Elgin Real Estate Market Update October 2018
Real Estate In Elgin is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers.
By: PropertyUp Inc.
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 24 days to sell Elgin Condo (https://propertyup.com/
The number of home sales in Elgin from September 1, 2018 through September 30, 2018 was 117 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 $115/Sq.Ft, which is 0% an increase from last month.
In Elgin there were 19 units sold in September in the price range between $85,000 – $162,283 with an average of 2.6 bedrooms and 1.5 bathrooms and average Square footage of 1,248SF.
In Elgin there were 96 units sold in September in the price range between $162,284 – $637,282 with an average of 3.3 bedrooms and 2 bathrooms and average Square footage of 1,957SF.
In Elgin there were 2 units sold in September in the price range between $637,283 – $1,035,000 with an average of 3.5 bedrooms and 4.2 bathrooms and average Square footage of 3,799SF.
The low price range had the most activity. Homes up to $162,283 were on the market on average 15 days and sold an average of $140,921.
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/