The Elk Grove Village housing market is very competitive. Homes in Elk Grove Village receive 5 offers on average and sell in around 41 days. The median sale price of a home in Elk Grove Village was $343K last month, up 2.5% since last year. The median sale price per square foot in Elk Grove Village is $227, up 7.1% since last year.
What is the housing market like in Elk Grove Village today?
In April 2024, Elk Grove Village home prices were up 2.5% compared to last year, selling for a median price of $343K. On average, homes in Elk Grove Village sell after 41 days on the market compared to 42 days last year. There were 34 homes sold in April this year, down from 36 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$343,250
+2.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Elk Grove Village, IL
$343,250
+2.5%
United States
To compare other locations to the Elk Grove Village and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elk Grove Village add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Elk Grove Village housing market?
Elk Grove Village is very competitive. Homes sell in 46 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 46 days.
Hot homes
can sell for about 4% above list price and go pending in around 32 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Elk Grove Village, IL
99.7%
-0.88 pt
United States
Elk Grove Village Migration & Relocation Trends
In Feb '24 - Apr '24, 14% of Elk Grove Village homebuyers searched to move out of Elk Grove Village, while 86% looked to stay within the metropolitan area.
Where are people moving to Elk Grove Village from?
Across the nation, 3% of homebuyers searched to move into Elk Grove Village from outside metros.
New York homebuyers searched to move into Elk Grove Village more than any other metro followed by St. Louis and San Francisco.
Where are people from Elk Grove Village moving to?
86% of Elk Grove Village homebuyers searched to stay within the Elk Grove Village metropolitan area.
Cape Coral was the most popular destination among Elk Grove Village homebuyers followed by Sarasota and Phoenix.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Elk Grove Village
Explore recent offers and recently sold homes in Elk Grove Village
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$325K Offer
Sold for $300K
2bd | 2.5ba | ~1,250sqft
Over List Price
5%
Days on Market
30
Competing Offers
11
Down Payment
~20%
Laura Shulman
Elk Grove Village Redfin Agent
appraisal gap waiver, over list, lots of offers for this one.
Offer Not Accepted|
8 Weeks Ago
~$350K Offer
Sold for $375K
3bd | 2.5ba | —sqft
Under List Price
4%
Days on Market
61
Competing Offers
3
Offer
All Cash
Cynthia Stolfe
Elk Grove Village Redfin Agent
Offer Not Accepted|
9 Weeks Ago
~$300K Offer
Sold for $300K
2bd | 2.5ba | ~1,250sqft
Over List Price
1%
Days on Market
30
Competing Offers
8
Down Payment
~20%
Holly Murguia
Elk Grove Village Redfin Agent
Offer Not Accepted|
9 Weeks Ago
~$475K Offer
Sold for $500K
3bd | 2.5ba | ~1,750sqft
Over List Price
0%
Days on Market
47
Competing Offers
7
Down Payment
~40%
Cynthia Stolfe
Elk Grove Village Redfin Agent
View houses in Elk Grove Village that sold recently
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Elk Grove Village housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Elk Grove Village.
Risk Factor
Flood Factor - Minor
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Elk Grove Village has a minor risk of flooding. 786 properties in Elk Grove Village are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Elk Grove Village. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Elk Grove Village has a moderate risk of wildfire. There are 1,095 properties in Elk Grove Village that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in Elk Grove Village.
Elk Grove Village has minimal risk of severe winds over the next 30 years
Wind Factor
Elk Grove Village has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
96% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Elk Grove Village has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 96% of homes in Elk Grove Village have a Moderate Heat Factor®.
Elk Grove Village is expected to see a 114% increase in the number of days over 101ºF over the next 30 years. Elk Grove Village is expected to experience 8