Is Elk Grove Village, IL 60007 a buyer’s or seller’s market?

The Elk Grove Village housing market right now

In the three months ending August 31, 2026, 48% of homes in Elk Grove Village, IL 60007 sold above their list price, the typical home went under contract in 46 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 120 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 51%, homes sold more slowly (43 days then) and the median sale price rose 2% to $391,830. Overall, Elk Grove Village is less competitive than a year ago, which gives buyers more room.

Within Cook County, homes here sell faster than in 65% of the county’s ZIP codes, and sell more often over asking than in 58%. On our competition score, Elk Grove Village ranks #139 of 464 IL ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.