Market Intelligence · IL / Elgin

Elgin, IL 60123 Housing Market

The typical home value in Elgin's 60123 ZIP code is $317,535, up 4.2% over the past year. Homes here carry a median list price of $309,000 and spend a median of 29 days on the market.

Updated August 2026Median value$314K

The median home value in Elgin, IL 60123 is $314K as of August 2026, up 4.6% 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 60123 range

$289K to $339K

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

+4.6% over 12 months

Typical home value in 60123 over the last 12 months: $300K in Aug 2025 to $314K in Aug 2026 (+4.6%).

Aug 2025$300K

Aug 2026$314K

The numbers

What is the 60123 housing market like?

Typical home value

$314K

Up4.6%YoY

Median list price

$309K

Down1.5%MoM

Days on market

29

Up11.5%MoM

Homes for sale

50

Up8.7%MoM

Price cuts

5.9%

Up34.9%MoM

New listings

40

Down13.0%MoM

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

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The comparison

How do 60123 home prices compare?

  • 60123$313,840
  • 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 were 50 homes for sale in 60123, with 40 new listings hitting the market. The median list price stands at $309,000, and homes are moving in a median of 29 days. Only 5.9% of listings have taken a price cut. Meanwhile, the typical home value of $317,535 has climbed 4.2% over the past year. For a seller, this reads as a healthy market where well-priced homes are finding buyers without needing discounts.

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