Photo: AlphaBeta135 · CC BY 4.0443 homes sold in Algonquin in the last year, at a typical $418K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Algonquin homes are listed.
Every place Algonquin homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Algonquin.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
5% of Algonquin’s sales are condos, at $177K less than a house
304 houses and 22 condos sold in the year to May 2026. Condos sell faster and draw more bidding wars.
typical sale · 304 sold in 12 months
- Per square foot
- $198IL $180
- Days to sell
- 60
- Sold over asking
- 35%
- Listings with a price cut
- 16%
typical sale · 22 sold in 12 months
- Per square foot
- $181IL $251
- Days to sell
- 44
- Sold over asking
- 45%
- Listings with a price cut
- 22%
Multi-family (2–4 units): 2 sold, typical $446K
Townhouses: 115 sold, typical $345K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
443 sales in the last year, against 702 in 2021 and a low of 392 in 2012. The typical sale went from $232K in 2016 to $418K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Algonquin
Check a listing against what Algonquin homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Algonquin are more common than before the pandemic, but 38% fewer homes come up for sale
We read every month of Algonquin’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 443 sales.
If you’re buying in Algonquin
- Shop in March. It brings about 66 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- Less room to haggle. Only 16% of listings cut their price, against 24% before the pandemic.
- Bid near asking. Buyers paid 99.8% of the list price on average; 34% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 64 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 75 a month), but June is the most competitive: 35% of June sales close over asking. March offers nearly as much choice with fewer homes bid up (27%). December has the least competition (20%) but only about 18 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Illinois as a whole
| Algonquin now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 34% | 14% | 54% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 37% | 69% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 24% | 22% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.8% | 97.8% | 100.9% | 99.2% |
| Days to sellMedian days from listing to contract | 64 | 68 | 8 | 49 |
107 homes for sale on a typical day
That’s 2.2 times the 2021 low (49), 38% fewer than in 2017–19 and well under 2012’s 189.
1 in 6 listings has cut its price
16% in the last year, against 24% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 65%, condos 76%
A house typically sold for $472K in the last year (304 sales), a condo for $295K (22).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Algonquin ranks 216th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Algonquin is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Algonquin home costs about $2,977 a month
Price: Algonquin’s typical sale, last 12 months. Property tax at Algonquin’s 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Algonquin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 18.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $418K home, about $9,550 a year.
Taxes vs. neighborsSchools
The schools grade for Algonquin, from test results, graduation and how much students grow.
Schools in AlgonquinTypical commute
The average one-way trip to work for people who live in Algonquin.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Gilberts, Sleepy Hollow and Crystal Lake sell for less a square foot
The busier markets within 25 miles of Algonquin, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Crystal Lake | 511 | $364K | $188 | 42% | 48 |
| Algonquin | 443 | $418K | $198 | 34% | 64 |
| Lake in the Hills | 303 | $360K | $192 | 43% | 48 |
| Carpentersville | 287 | $286K | $201 | 38% | 50 |
| Gilberts | 116 | $407K | $180 | 32% | 59 |
| West Dundee | 82 | $414K | $201 | 41% | 63 |
| Sleepy Hollow | 41 | $477K | $190 | 32% | 65 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Algonquin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Algonquin. People who follow the town see it, and so do people comparing Algonquin with their own town. No commission, no listing fee.
Questions about buying a home in Algonquin
What do homes sell for in Algonquin, IL?
443 homes sold in the year to May 2026 at a typical $418K, $198 a square foot. Houses sold for about $472K, condos for about $295K.
Is Algonquin a buyer’s or seller’s market?
A seller’s market: 120 homes were for sale in May 2026 and 42 sold, about 2.9 months of supply. Buyers paid 99.8% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Algonquin?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Algonquin?
About 2.3% of a home’s value a year. On a $418K home that’s near $9,550.
Where can I see homes for sale in Algonquin?
Zillow, Redfin, Realtor.com and Homes.com all carry Algonquin’s MLS listings; the search links above open each one filtered to Algonquin.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).