Is Elburn, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Elburn is a seller's market


Difference Since May 2022

Since last year, Elburn has remained a Seller's Market.

Key Takeaway

Elburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Elburn, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Elburn have sold for 14.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 -$120K
2 $201.7K$207.5K
3 $314.9K$367K
4 $372K$435K
5+ $380K$474.3K

Median Sold Price Compared To Nearby Cities

Campton Township
Blackberry Township
Maple Park

How many homes are available in Elburn, IL?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 11
3 3029
4 2730
5+ 44

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elburn, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

How long does it take to sell a home in Elburn, IL?

How long does it take to sell a home in Elburn, IL?

Average Sale Time

May 2022May 2023%
52 Days15 Days-71.0%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Elburn are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Elburn, IL?

About Elburn, IL

Number of homes for sale in Elburn, IL real estate market have reached 64. The number of listings in Elburn, IL increased by 3.2% between April 2023 and May 2023. In May 2023 median list price was $390,000 and the average listing age was 15 days. Listing prices have changed in this real estate market between April 2023 and May 2023: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 2.9% more expensive, 3 bedrooms properties prices increased by 16.5%, 4 bedrooms properties became 16.9% more expensive, 5 bedrooms properties became 24.8% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 3.3%, volume of 4 bedrooms homes went up by 11.1%, 5 bedrooms homes did not move. Elburn, IL housing market in May 2023 saw over 7 listings sold above listed price, more than 2 sold at listed price and over 10 sold below.