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Elgin Real Estate Market Update May 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 4.43 months supply of inventory on the market in Elgin on May 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 38 days.<br>It took on average 27 days to sell Elgin Condo, Townhouse or a Duplex.<br>The number of home sales in Elgin from April 1, 2018 through April 30, 2018 was 129 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 $103/Sq.Ft, which is 2% an increase from last month.<br>

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Elgin Real Estate Market Update May 2018

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  1. Elgin Real Estate Market Update May 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 4.43 months supply of inventory on the market in Elgin on May 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 38 days.It took on average 27 days to sell Elgin Condo, Townhouse or a Duplex.The number of home sales in Elgin from April 1, 2018 through April 30, 2018 was 129 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 $103/Sq.Ft, which is 2% an increase from last month.

  4. In Elgin there were 16 units sold in April in the price range between $67,000 – $141,765 with an average of 2.4 bedrooms and 1.4 bathrooms and average Square footage of 1,118SF. In Elgin there were 109 units sold in April in the price range between $141,766 – $383,264 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 1,875SF. In Elgin there were 4 units sold in April in the price range between $383,265 – $550,000 with an average of 4.8 bedrooms and 2.6 bathrooms and average Square footage of 3,218SF. The low price range had the most activity. Homes up to $141,765 were on the market on average 25 days and sold an average of $111,255.

  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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