Market Intelligence · IL / Elgin

Elgin, IL 60124 Housing Market

The typical home value in Elgin, IL 60124 is $511,668, up 4.0% over the past year. Homes here carry a median list price of $566,990 and a median of 34 days on market. There are 54 homes for sale right now.

Updated August 2026Median value$510K

The median home value in Elgin, IL 60124 is $510K as of August 2026, up 4.3% 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 60124 range

$470K to $551K

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

+4.3% over 12 months

Typical home value in 60124 over the last 12 months: $489K in Aug 2025 to $510K in Aug 2026 (+4.3%).

Aug 2025$489K

Aug 2026$510K

The numbers

What is the 60124 housing market like?

Typical home value

$510K

Up4.3%YoY

Median list price

$567K

Down0.7%MoM

Days on market

34

Down2.9%MoM

Homes for sale

54

Down12.9%MoM

Price cuts

16.8%

Up20.3%MoM

New listings

44

Up83.3%MoM

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

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The comparison

How do 60124 home prices compare?

  • 60124$510,474
  • 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

The 60124 market is moving at a steady pace, with homes spending a median of 34 days on market. Buyers have some choice, with 54 homes for sale and 44 new listings adding to supply. The typical home value of $511,668 is up 4.0% over the past year, which points to continued appreciation. The median list price of $566,990 sits above that typical value, and 16.8% of listings have taken a price cut. For a seller, the data suggests demand is real but pricing accurately from the start matters.

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