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.
- $565K
- Avg DOMAverage days on market (sold, 6 months).
- 51 days
- SP/LPMean sale-to-list ratio (6 months).
- 97.2%
- 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 · median 12-month basis
Municipalities in Elgin
| City | Region | Active | Sold | Median | Avg DOM | SP/LP | MOI | Regime | Trend |
|---|---|---|---|---|---|---|---|---|---|
| West Elgin | Elgin | 56 | 62 | $450K | 42 days | 96.4% | 10.1 months | Buyer's Market | |
| Aylmer | Elgin | 39 | 134 | $518K | 64 days | 97.2% | 2.9 months | Seller's Market | |
| Dutton/Dunwich | Elgin | 37 | 43 | $525K | 42 days | 95.8% | 10.8 months | Buyer's Market | |
| Bayham | Elgin | 59 | 98 | $545K | 61 days | 96.4% | 6.1 months | Buyer's Market | |
| St. Thomas | Elgin | 218 | 660 | $550K | 47 days | 97.8% | 4.1 months | Balanced Market | |
| Central Elgin | Elgin | 117 | 202 | $640K | 54 days | 97.0% | 5.9 months | Balanced Market | |
| Malahide | Elgin | 51 | 85 | $680K | 42 days | 96.8% | 5.9 months | Balanced Market | |
| Southwold | Elgin | 56 | 60 | $738K | 64 days | 96.0% | 15.3 months | Buyer's Market |