543 homes sold in Ela Township in the last year, at a typical $678K
Redfin reports Ela Township’s sales by ZIP code, so these figures are for ZIP 60047, which takes in Ela Township and the area around it. Almost every sale is a house. 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 Ela Township homes are listed.
Every place Ela Township 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 Ela Township.
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.
Houses are 89% of Ela Township’s sales, at a typical $714K
543 homes sold in the year to May 2026.
typical sale · 482 sold in 12 months
- Per square foot
- $244IL $180
- Days to sell
- 57
- Sold over asking
- 41%
Condos: 8 sold, typical $329K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.7 times the 2016 price
543 sales in the last year, against 971 in 2021 and a low of 426 in 2012. The typical sale went from $403K in 2016 to $678K.
Source: Redfin Data Center, MLS sales; for ZIP 60047, which takes in Ela Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $700K buys in Ela Township
Check a listing against what Ela Township 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 Ela Township are more common than before the pandemic, but 62% fewer homes come up for sale
We read every month of home sales in ZIP 60047 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, 543 sales.
If you’re buying in Ela Township
- Shop in April. It brings about 95 new listings a month, close to the busiest month, with fewer bidding wars (24% over asking).
- Bid near asking. Buyers paid 100.2% of the list price on average; 41% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 103 a month), but June is the most competitive: 27% of June sales close over asking. January has the least competition (17%) but only about 40 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Ela Township now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 41% | 9% | 33% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 52% | 25% | 51% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 100.2% | 96.7% | 99% | 99.2% |
| Days to sellMedian days from listing to contract | 58 | 89 | 23 | 49 |
135 homes for sale on a typical day
That’s 62% fewer than in 2017–19 and well under 2019’s 365.
Since 2019, houses are up 62%, condos 48%
A house typically sold for $714K in the last year (482 sales), a condo for $329K (8).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 60047, which takes in Ela Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 38.
Best time to buySchools
The schools grade for Ela Township, from test results, graduation and how much students grow.
Schools in Ela TownshipTypical commute
The average one-way trip to work for people who live in Ela Township.
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.
Forest Lake and Hawthorn Woods sell for less a square foot
The busier markets within 25 miles of Ela Township, 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 | |
|---|---|---|---|---|---|
| Ela Township (ZIP 60047) | 543 | $678K | $241 | 41% | 58 |
| Lake Zurich | 209 | $500K | $248 | 59% | 50 |
| Hawthorn Woods | 147 | $743K | $232 | 28% | 89 |
| Long Grove | 102 | $993K | $241 | 29% | 61 |
| Kildeer | 76 | $866K | $278 | 46% | 99 |
| Deer Park | 39 | $744K | $257 | 44% | 60 |
| Forest Lake | 27 | $414K | $216 | 30% | 68 |
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 Ela Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Ela Township. People who follow the town see it, and so do people comparing Ela Township with their own town. No commission, no listing fee.
Questions about buying a home in Ela Township
What do homes sell for in Ela Township, IL?
543 homes sold in the year to May 2026 at a typical $678K, $241 a square foot.
Is Ela Township a buyer’s or seller’s market?
A seller’s market: 153 homes were for sale in May 2026 and 47 sold, about 3.3 months of supply. Buyers paid 100.2% of asking on average.
When is the best time to buy in Ela Township?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Ela Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Ela Township’s MLS listings; the search links above open each one filtered to Ela Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 60047, which takes in Ela Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). 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).