County) during January 2021?

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The median sale price of a home sold in January 2021 in Elgin in Kane County rose by $40,000 while total sales increased by 45%, according to BlockShopper.com.

In January 2021, there were 145 homes sold, with a median sale price of $225,000 - a 21.6% increase over the $185,000 median sale price for the same period of the previous year. There were 100 homes sold in Elgin in January 2020.

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 January 2021.

The following table compares Elgin to other Kane County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Huntley181080%$244,950$244,5000.2%
East Dundee71600%$241,000$180,00033.9%
Kaneville20-$240,500$0-
North Aurora322152.4%$237,450$225,0005.5%
Montgomery9650%$235,000$154,00052.6%
Elgin14510045%$225,000$185,00021.6%
Marywood10-$225,000$0-
Algonquin121020%$214,950$267,500-19.6%
Pingree Grove221369.2%$191,750$196,500-2.4%
Burlington52150%$181,000$88,000105.7%
Aurora14911134.2%$180,000$165,0009.1%
* This story only considers sales data for the part of Elgin that is in Kane County.

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