Elgin, OH Foreclosures
Current Market Conditions in in Elgin, OH As of February 2026?
In the past month, Elgin's housing market has seen a slight uptick in activity. With an increase in new listings, buyers now have more options than they did previously, helping to alleviate the pressure on inventory levels. Homes are still selling relatively quickly, often within weeks of being listed, showcasing the ongoing demand in the area. Interest rates remain attractive, contributing to the continued enthusiasm among prospective homeowners. Overall, the market remains balanced, although certain segments, notably starter homes, continue to experience competitive bidding situations.
How much do homes sell for in Elgin, OH?
The average home price is currently $219,463.
What’s the average rental cost in Elgin, OH?
The average rental price in Elgin is $1,159.
What is the most expensive home in Elgin?
The most expensive home sold in Elgin had a price of $941,656.
What is currently the cheapest priced home in Elgin, OH?
The cheapest home for sale in Elgin is priced at $22,338.
Living in Elgin, OH
Elgin, Ohio is a serene small town that combines rural charm with suburban comforts. It is known for its friendly community vibe, local events, and beautiful parks. Ideal for families and retirees, Elgin offers a slower pace of life with plenty of outdoor activities.
Buyer vs Seller Market in Elgin, OH
The Elgin real estate market has shown steady growth over the past several months. Homes in Elgin are becoming increasingly popular due to their affordability compared to larger neighboring cities. Buyers are drawn to the community's charm, as well as its strong local amenities and schools.
There has been a notable increase in home values, with several properties selling above asking price, indicating a competitive market. The demand for housing has resulted in a decrease in available inventory, prompting quicker sales. First-time buyers, young families, and retirees continue to drive the demand for residential real estate in this picturesque town.
Home Value Estimator For Elgin, OH
There are currently 20 real estate properties
in Elgin, OH,
with a median automated valuation model (AVM) price
of $146,821.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elgin, OH, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Elgin, OH,
is $219,463.00, with the most expensive house
in Elgin, OH, topping out
at $941,656.00 and the cheapest home
in Elgin, OH,
clocking in at $22,338.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elgin, OH!
Rent Prices
In Elgin, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elgin, OH, is on
a rollercoaster ride. The
average rent price in Elgin, OH,
is $1,159.00. Indeed, when looking to rent in
Elgin, OH, you can expect to pay as little
as $760.00 or as much
as $1,860.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Elgin, OH
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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