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Elgin Real Estate Market Update May 2018
Real Estate In Elgin is a sellers' market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.1 months supply of inventory on the market in Elgin on May 31, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Elgin (https://propertyup.com/
It took on average 26 days to sell Elgin Condo (https://propertyup.com/
The number of home sales in Elgin from April 1, 2018 through April 30, 2018 was 133 units. That is 1% above the number of homes sold last month in Elgin.
The average price per square foot in the area is now $98/Sq.Ft, which is 3% a decline from last month.
In Elgin there were 17 units sold in April in the price range between $67,000 – $141,372 with an average of 2.4 bedrooms and 1.4 bathrooms and average Square footage of 1,123SF.
In Elgin there were 112 units sold in April in the price range between $141,373 – $382,871 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 1,872SF.
In Elgin there were 4 units sold in April in the price range between $382,872 – $550,000 with an average of 4.8 bedrooms and 2.6 bathrooms and average Square footage of 3,218SF.
The low price range had the most activity. Homes up to $141,372 were on the market on average 26 days and sold an average of $112,024.
If you are looking for a new home for you and your family, or looking for an investment property, you can't go wrong by getting a prime piece of real estate in Elgin (https://propertyup.com/