From July to September, 487 homes sold in Elgin for a median price of $192,000. That's 4.6 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, 27 homes in Elgin were in foreclosure.
Median property tax for homeowners in Elgin was $4,741.86 in 2017 according to tax data from that year. That means homeowners pay 2.6 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
355
$178,893
-
2010
361
$164,730
-7.9%
2011
390
$137,013
-16.8%
2012
473
$113,360
-17.3%
2013
612
$125,820
11%
2014
547
$156,350
24.3%
2015
583
$174,900
11.9%
2016
520
$173,250
-0.9%
2017
495
$183,498
5.9%
2018
487
$192,000
4.6%
Median property tax
Median sale price
Effective property tax rate
2009
$5,527.82
$178,893
3.1%
2010
$5,341.31
$164,730
3.2%
2011
$5,029.23
$137,013
3.7%
2012
$4,593.28
$113,360
4.1%
2013
$4,196.16
$125,820
3.3%
2014
$4,815.58
$156,350
3.1%
2015
$4,997.11
$174,900
2.9%
2016
$4,798.87
$173,250
2.8%
2017
$4,741.85
$183,498
2.6%
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