Elk Grove Village, IL Housing Market
The Elk Grove Village housing market is very competitive. Homes in Elk Grove Village receive 5 offers on average and sell in around 37 days. The median sale price of a home in Elk Grove Village was $388K last month, up 15.7% since last year. The median sale price per square foot in Elk Grove Village is $236, up 10.5% since last year.
Elk Grove Village Housing Market Trends
In April 2024, Elk Grove Village home prices were up 15.7% compared to last year, selling for a median price of $388K. On average, homes in Elk Grove Village sell after 37 days on the market compared to 40 days last year. There were 22 homes sold in April this year, down from 35 last year.
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?
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 about 1% above list price and go pending in around 40 days.
- Hot homescan sell for about 4% above list price and go pending in around 32 days.
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 about 2% above list price and go pending in around 40 days.
- Hot homescan sell for about 6% above list price and go pending in around 29 days.
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
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 42 days.
- Hot homescan sell for about 5% above list price and go pending in around 28 days.
Elk Grove Village Migration & Relocation Trends
- 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 Peoria and St. Louis.
- 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 South Bend.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,510 | ||
2 | 730 | ||
3 | 695 | ||
4 | 544 | ||
5 | 366 | ||
6 | 285 | ||
7 | 185 | ||
8 | 171 | ||
9 | 51 | ||
10 | 50 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,962 | ||
2 | 1,319 | ||
3 | 1,297 | ||
4 | 1,157 | ||
5 | 1,141 | ||
6 | 1,111 | ||
7 | 881 | ||
8 | 846 | ||
9 | 793 | ||
10 | 747 |
Home offer insights for Elk Grove Village
Recent offers
- Offer Not Accepted|11 Weeks Ago~$325K OfferSold for $300K2 bd | 2.5 ba | ~1,250 sqftOver List Price5%Days on Market30Competing Offers11Down Payment~20%
- Offer Not Accepted|7 Weeks Ago~$275K OfferSold for $300K2 bd | 1 ba | ~1,250 sqftOver List Price1%Days on Market31Competing Offers10Down Payment<10%
- Offer Not Accepted|11 Weeks Ago~$350K OfferSold for $375K3 bd | 2.5 ba | — sqftUnder List Price4%Days on Market61Competing Offers3OfferAll Cash
- Offer Not Accepted|11 Weeks Ago~$300K OfferSold for $300K2 bd | 2.5 ba | ~1,250 sqftOver List Price1%Days on Market30Competing Offers8Down Payment~20%
- Offer Not Accepted|12 Weeks Ago~$475K OfferSold for $500K3 bd | 2.5 ba | ~1,750 sqftOver List Price0%Days on Market47Competing Offers7Down Payment~40%
View houses in Elk Grove Village that sold recently
Recently sold homes
- $407,000 Last Sold Price3 beds2 baths1,395 sq ft502 Shadywood Ln, Elk Grove Village, IL 60007List Price$385,000Sale to List6% over listDays on Market29 days502 Shadywood Ln, Elk Grove Village, IL 60007
- $335,100 Last Sold Price3 beds2 baths1,444 sq ft94 JF Kennedy Blvd, Elk Grove Village, IL 60007List Price$325,000Sale to List3% over listDays on Market64 days94 JF Kennedy Blvd, Elk Grove Village, IL 60007
- $300,200 Last Sold Price4 beds2 baths1,587 sq ft1269 Maple Ln, Elk Grove Village, IL 60007List Price$280,000Sale to List7% over listDays on Market56 days1269 Maple Ln, Elk Grove Village, IL 60007
- $290,000 Last Sold Price2 beds2.5 baths1,471 sq ft1212 Old Mill Ln #1212, Elk Grove Village, IL 60007List Price$280,000Sale to List4% over listDays on Market48 days1212 Old Mill Ln #1212, Elk Grove Village, IL 60007
- $170,000 Last Sold Price1 bed1 bath—sq ft850 Wellington Ave #410, Elk Grove Village, IL 60007List Price$170,000Sale to List0% over listDays on Market40 days850 Wellington Ave #410, Elk Grove Village, IL 60007
- $375,000 Last Sold Price4 beds2 baths1,843 sq ft560 Walnut Ln, Elk Grove Village, IL 60007List Price$375,000Sale to List0% over listDays on Market31 days560 Walnut Ln, Elk Grove Village, IL 60007
- $331,000 Last Sold Price2 beds1 bath1,006 sq ft943 Cooper Ct, Elk Grove Village, IL 60007List Price$315,000Sale to List5% over listDays on Market32 days943 Cooper Ct, Elk Grove Village, IL 60007
- $405,000 Last Sold Price4 beds2 baths1,800 sq ft574 Bristol Ln, Elk Grove Village, IL 60007List Price$425,000Sale to List5% under listDays on Market28 days574 Bristol Ln, Elk Grove Village, IL 60007
See all recently sold homes in Elk Grove Village.
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Schools in Elk Grove Village
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Clearmont Elementary School Public • K-5 | 407 Students | 3 reviews |
7/10 Adolph Link Elementary School Public • K-6 | 652 Students | 12 reviews |
7/10 Adlai Stevenson Elementary School Public • K-6 | 495 Students | 5 reviews |
6/10 Salt Creek Elementary School Public • K-5 | 421 Students | 7 reviews |
6/10 Ridge Family Center For Learning Public • PreK-5 | 275 Students | 10 reviews |
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.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Elk Grove Village
Walk Score®
Bike Score®
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