From April through June of 2019, there were 366 homes sold, with a median sale price of $205,000 - a 5.7% increase over the $194,000 median sale price for the same period of the previous year. There were 354 homes sold in Elgin in the second quarter of 2018.
The median sales tax in Elgin for the most recent year with available data, 2017, was $4,881, approximately 2.4% of the median home sale price for the second quarter of 2019.
The following table compares Elgin to other Kane County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fox River Estates | 1 | 2 | -50% | $245,000 | $184,000 | 33.2% |
| Huntley | 54 | 61 | -11.5% | $238,000 | $245,000 | -2.9% |
| Big Rock | 6 | 9 | -33.3% | $225,000 | $226,000 | -0.4% |
| Maple Park | 7 | 6 | 16.7% | $223,000 | $243,700 | -8.5% |
| East Dundee | 10 | 37 | -73% | $210,950 | $165,000 | 27.8% |
| Elgin | 366 | 354 | 3.4% | $205,000 | $194,000 | 5.7% |
| Pingree Grove | 62 | 55 | 12.7% | $200,000 | $212,000 | -5.7% |
| Five Island Park | 2 | 0 | - | $195,000 | $0 | - |
| Kaneville | 3 | 2 | 50% | $186,000 | $96,550 | 92.6% |
| Montgomery | 44 | 49 | -10.2% | $181,500 | $180,000 | 0.8% |
| Tanner Woods | 2 | 2 | 0% | $170,882.09 | $315,000 | -45.8% |
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