Market Intelligence · IL / Elgin

Elgin, IL 60120 Housing Market

The typical home in Elgin, IL 60120 is worth $307,100, up 3.7% over the past year as of 2026-07-01. The median list price is $330,000, and homes are spending a median of 23 days on the market as of 2026-08-01.

Updated August 2026Median value$304K

The median home value in Elgin, IL 60120 is $304K as of August 2026, up 4.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 60120 range

$280K to $329K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.1% over 12 months

Typical home value in 60120 over the last 12 months: $292K in Aug 2025 to $304K in Aug 2026 (+4.1%).

Aug 2025$292K

Aug 2026$304K

The numbers

What is the 60120 housing market like?

Typical home value

$304K

Up4.1%YoY

Median list price

$330K

Down2.9%MoM

Days on market

23

Down20.7%MoM

Homes for sale

34

Up41.7%MoM

Price cuts

11.9%

Down8.8%MoM

New listings

36

Up50.0%MoM

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

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The comparison

How do 60120 home prices compare?

  • 60120$304,449
  • Elgin$313,840
  • Illinois$197,608
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Elgin: 3 ZIPs; Illinois: 1,084 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 34 homes for sale in 60120, with 36 new listings added. The median days on market is 23, which points to steady buyer interest. The share of listings with a price cut is 11.9%, so most sellers are holding at their asking price. The typical home value stands at $307,100, up 3.7% over the past year as of 2026-07-01. For a seller, the market looks reasonably healthy, but pricing correctly at the start still matters.

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