Home Values

South Elgin Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$182,300

  • 7.3% 1-year change
  • 1.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in South Elgin is $182,300. South Elgin home values have gone up 7.3% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in South Elgin is $109, which is lower than the Chicago Metro average of $127. The median price of homes currently listed in South Elgin is $200,000 while the median price of homes that sold is $181,750. The median rent price in South Elgin is $1,350, which is lower than the Chicago Metro median of $1,500.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in South Elgin is 5.8%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of South Elgin homeowners underwater on their mortgage is 29.7%, which is higher than Chicago Metro at 25.3%.

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Relative ZHVI
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South Elgin Market Overview

Data through Jan 31, 2015
  • $182,300 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $200,000 Median listing price
  • $181,750 Median sale price
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South Elgin Market Health

Data through Jan 31, 2015
  • 2.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 29.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Wayne $516,600
Campton Hills $423,200
Geneva $310,800
Name Median ZHVI
Sleepy Hollow $278,200
Saint Charles $252,500
Bartlett $251,200
Name Median ZHVI
West Dundee $233,900
East Dundee $156,900
Elgin $154,800

Listings & Sales

Data through Jan 31, 2015
  • $109 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
45.6%
Sold below listing
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South Elgin Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,623 South Elgin
    $1,609 Chicago Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,350 Rent list price
  • No recent data Rent list price / sq ft
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