Is Algonquin, IL 60102 a buyer’s or seller’s market?

The Algonquin housing market right now

In the three months ending August 31, 2026, 43% of homes in Algonquin, IL 60102 sold above their list price, the typical home went under contract in 55 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 142 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (42% then), homes sold more slowly (49 days then) and the median sale price fell 7% to $414,816. Overall, Algonquin is about as competitive as it was a year ago.

Within McHenry County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell more often over asking than in 59%. On our competition score, Algonquin ranks #239 of 464 IL ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Union 60180 (0% sold over asking) or Richmond 60071 (8% sold over asking), while Ringwood 60072 (100% sold over asking) and Hebron 60034 (60% sold over asking) are even more competitive.