Elgin Real Estate Market
Elgin is currently a balanced market with 5.4 months of inventory.
- ActiveCurrent active residential listings.
- 633
- Sold (12 mo)Sold residential listings, trailing 12 months.
- 1,344
- Median PriceMedian sold price, trailing 6 months.
- $570K
- Avg DOMAverage days on market (sold, 6 months).
- 51 days
- SP/LPMean sale-to-list ratio (6 months).
- 97.3%
- MOIMonths of inventory (3-month basis).
- 5.4 months
Source: MLS data under license · Aggregated by REintel / Direct Realty Ltd., Brokerage · Trailing 12 months · sold residential · medians 6-month basis
Municipalities in Elgin
| City | Region | Active | Sold | Median | Avg DOM | SP/LP | MOI | Regime | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Southwold | Elgin | 56 | 60 | $785K | 60 days | 96.3% | 24.0 months | Buyer's Market | |
| Malahide | Elgin | 51 | 85 | $680K | 42 days | 96.8% | 5.9 months | Balanced Market | |
| Central Elgin | Elgin | 117 | 202 | $646K | 54 days | 97.0% | 5.7 months | Balanced Market | |
| Bayham | Elgin | 59 | 98 | $583K | 63 days | 96.3% | 6.4 months | Buyer's Market | |
| Dutton/Dunwich | Elgin | 37 | 43 | $553K | 39 days | 95.8% | 11.1 months | Buyer's Market | |
| St. Thomas | Elgin | 218 | 660 | $552K | 48 days | 97.8% | 4.0 months | Seller's Market | |
| Aylmer | Elgin | 39 | 134 | $550K | 65 days | 97.2% | 2.8 months | Seller's Market | |
| West Elgin | Elgin | 56 | 62 | $424K | 41 days | 96.3% | 11.6 months | Buyer's Market |