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Market Intelligence · IL / Kane County

Elgin, IL home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$315K1-yr changeUp4.9%

The typical home value in Elgin, IL is $315K as of September 2026, up 4.9% from a year ago, based on the Zillow Home Value Index. In the typical Elgin ZIP code, the median list price is $332K and homes spend a median of 30 days on market as of September 2026 (Realtor.com).

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The coverage

Elgin, by the numbers.

Typical home valueZillow ZHVI, September 2026
$315K
1-yr changeMedian across Elgin ZIPs
+4.9%
ZIP markets live4 tracked in Elgin
3
County
Kane County

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12-month value trend

+4.9% over 12 months

Typical home value in Elgin over the last 12 months: $300K in Sep 2025 to $315K in Sep 2026 (+4.9%).

Sep 2025$300K

Sep 2026$315K

Median Zillow home value index across Elgin's ZIP codes.

Context

In Elgin, the typical home value is $314,550 as of September 2026, up 4.9% over the past year. Buyers are looking at a median list price of $332,400, and homes are moving at a median of 30 days on the market. Inventory is limited, with 157 homes for sale and 90 new listings coming on in September 2026. About 17.7% of listings have taken a price cut, which suggests some sellers are aiming higher than buyers will pay. Overall, Elgin remains a steady market with values rising and homes selling in about a month. For a homeowner thinking about selling, realistic pricing from the start looks like the safest path to a timely sale.

The numbers

What is the housing market like in Elgin, IL?

Typical home value

$315K

Up4.9%YoY

Median list price

$332K

Days on market

30

Homes for sale

157

Price cuts

17.7%

New listings

90

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Elgin's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Elgin, IL home prices over time

Typical home values in Elgin, IL are up 4.9% over the past year, from $300K in September 2025 to $315K in September 2026.

Typical home value in Elgin, IL, September of each year
MonthTypical value1-yr change
September 2026$314,550+4.9%
September 2025$299,733No prior year

Typical value is the median Zillow Home Value Index across Elgin ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Elgin, IL a buyer's or seller's market?

Elgin, IL leans toward a seller's market.

Homes are selling quickly, which usually gives sellers the stronger position.

Based on a median of 30 days on market and 18% of listings with a price cut in the typical Elgin ZIP code, and 90 new listings against 157 active listings across Elgin, as of September 2026 (Realtor.com).

The outlook

Elgin housing market forecast 2027

+2.5%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Elgin ZIP codes, points to typical home values rising 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in Elgin rose 4.9%, per the Zillow Home Value Index.

Will home prices drop in Elgin?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Elgin shows typical home values rising 2.5% by September 2027, after a 4.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Elgin ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Elgin?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 4 Elgin ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Elgin, IL home prices.

How much is a home in Elgin worth?

The typical home value in Elgin is $314,550 as of September 2026, up 4.9% over the past year. That figure is a citywide typical value, so an individual home may be worth more or less.

How fast are homes selling in Elgin?

Homes in Elgin spent a median of 30 days on the market as of September 2026. Inventory was limited, with 157 homes for sale and 90 new listings.

Are sellers in Elgin cutting prices?

Yes, 17.7% of listings had a price cut as of September 2026. With a median list price of $332,400, pricing close to market value can help avoid a reduction.

Are home prices going up or down in Elgin, IL?

Typical home values in Elgin, IL are up 4.9% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Elgin, IL a buyer's or seller's market?

Elgin, IL leans toward a seller's market. Homes are selling quickly, which usually gives sellers the stronger position. Based on a median of 30 days on market and 18% of listings with a price cut in the typical Elgin ZIP code, and 90 new listings against 157 active listings across Elgin, as of September 2026 (Realtor.com).

How long do homes take to sell in Elgin, IL?

In the typical Elgin ZIP code, homes spend a median of 30 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

Nearby markets

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