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Elgin Real Estate Market Update March 2018

Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 3.72 months supply of inventory on the market in Elgin on March 31, 2018.<br><br>Now is the Time to Sell!<br><br>The average market time for a Single Family Homes to sell in Elgin last month was 54 days.<br>It took on average 44 days to sell Elgin Condo, Townhouse or a Duplex.<br>The number of home sales in Elgin from February 1, 2018 through February 28, 2018 was 67 units. That is 1% above the number of homes sold last month in Elgin.<br><br>The average price per square foot in the area is now $93/Sq.Ft, which is 5% a decline from last month.

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Elgin Real Estate Market Update March 2018

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  1. Elgin Real Estate Market Update March 2018

  2. Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 3.72 months supply of inventory on the market in Elgin on March 31, 2018.

  3. Now is the Time to Sell! The average market time for a Single Family Homes to sell in Elgin last month was 54 days.It took on average 44 days to sell Elgin Condo, Townhouse or a Duplex.The number of home sales in Elgin from February 1, 2018 through February 28, 2018 was 67 units. That is 1% above the number of homes sold last month in Elgin. The average price per square foot in the area is now $93/Sq.Ft, which is 5% a decline from last month.

  4. In Elgin there were 7 units sold in February in the price range between $29,000 – $111,819 with an average of 3 bedrooms and 1.9 bathrooms and average Square footage of 1,617SF. In Elgin there were 54 units sold in February in the price range between $111,820 – $322,318 with an average of 3.1 bedrooms and 1.8 bathrooms and average Square footage of 1,654SF. In Elgin there were 6 units sold in February in the price range between $322,319 – $450,000 with an average of 3.3 bedrooms and 2.5 bathrooms and average Square footage of 2,437SF. The low price range had the most activity. Homes up to $111,819 were on the market on average 40 days and sold an average of $85,371.

  5. If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Elgin. Search all Elgin homes for Sale on propertyup.com If you are considering viewing Elgin, you may want to do so now!

  6. John Herman PropertyUp Inc. Call847-847-4711 18-5 E Dundee Rd, Suite 200 Barrington, IL 60010

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