Market Intelligence · IL / Elgin

Elgin, IL 60124 Housing Market

In Elgin, IL 60124, the typical home value is $511,010, up 4.6% over the past year as of September 2026. The median list price is $565,495, and homes are moving in a median of 30 days on market.

Updated September 2026Median value$511K

The median home value in Elgin, IL 60124 is $511K as of September 2026, up 4.6% 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 60124 range

$470K to $552K

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

Sep 2025$489K

Low $489KHigh $511K

Sep 2026$511K

The numbers

What is the 60124 housing market like?

As of September 2026

Typical home value

$511K

4.6%YoY

Median list price

$565K

0.3%MoM

Days on market

11.8%MoM

Homes for sale

14.8%MoM

Price cuts

27.3%

63.0%MoM

New listings

31.8%MoM

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

The outlook

60124 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60124 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 60124 rose 4.6%, per the Zillow Home Value Index.

Will home prices drop in 60124?

Zillow's forecast does not call for a drop: it expects typical home values in 60124 to rise 2.6% by September 2027, after a 4.6% 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 60124 home prices compare?

60124$511,010
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, 60124 had 62 homes for sale and 30 new listings, with a median list price of $565,495. The median days on market was 30, which points to decisions happening in about a month rather than a long stall. Values still rose, with the typical home value at $511,010, up 4.6% over the past year. At the same time, 27.3% of listings had a price cut, so sellers are not getting every ask. Pricing close to the market matters more than testing high.

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Home price

Down payment20% · $102,202

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Common questions

What people ask us.

How much is a home in 60124 worth?

The typical home value in Elgin, IL 60124 is $511,010 as of September 2026, up 4.6% over the past year.

Are sellers cutting prices in 60124?

Yes, 27.3% of listings had a price cut as of September 2026. The median list price was $565,495.

How fast are homes selling in 60124?

The median days on market was 30 as of September 2026, with 62 homes for sale and 30 new listings.

Discover

Nearby ZIP markets.

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