Algonquin, IL Housing Market
The Algonquin housing market is somewhat competitive. Homes in Algonquin receive 5 offers on average and sell in around 48 days. The median sale price of a home in Algonquin was $374K last month, up 14.9% since last year. The median sale price per square foot in Algonquin is $179, up 9.5% since last year.
Algonquin Housing Market Trends
In April 2024, Algonquin home prices were up 14.9% compared to last year, selling for a median price of $374K. On average, homes in Algonquin sell after 48 days on the market compared to 45 days last year. There were 37 homes sold in April this year, up from 33 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Algonquin 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
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 46 days.
- Hot homescan sell for about 5% above list price and go pending in around 36 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 45 days.
- Hot homescan sell for about 5% above list price and go pending in around 33 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 around list price and go pending in around 49 days.
- Hot homescan sell for about 1% above list price and go pending in around 35 days.
Algonquin Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Algonquin from outside metros.
- New York homebuyers searched to move into Algonquin more than any other metro followed by Peoria and St. Louis.
- 86% of Algonquin homebuyers searched to stay within the Algonquin metropolitan area.
- Cape Coral was the most popular destination among Algonquin 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 Algonquin
Recent offers
- Offer Not Accepted|7 Weeks Ago~$350K OfferSold for $350K4 bd | 2.5 ba | ~2,250 sqftOver List Price5%Days on Market20Competing Offers5Down Payment<10%
- Offer Not Accepted|7 Weeks Ago~$375K OfferSold for $375K3 bd | 1.5 ba | ~1,750 sqftOver List Price4%Days on Market36Competing Offers6Down Payment~20%
View houses in Algonquin that sold recently
Recently sold homes
- $365,000 Last Sold Price4 beds2 baths1,574 sq ft501 Ridge St, Algonquin, IL 60102List Price$360,000Sale to List1% over listDays on Market48 days501 Ridge St, Algonquin, IL 60102
- $445,000 Last Sold Price3 beds2.5 baths2,648 sq ft2091 Magenta Ln, Algonquin, IL 60102List Price$435,000Sale to List2% over listDays on Market48 days2091 Magenta Ln, Algonquin, IL 60102
- $280,000 Last Sold Price3 beds2.5 baths1,400 sq ft2245 Dawson Ln, Algonquin, IL 60102List Price$269,900Sale to List4% over listDays on Market25 days2245 Dawson Ln, Algonquin, IL 60102
- $500,000 Last Sold Price5 beds3 baths4,000 sq ft9716 Fox Shores Dr, Algonquin, IL 60102List Price$499,990Sale to List0% over listDays on Market53 days9716 Fox Shores Dr, Algonquin, IL 60102
- $490,500 Last Sold Price4 beds3 baths2,709 sq ft270 Winchester Dr, Algonquin, IL 60102List Price$479,000Sale to List2% over listDays on Market46 days270 Winchester Dr, Algonquin, IL 60102
- $260,000 Last Sold Price2 beds2 baths1,675 sq ft1677 Edgewood Dr, Algonquin, IL 60102List Price$255,000Sale to List2% over listDays on Market43 days1677 Edgewood Dr, Algonquin, IL 60102
- $278,000 Last Sold Price3 beds2 baths1,100 sq ft1350 Riverwood Dr, Algonquin, IL 60102List Price$260,000Sale to List7% over listDays on Market27 days1350 Riverwood Dr, Algonquin, IL 60102
- $485,000 Last Sold Price4 beds3.5 baths3,056 sq ft231 Summerdale Ln, Algonquin, IL 60102List Price$474,900Sale to List2% over listDays on Market37 days231 Summerdale Ln, Algonquin, IL 60102
See all recently sold homes in Algonquin.
See listings
Schools in Algonquin
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Kenneth E Neubert Elementary School Public • K-5 | 403 Students | 8 reviews |
9/10 Eastview Elementary School Public • PreK-5 | 389 Students | 2 reviews |
7/10 Lincoln Prairie Elementary School Public • PreK-5 | 419 Students | 5 reviews |
6/10 Indian Prairie Elementary School Public • K-5 | 486 Students | 7 reviews |
6/10 Conley Elementary School Public • 3-5 | 600 Students | 5 reviews |
Climate's impact on Algonquin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Algonquin.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Algonquin
Walk Score®
Bike Score®
More real estate resources for Algonquin
New Listings in Algonquin
Neighborhood Housing Markets
Nearby City Housing Markets
Zip Code Housing Markets
Neighborhood Listings
Nearby City Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.