Photo: AlphaBeta135 · CC BY 4.0290 homes sold in South Elgin in the last year, at a typical $359K
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 South Elgin homes are listed.
Every place South Elgin 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 South Elgin.
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.
13% of South Elgin’s sales are condos, at $170K less than a house
164 houses and 33 condos sold in the year to May 2026. Condos sell faster.
typical sale · 164 sold in the year to May 2026
- Per square foot
- $221IL $180
- Days to sell
- 56
- Sold over asking
- 43%
- Listings with a price cut
- 16%
typical sale · 33 sold in the year to May 2026
- Per square foot
- $204IL $251
- Days to sell
- 36
- Sold over asking
- 42%
- Listings with a price cut
- 24%
Multi-family (2–4 units): 1 sold, typical $310K
Townhouses: 65 sold, typical $314K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.9 times the 2016 price
290 sales in the last year, against 504 in 2021 and a low of 245 in 2025. The typical sale went from $193K in 2016 to $359K.
Source: Redfin Data Center, MLS sales; from June 2026 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. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $350K buys in South Elgin
Check a listing against what South Elgin 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 South Elgin are more common than before the pandemic, but 41% fewer homes come up for sale
We read every month of South Elgin’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 September 2026, 290 sales.
If you’re buying in South Elgin
- Shop in March. It brings about 47 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- Bid near asking. Buyers paid 100.4% of the list price on average; 45% paid over.
- Move fast on good ones. 59% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 52 a month), but July is the most competitive: 39% of July sales close over asking. March offers nearly as much choice with fewer homes bid up (29%). February has the least competition (20%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Illinois
| South Elgin now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 45% | 23% | 46% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 59% | 43% | 57% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 100.4% | 98.2% | 100% | 99% |
| Days to sellMedian days from listing to contract | 46 | 57 | 15 | 51 |
61 homes for sale on a typical day
That’s 1.4 times the 2025 low (45), 41% fewer than in 2017–19 and well under 2012’s 116.
Since 2019, houses are up 48%, condos 67%
A house typically sold for $430K in the year to May 2026 (164 sales), a condo for $260K (33).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
South Elgin ranks 65th of 327 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. South Elgin is one of the state’s hottest markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical South Elgin home costs about $2,572 a month
Price: South Elgin’s typical sale, last 12 months. Property tax at South Elgin’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 South Elgin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
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 $359K home, about $8,380 a year.
Taxes vs. neighborsSchools
The schools grade for South Elgin, from test results, graduation and how much students grow.
Schools in South ElginTypical commute
The average one-way trip to work for people who live in South Elgin.
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.
Elgin and Sleepy Hollow sell for less a square foot
The busier markets within 25 miles of South Elgin, 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 | |
|---|---|---|---|---|---|
| Elgin | 1,204 | $348K | $205 | 39% | 52 |
| Bartlett | 532 | $422K | $230 | 45% | 52 |
| St. Charles | 455 | $443K | $241 | 48% | 46 |
| South Elgin | 290 | $359K | $215 | 45% | 46 |
| Campton Hills | 139 | $754K | $215 | 45% | 47 |
| Sleepy Hollow | 51 | $473K | $195 | 36% | 63 |
| Wayne Township | 21 | $1M | $246 | 19% | 55 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to South Elgin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to South Elgin. People who follow the town see it, and so do people comparing South Elgin with their own town. No commission, no listing fee.
Questions about buying a home in South Elgin
What do homes sell for in South Elgin, IL?
290 homes sold in the year to September 2026 at a typical $359K, $215 a square foot. Houses sold for about $430K, condos for about $260K in the year to May 2026.
Is South Elgin a buyer’s or seller’s market?
A seller’s market: 83 homes were for sale in September 2026 and 31 sold, about 2.7 months of supply. Buyers paid 100.4% of asking on average.
When is the best time to buy in South Elgin?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in South Elgin?
About 2.3% of a home’s value a year. On a $359K home that’s near $8,380.
Where can I see homes for sale in South Elgin?
Zillow, Redfin, Realtor.com and Homes.com all carry South Elgin’s MLS listings; the search links above open each one filtered to South Elgin.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 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).