Elgin Real Estate Market Update December 2018
Real Estate In Elgin is a sellers’ market with low inventory of homes in Elgin and a lot of buyer interest. There is a 4.54 months supply of inventory on the market in Elgin on December 31, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Elgin last month was 37 days.
It took on average 35 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from November 1, 2018 through November 30, 2018 was 107 units. That is 1% above the number of homes sold last month in Elgin.
The average price per square foot in the area is now $101/Sq.Ft, which is 4% a decline from last month.
In Elgin there were 13 units sold in November in the price range between $22,440 – $117,375 with an average of 2.3 bedrooms and 1.6 bathrooms and average Square footage of 1,209SF.
In Elgin there were 89 units sold in November in the price range between $117,376 – $398,654 with an average of 3.1 bedrooms and 1.9 bathrooms and average Square footage of 1,805SF.
In Elgin there were 5 units sold in November in the price range between $398,655 – $585,000 with an average of 4.6 bedrooms and 2.9 bathrooms and average Square footage of 3,237SF.
The low price range had the most activity. Homes up to $117,375 were on the market on average 27 days and sold an average of $84,072.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Elgin. Search all Elgin homes for Sale on propertyup.com If you are considering viewing Elgin, you may want to do so now!
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source http://realestatevibe.com/elgin-real-estate-market-update-December-2018/
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