Elgin Real Estate Market
Elgin is currently a balanced market with 5.5 months of inventory.
- ActiveCurrent active residential listings.
- 585
- Sold (12 mo)Sold residential listings, trailing 12 months.
- 1,283
- Median PriceMedian sold price, trailing 6 months.
- $560K
- Avg DOMAverage days on market (sold, 6 months).
- 54 days
- SP/LPMean sale-to-list ratio (6 months).
- 97.2%
- MOIMonths of inventory (3-month basis).
- 5.5 months
Source: MLS data under license · Aggregated by REintel / Direct Realty Ltd., Brokerage · Trailing 12 months · sold residential · median 12-month basis
Municipalities in Elgin
| City | Region | Active | Sold | Median | Avg DOM | SP/LP | MOI | Regime | Trend |
|---|---|---|---|---|---|---|---|---|---|
| West Elgin | Elgin | 51 | 68 | $427K | 41 days | 95.2% | 10.2 months | Buyer's Market | |
| Aylmer | Elgin | 33 | 121 | $515K | 47 days | 96.1% | 3.0 months | Seller's Market | |
| St. Thomas | Elgin | 221 | 611 | $535K | 48 days | 97.7% | 4.6 months | Balanced Market | |
| Dutton/Dunwich | Elgin | 31 | 37 | $565K | 53 days | 96.9% | 8.5 months | Buyer's Market | |
| Bayham | Elgin | 51 | 92 | $605K | 85 days | 96.8% | 7.5 months | Buyer's Market | |
| Central Elgin | Elgin | 109 | 218 | $634K | 61 days | 96.9% | 5.6 months | Balanced Market | |
| Malahide | Elgin | 35 | 79 | $660K | 50 days | 97.6% | 5.5 months | Balanced Market | |
| Southwold | Elgin | 54 | 57 | $660K | 81 days | 97.7% | 10.8 months | Buyer's Market |