From April to June, 459 homes sold in Elgin for a median price of $192,000. That's 9 percent higher than median home sale prices for the second quarter of 2017.
In the second quarter, 17 homes in Elgin were in foreclosure.
Median property tax for homeowners in Elgin was $4,999.73 in 2017 according to tax data from that year. That means homeowners pay 2.8 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Elgin real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
268
$210,015
-
2010
418
$174,477
-16.9%
2011
363
$132,210
-24.2%
2012
403
$111,180
-15.9%
2013
524
$120,150
8.1%
2014
472
$137,800
14.7%
2015
475
$157,940
14.6%
2016
456
$168,000
6.4%
2017
508
$176,205
4.9%
2018
459
$192,000
9%
Median property tax
Median sale price
Effective property tax rate
2009
$5,702.79
$210,015
2.7%
2010
$5,544.36
$174,477
3.2%
2011
$5,195.37
$132,210
3.9%
2012
$4,934.95
$111,180
4.4%
2013
$4,341.69
$120,150
3.6%
2014
$4,818.11
$137,800
3.5%
2015
$5,052.05
$157,940
3.2%
2016
$4,717.15
$168,000
2.8%
2017
$4,999.73
$176,205
2.8%
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