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South Elgin, IL Housing Market

$359,120

3.9% 1-yr

The average South Elgin, IL home value is $359,120, up 3.9% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

South Elgin Key Takeaways

Typical Home Values: $359,120

1-year Value Change: +3.9%

(Data through August 31, 2025)

South Elgin Housing Market Overview

--1-year Market Forecast
61For sale inventory(August 31, 2025)
28New listings(August 31, 2025)
1.006Median sale to list ratio(July 31, 2025)
$365,417Median sale price(July 31, 2025)
$414,977Median list price(August 31, 2025)
61.4%Percent of sales over list price(July 31, 2025)
28.7%Percent of sales under list price(July 31, 2025)
--Median days to pending
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

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South Elgin Rental Market Trends

$2,342Average rent in South Elgin(August 31, 2025)
$2,007National average rent(August 31, 2025)
-1.0%Month-over-month change(August 31, 2025)
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

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