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Schnells Corner

ELK GROVE VILLAGE, IL 60007

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60007

Schnells Corner

Market Analysis

Data as of February 2026. Source: Realtor.com.

The ELK GROVE VILLAGE, IL real estate market (60007) currently shows 55 active listings, with 35 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 32 days on market compared to 28 days last year.

The median listing price has risen 2.2% year-over-year, from $351,425 to $359,000.

Whether you are buying or selling in ELK GROVE VILLAGE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 32,768  ·  Density: 698.7/mi²  ·  Median household income: $94,051

Typical home value: $324,779  ·  Homeownership: 74.9%

Market Overview

Active Listings
55
⇧ 10% vs 50 last year
Pending
35
64% pending ratio
Median Price
$359,000
⇧ 2.2% vs $351,425 last year
Average Price
$369,495
⇧ 0.7% vs $366,980 last year
Days on Market
32
⇧ 14.3% vs 28 days last year

Price Per Square Foot

Median $/sqft
$249
⇧ 2% vs $244/sqft last year
Median Home Size
1,310 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 50 last year
  • Days on market: 32 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $359,000 (+2.2% YoY)
  • Average: $369,495 (+0.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.8 miles — 580 listings ($232,696,834 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60007Elk Grove Village, IL 600070.0 mi60$24,008,040$359,000$400,134
60191Wood Dale, IL 601913.5 mi32$12,040,000$327,450$376,250
60173Schaumburg, IL 601733.9 mi11$3,513,246$230,000$319,386
60008Rolling Meadows, IL 600084.3 mi30$9,001,980$229,900$300,066
60196Schaumburg, IL 601964.7 mi6$3,573,366$585,990$595,561
60193Schaumburg, IL 601935.0 mi94$39,483,008$300,000$420,032
60018Des Plaines, IL 600185.3 mi34$20,165,094$487,450$593,091
60101Addison, IL 601015.8 mi48$21,955,968$417,000$457,416
60016Des Plaines, IL 600166.2 mi127$45,151,040$335,500$355,520
60108Bloomingdale, IL 601086.6 mi38$20,114,958$425,000$529,341
60070Prospect Heights, IL 600707.2 mi34$11,828,566$249,500$347,899
60176Schiller Park, IL 601767.7 mi17$5,575,830$325,000$327,990
60133Hanover Park, IL 601337.8 mi49$16,285,738$330,000$332,362

Frequently Asked Questions

How many homes are for sale in ELK GROVE VILLAGE, IL 60007?

As of February 2026, there are 55 active listings in ELK GROVE VILLAGE, IL (zip code 60007), compared to 50 the prior year.

What is the median home price in ELK GROVE VILLAGE, IL 60007?

The median listing price in ELK GROVE VILLAGE, IL 60007 is $359,000 as of February 2026, a 2.2% increase from $351,425 the prior year.

How long do homes stay on the market in ELK GROVE VILLAGE, IL?

Homes in ELK GROVE VILLAGE, IL 60007 spend an average of 32 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in ELK GROVE VILLAGE, IL 60007?

Based on current inventory and days-on-market data as of February 2026, ELK GROVE VILLAGE, IL 60007 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 32 days on market compared to 28 days last year.

How much can I save on real estate commission in ELK GROVE VILLAGE, IL?

With SELL123.com's maximum 3% commission, sellers in ELK GROVE VILLAGE, IL 60007 save an estimated $7,180 compared to a typical 5% commission on the median listing price of $359,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.