From January to March, 318 homes sold in Elgin for a median price of $173,750. That's 6.5 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 37 homes in Elgin were in foreclosure.
Median property tax for homeowners in Elgin was $4,921.42 in 2017 according to tax data from that year. That means homeowners pay 3 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Elgin real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
238
$202,428
-
2010
301
$160,170
-20.9%
2011
285
$133,340
-16.8%
2012
312
$107,093
-19.7%
2013
410
$108,270
1.1%
2014
459
$121,900
12.6%
2015
356
$153,117
25.6%
2016
308
$152,250
-0.6%
2017
355
$163,200
7.2%
2018
318
$173,750
6.5%
Median property tax
Median sale price
Effective property tax rate
2009
$5,770.06
$202,428
2.9%
2010
$5,752.14
$160,170
3.6%
2011
$5,119.35
$133,340
3.8%
2012
$4,899.29
$107,093
4.6%
2013
$4,542.56
$108,270
4.2%
2014
$5,020.88
$121,900
4.1%
2015
$4,978.96
$153,117
3.3%
2016
$4,973.43
$152,250
3.3%
2017
$4,921.41
$163,200
3%
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