Market Intelligence · IL / Elgin

Elgin, IL 60120 Housing Market

The typical home in Elgin, IL 60120 is worth $304,726, up 4.4% over the past year as of September 2026. Sellers are listing at a median of $319,950, and homes are moving in a median of 23 days on market.

Updated September 2026Median value$305K

The median home value in Elgin, IL 60120 is $305K as of September 2026, up 4.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with 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

+4.4% over 12 months

Sep 2025$292K

Low $292KHigh $305K

Sep 2026$305K

The numbers

What is the 60120 housing market like?

As of September 2026

Typical home value

$305K

4.4%YoY

Median list price

$320K

3.0%MoM

Days on market

0.0%MoM

Homes for sale

35.3%MoM

Price cuts

17.3%

45.7%MoM

New listings

5.6%MoM

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

The outlook

60120 housing market forecast 2027

+2.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60120 to rise 2.4% by September 2027.

Over the 12 months through September 2026, typical home values in 60120 rose 4.4%, per the Zillow Home Value Index.

Will home prices drop in 60120?

Zillow's forecast does not call for a drop: it expects typical home values in 60120 to rise 2.4% by September 2027, after a 4.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 60120 home prices compare?

60120$304,726
Elgin$314,550
Illinois$194,737
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Elgin: 3 ZIPs; Illinois: 1,084 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 46 homes for sale in 60120, with 34 new listings coming on during the same period. The median list price sits at $319,950, and homes are selling in a median of 23 days, which points to steady demand. Price cuts are present but limited, with 17.3% of listings reduced. Values have climbed 4.4% over the past year to a typical home value of $304,726. For a seller, the overall picture favors acting while demand is holding and reductions remain uncommon.

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Home price

Down payment20% · $60,945

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Common questions

What people ask us.

How much is a home in 60120 worth?

The typical home value in 60120 is $304,726 as of September 2026, up 4.4% over the past year.

How fast are homes selling in 60120?

Homes are selling in a median of 23 days on market as of September 2026, with 46 homes currently for sale.

Are sellers cutting prices in 60120?

Yes, but not widely. As of September 2026, 17.3% of listings had a price cut, while the median list price stood at $319,950.

Discover

Nearby ZIP markets.

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