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Illinois Park

ELGIN, IL 60123

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

Neighborhoods in ZIP 60123

Illinois Park

Market Analysis

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

The ELGIN, IL real estate market (60123) currently shows 68 active listings, with 35 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 33 days on market compared to 38 days last year.

The median listing price has fallen 7.2% year-over-year, from $301,250 to $279,450.

Whether you are buying or selling in ELGIN, 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: 49,537  ·  Density: 1,369.4/mi²  ·  Median household income: $82,358

Typical home value: $231,426  ·  Homeownership: 69.7%

Market Overview

Active Listings
68
⇩ 8.1% vs 74 last year
Pending
35
51% pending ratio
Median Price
$279,450
⇩ 7.2% vs $301,250 last year
Average Price
$289,351
⇩ 7.5% vs $312,862 last year
Days on Market
33
⇩ 13.2% vs 38 days last year

Price Per Square Foot

Median $/sqft
$184
⇩ 1.1% vs $186/sqft last year
Median Home Size
1,341 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 74 last year
  • Days on market: 33 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $279,450 (-7.2% YoY)
  • Average: $289,351 (-7.5% 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 11.7 miles — 610 listings ($317,121,760 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60123Elgin, IL 601230.0 mi57$16,397,418$281,000$287,674
60120Elgin, IL 601203.8 mi51$15,534,804$289,950$304,604
60118Dundee, IL 601184.7 mi43$26,012,506$409,499$604,942
60110Carpentersville, IL 601105.8 mi47$14,933,310$267,500$317,730
60103Bartlett, IL 601036.9 mi67$31,401,694$418,995$468,682
60175Saint Charles, IL 601757.6 mi45$54,475,425$750,000$1,210,565
60174Saint Charles, IL 601747.8 mi65$60,380,840$600,000$928,936
60133Hanover Park, IL 601339.7 mi49$16,285,738$330,000$332,362
60194Schaumburg, IL 6019410.3 mi25$9,576,000$296,000$383,040
60156Lake In The Hills, IL 6015610.6 mi41$17,815,115$422,500$434,515
60193Schaumburg, IL 6019311.3 mi94$39,483,008$300,000$420,032
60185West Chicago, IL 6018511.3 mi23$14,167,402$485,000$615,974
60195Schaumburg, IL 6019511.7 mi3$658,500$219,500$219,500

Frequently Asked Questions

How many homes are for sale in ELGIN, IL 60123?

As of February 2026, there are 68 active listings in ELGIN, IL (zip code 60123), compared to 74 the prior year.

What is the median home price in ELGIN, IL 60123?

The median listing price in ELGIN, IL 60123 is $279,450 as of February 2026, a 7.2% decrease from $301,250 the prior year.

How long do homes stay on the market in ELGIN, IL?

Homes in ELGIN, IL 60123 spend an average of 33 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in ELGIN, IL 60123?

Based on current inventory and days-on-market data as of February 2026, ELGIN, IL 60123 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 33 days on market compared to 38 days last year.

How much can I save on real estate commission in ELGIN, IL?

With SELL123.com's maximum 3% commission, sellers in ELGIN, IL 60123 save an estimated $5,589 compared to a typical 5% commission on the median listing price of $279,450. 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.