Elgin Real Estate Market
Elgin is currently a balanced market with 5.0 months of inventory.
- ActiveCurrent active residential listings.
- 605
- Sold (12 mo)Sold residential listings, trailing 12 months.
- 1,323
- Median PriceMedian sold price, trailing 6 months.
- $559K
- Avg DOMAverage days on market (sold, 6 months).
- 52 days
- SP/LPMean sale-to-list ratio (6 months).
- 97.4%
- MOIMonths of inventory (3-month basis).
- 5.0 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 | 52 | 73 | $433K | 43 days | 95.3% | 5.6 months | Balanced Market | |
| Aylmer | Elgin | 38 | 135 | $515K | 57 days | 96.6% | 3.3 months | Seller's Market | |
| St. Thomas | Elgin | 221 | 619 | $536K | 48 days | 98.0% | 3.9 months | Seller's Market | |
| Dutton/Dunwich | Elgin | 39 | 39 | $545K | 42 days | 97.2% | 9.8 months | Buyer's Market | |
| Bayham | Elgin | 50 | 99 | $580K | 76 days | 97.0% | 6.8 months | Buyer's Market | |
| Central Elgin | Elgin | 118 | 214 | $634K | 53 days | 97.1% | 6.1 months | Buyer's Market | |
| Malahide | Elgin | 35 | 82 | $671K | 49 days | 97.7% | 4.8 months | Balanced Market | |
| Southwold | Elgin | 52 | 62 | $707K | 81 days | 97.0% | 9.8 months | Buyer's Market |