Near West Elgin, IL Housing Market

$267,823

8.5% 1-yr

The average Near West Elgin, IL home value is $267,823, up 8.5% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Near West Elgin Key Takeaways

Typical Home Values: $267,823

1-year Value Change: +8.5%

(Data through April 30, 2025)

Near West Elgin Housing Market Overview

--1-year Market Forecast

--For sale inventory(April 30, 2025)

--New listings(April 30, 2025)

--Median sale to list ratio

--Median sale price(March 31, 2025)

--Median list price(April 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Downtown Elgin$269,765
Southwest Elgin$267,136
Grant Park$286,573
Gifford Park$267,721
Summit Park$257,429
Lords Park$285,938
Northeastern Elgin$281,273
North Country Knolls$388,647
College Park$264,017

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Near West Elgin Rental Market Trends

--Average rent in Near West Elgin

$2,024National average rent(April 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.