Is South Elgin, IL 60177 a buyer’s or seller’s market?

The South Elgin housing market right now

In the three months ending August 31, 2026, 48% of homes in South Elgin, IL 60177 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 115 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 46%, homes sold faster (55 days then) and the median sale price fell 2% to $367,591. Overall, South Elgin is more competitive than a year ago, so tougher for buyers.

Within Kane County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell less often over asking than in 59%. On our competition score, South Elgin ranks #141 of 464 IL ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Hampshire 60140 (32% sold over asking) or Elgin 60124 (33% sold over asking), while Carpentersville 60110 (60% sold over asking) and Saint Charles 60174 (52% sold over asking) are even more competitive.