Thinking of selling in Elgin?
The Reserve of Elgin homes have sold for a median of $307,000 over the past year, typically in about 8 days. It's a seller's market. Here's the full picture, and what your home is worth today.
$307,000
Median sale
14
Homes sold
12 mo
14
Avg. days on mkt
$193
Median $/sqft
1
For sale now
~0.9 mo supply
Median price by year
▲ 4%A seller's market
Just 1 home for sale against 14 sales a year, roughly 0.9 months of supply, firmly a seller's market.
Price sets the pace
Homes above $320K sell in under two weeks, while the $292K to $320K range, where most of the neighborhood trades, averages about two weeks.
Values climbing
The median sale price is up about 4% year over year, so equity has been building for owners here.
$320,000
2415 Emily Lane
2 bd · 2.5 ba · 2,000 sf · 22d · 99% of list
$332,000
2459 Anna Way
3 bd · 2.5 ba · 1,626 sf · 2d · 104% of list
$327,500
1135 Reserve Drive
3 bd · 2.5 ba · 1,626 sf · 13d · 102% of list
$299,900
2419 Emily Lane
2 bd · 1.5 ba · 1,538 sf · 6d · 100% of list
$307,500
1015 Reserve Drive
2 bd · 2.5 ba · 1,980 sf · 4d · 99% of list
$306,500
2418 Emily Lane
1 bd · 2.5 ba · 1,500 sf · 7d · 102% of list
$316,500
1011 Reserve Drive
3 bd · 2.5 ba · 1,980 sf · 3d · 101% of list
$290,000
2527 Emily Lane
2 bd · 1.5 ba · 1,500 sf · 14d · 100% of list
Sold data via MRED MLS. Shown for market reference; information deemed reliable but not guaranteed.
How fast do homes sell in The Reserve of Elgin?
Over the past year, homes in The Reserve of Elgin have gone under contract in about two weeks on average (14 days), with the typical home closing in about 8 days.
What is my The Reserve of Elgin home worth?
Homes here have sold for a median of $307,000 over the last 12 months, around $193 per square foot. Every home is different, so request a free, no-obligation valuation for a figure specific to yours.
Is now a good time to sell in The Reserve of Elgin?
With 1 home for sale against 14 sales a year, about 0.9 months of supply, The Reserve of Elgin is a seller's market. Sellers here have been getting about 99.8% of list price.
Thinking of selling?
Not a Zestimate. A real CMA from someone who's sold this neighborhood, knows the floor plan premiums, and can tell you which upgrades the buyer pool here actually pays for.
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Your local agent
Joe has read every one of the 14 homes that sold in The Reserve of Elgin this past year, at a median of $307,000, with the typical home going under contract in under two weeks. Joe knows what today's The Reserve of Elgin buyer will actually pay, and what they won't.
With only 0.9 months of inventory, the risk here isn't finding a buyer; it's underpricing and leaving money on the table. Joe prices off the actual The Reserve of Elgin comps, not a national average, and sellers here have been getting about 99.8% of list price. Text or call any time for a straight read on your number.