In November 2019, there were 88 homes sold, with a median sale price of $208,500 - a 8% increase over the $193,000 median sale price for the same period of the previous year. There were 106 homes sold in Elgin in November 2018.
The median sales tax in Elgin for the most recent year with available data, 2018, was $4,982, approximately 2.4% of the median home sale price for November 2019.
The following table compares Elgin to other Kane County cities with similar median sales prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hampshire | 13 | 11 | 18.2% | $237,001 | $310,000 | -23.5% |
| Montgomery | 10 | 13 | -23.1% | $235,750 | $180,000 | 31% |
| Almora Heights | 1 | 0 | - | $225,000 | $0 | - |
| South Elgin | 22 | 16 | 37.5% | $220,000 | $217,300 | 1.2% |
| Gilberts | 7 | 6 | 16.7% | $218,000 | $281,800.50 | -22.6% |
| Elgin | 88 | 106 | -17% | $208,500 | $193,000 | 8% |
| Novak Park | 1 | 1 | 0% | $193,000 | $191,000 | 1% |
| Burlington | 2 | 0 | - | $185,000 | $0 | - |
| East Dundee | 4 | 4 | 0% | $182,300 | $105,500 | 72.8% |
| Carpentersville | 34 | 37 | -8.1% | $174,250 | $160,000 | 8.9% |
| Aurora | 94 | 134 | -29.9% | $169,500 | $156,150 | 8.5% |
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