Start Free
All market snapshots / 60124

Elgin, IL 60124 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Elgin, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.24
ActiveActive listings: 3434PendingPending sales: 88
Elgin, IL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $557k$557kSoldMedian sold price (last 6 months): $564k$564k
What homes actually sell for in Elgin, IL
Distribution of 276 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $436k to $643k
$315k to $379k: 36 sales$315k$379k to $442k: 24 sales$442k to $506k: 27 sales$442k$506k to $570k: 49 sales$570k to $634k: 52 sales52sales$570k$634k to $698k: 27 sales$698k to $761k: 23 sales$698k$761k to $825k: 11 salesMedian $564k

What the numbers say

As of October 5, 2026, Resideline is tracking 34 active listings and 8 pending sales in ZIP code 60124. That pending-to-active ratio of 0.24 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $557,490, while the median of the 276 closed sales Resideline tracked over the last six months was $563,990. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 60124 for 65 days.

Frequently asked questions

What is the median home price in 60124?

The median closed sale price in Elgin, IL 60124 was $563,990 over the last six months, based on 276 closed sales tracked by Resideline. The middle half of those sales ranged from $436,000 to $642,990.

Is 60124 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 34 active listings in 60124, a pending-to-active ratio of 0.24. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 60124 currently looks like a balanced market.

Nearby ZIP code market data

Full Elgin, IL housing market report →

Running a deal in 60124? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 60124 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.