$5,199,900
Region
Elgin Real Estate
775Active
2,669Sold
301Leased
22Buildings
8Municipalities
Elgin Market
Updated Aug 22, 2026
Condos
Median sale price
$454K
Median PSF (est.)▼ 6.8%
$383/sqft
Price trend
Sold last 90 days
10
Active listings
33
Months of inventory
8.3
Avg days on market
94
Sale-to-list ratio
97.19%
Absorption rate
12.1%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 52.38% · End-user: 47.62% (from 10 sales, 11 leases)
Price reductions (90d)
Price-reduction rate: 20.00%
Avg reduction: $28,585 (5.86%)
Monthly reduction trend
2024-10: 40.0% (5 listings) · avg $27,450
2024-12: 33.3% (3 listings) · avg $20,000
2025-01: 0.0% (3 listings)
2025-02: 25.0% (4 listings) · avg $20,000
2025-04: 33.3% (3 listings) · avg $35,000
2025-06: 0.0% (3 listings)
2025-07: 50.0% (6 listings) · avg $20,000
2025-08: 40.0% (5 listings) · avg $35,000
2025-10: 50.0% (6 listings) · avg $21,400
2025-12: 25.0% (4 listings) · avg $20,000
2026-01: 0.0% (3 listings)
2026-06: 0.0% (4 listings)
2026-08: 33.3% (3 listings) · avg $30,670
Re-entries (past 12 months)
Re-entries: 1 of 66 sold · rate 1.52%
Avg price change: -$9,000 (-1.22%)
Supply vs demand by unit type (90d)
Sample: 33 active listings · 10 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 10 active / 1 sold · mismatch +20.30%
2br: 16 active / 5 sold · mismatch -1.52%
3br: 7 active / 4 sold · mismatch -18.79%
Concession pattern by unit type (90d)
1br (6 sales) — 83.33% closed with concessions, avg 4.29% below ask
2br (38 sales) — 78.95% closed with concessions, avg 3.61% below ask
3br (22 sales) — 86.36% closed with concessions, avg 3.44% below ask
Seasonality (annual pattern)
Historically strongest months: Jun, Jan, Nov
Historically weakest months: Aug, Sep, May
Annual averages: DOM 70.2d · sale-to-list 97.19% (n=66)
Monthly detail
Jan · 6 sales · DOM 52.5d · STL 95.35%
Feb · 4 sales · DOM 65.3d · STL 99.64%
Mar · 1 sales · DOM 80.0d · STL 98.59%
Apr · 5 sales · DOM 82.6d · STL 97.22%
May · 2 sales · DOM 119.5d · STL 96.87%
Jun · 7 sales · DOM 49.7d · STL 96.98%
Jul · 8 sales · DOM 63.0d · STL 98.33%
Aug · 8 sales · DOM 99.6d · STL 96.98%
Sep · 3 sales · DOM 101.7d · STL 96.34%
Oct · 11 sales · DOM 61.6d · STL 96.49%
Nov · 4 sales · DOM 52.8d · STL 99.11%
Dec · 7 sales · DOM 68.4d · STL 96.70%
Homes
Median sale price
$550K
Median PSF (est.)▼ 0.8%
$414/sqft
Price trend
Sold last 90 days
362
Active listings
566
Months of inventory
4.5
Avg days on market
50
Sale-to-list ratio
97.60%
Absorption rate
22.3%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 10.84% · End-user: 89.16% (from 362 sales, 44 leases)
Price reductions (90d)
Price-reduction rate: 29.83%
Avg reduction: $43,136 (6.13%)
Monthly reduction trend
2024-08: 24.2% (33 listings) · avg $34,400
2024-09: 21.2% (85 listings) · avg $33,722
2024-10: 21.1% (95 listings) · avg $37,835
2024-11: 25.3% (79 listings) · avg $40,936
2024-12: 34.3% (73 listings) · avg $31,236
2025-01: 26.1% (69 listings) · avg $31,306
2025-02: 32.6% (43 listings) · avg $29,593
2025-03: 29.0% (62 listings) · avg $28,328
2025-04: 30.0% (60 listings) · avg $23,293
2025-05: 24.7% (73 listings) · avg $26,878
2025-06: 18.6% (97 listings) · avg $32,700
2025-07: 28.1% (96 listings) · avg $257,975
2025-08: 30.1% (113 listings) · avg $28,633
2025-09: 32.9% (79 listings) · avg $429,870
2025-10: 31.1% (74 listings) · avg $5,667,235
2025-11: 30.7% (75 listings) · avg $23,024
2025-12: 27.0% (63 listings) · avg $38,800
2026-01: 19.0% (58 listings) · avg $63,183
2026-02: 28.6% (56 listings) · avg $44,125
2026-03: 15.3% (59 listings) · avg $26,189
2026-04: 25.4% (71 listings) · avg $31,643
2026-05: 34.0% (94 listings) · avg $40,490
2026-06: 23.1% (130 listings) · avg $43,321
2026-07: 35.4% (127 listings) · avg $44,515
2026-08: 29.6% (71 listings) · avg $40,372
Re-entries (past 12 months)
Re-entries: 25 of 1,935 sold · rate 1.29%
Avg price change: +$38,672 (+12.60%)
Seasonality (annual pattern)
Historically strongest months: Sep, Aug, Oct
Historically weakest months: Feb, Apr, Mar
Annual averages: DOM 44.1d · sale-to-list 97.60% (n=1,935)
Monthly detail
Jan · 127 sales · DOM 44.7d · STL 97.50%
Feb · 99 sales · DOM 50.7d · STL 96.08%
Mar · 121 sales · DOM 53.3d · STL 97.55%
Apr · 131 sales · DOM 51.6d · STL 97.50%
May · 167 sales · DOM 49.4d · STL 98.28%
Jun · 227 sales · DOM 42.9d · STL 98.18%
Jul · 223 sales · DOM 46.2d · STL 97.84%
Aug · 217 sales · DOM 37.3d · STL 97.55%
Sep · 164 sales · DOM 36.4d · STL 97.56%
Oct · 169 sales · DOM 37.9d · STL 97.58%
Nov · 154 sales · DOM 39.8d · STL 97.29%
Dec · 136 sales · DOM 48.2d · STL 97.31%
Municipalities in Elgin
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About Elgin Real Estate
Browse all real estate listings in the Elgin area. 775 active listings available with detailed analytics, price trends, and neighbourhood comparisons to make informed real estate decisions.
Elgin has seen 2,970 completed transactions recently, with 2,669 sold and 301 leased properties providing rich comparable data for accurate valuations.
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