Elk Grove Village real estate market update: September 2026.
The latest published city-level data for Elk Grove Village, stated with its reporting period — and with the months that are not yet published named plainly rather than estimated.
By Rumi Velinova, REALTOR® · RE/MAX At Home · Published September 2026 · Last updated September 2026
Latest available through September 7, 2026.
This is the current update for Elk Grove Village, published in September 2026 and reflecting the latest city-level figures available through September 7, 2026. Provider data lags the calendar: at the time of writing, the most recent published Elk Grove Village figures cover the three months ending July 2026. Every number below is quoted from Redfin's Elk Grove Village housing market page, linked in full at the end of this article.
Not yet published at the time of writing
- August 2026 city-level figures of any kind for Elk Grove Village
- September 2026 figures — the month is still in progress as this is written
This report uses a single primary provider for Elk Grove Village. Where I quote a different publisher or a wider geography, it is labeled as such. See all Northwest Suburbs market updates.
Every figure, with its source and period.
The source column matters as much as the value. Each row states the reporting period it describes.
| Metric | Value | Source · period |
|---|---|---|
| Median sale price | $380K | Redfin · three months ending July 2026 |
| Year-over-year price change | down 2.5% | Redfin · three months ending July 2026 |
| Median sale price per square foot | $283 | Redfin · three months ending July 2026 |
| Year-over-year change per square foot | up 16.0% | Redfin · three months ending July 2026 |
| Median days on market | 45 days | Redfin · three months ending July 2026 |
| Median days on market, same period last year | 39 days | Redfin · three months ending July 2026 |
| Average offers per home | 3 | Redfin · three months ending July 2026 |
| Homes sold, July 2026 | 129 | Redfin · July 2026 |
| Homes sold, July 2025 | 96 | Redfin · July 2025 |
| Market competitiveness (Redfin's wording) | very competitive | Redfin · three months ending July 2026 |
Redfin states its calculations use MLS and/or public-record data. Rolling three-month figures smooth out short-term swings, which is useful in smaller cities where a handful of sales can move a monthly median sharply.
What the published numbers mean if you are selling.
The median sale price in Elk Grove Village was $380K over the three months ending July 2026, down 2.5% against the same period a year earlier. Price per square foot was $283, up 16.0% year over year. Those two measures do not always move together, and when they diverge it usually reflects a change in the mix of homes selling rather than a change in what any one home is worth.
Homes sold in a median of 45 days, compared with 39 days a year earlier — slower than last year. Redfin describes the market as very competitive.
129 homes sold in July 2026 against 96 in July 2025 — more closings than a year ago. Volume tells you how much evidence the market is producing; in the smaller villages a single unusual sale can visibly move a citywide figure, so treat these medians as direction rather than precision.
Practically: price to the evidence for your own property type and neighborhood rather than to a citywide median, invest in presentation before price reductions, and decide your response to inspection findings before you are negotiating them. For a number tied to your address, a complimentary local pricing review is the right starting point, and my seller services page explains the process.
What the published numbers mean if you are buying.
Year-over-year change in the median sale price was down 2.5%. Past change is not a prediction of future change, and no newer city-level month had been published when this update was written.
Homes received about 3 offers on average over the three months ending July 2026, so plan your budget around the possibility of competition rather than the list price alone.
A median of 45 days on market also means some homes genuinely sit. Listings with longer market time may merit closer review for possible negotiating room, though this is not guaranteed and depends entirely on the specific property.
Strong financing preparation, including full underwriting where a lender offers it, can strengthen an offer alongside price. You should not assume inspection or appraisal protections must be waived. My buyer services page covers offer structure, and the Elk Grove Village community page covers housing stock, schools and commute detail.
Interpretation, not prediction.
What follows is my professional interpretation of the published figures above. It is not a forecast, not a statistic I produced, and not personalized advice.
Reading the Elk Grove Village figures together, the median sale price is down 2.5% year over year while homes are taking a median of 45 days to sell. A softer median alongside a market Redfin calls very competitive tells me buyers are still selective: well-prepared homes at defensible prices move, and the rest wait. Citywide medians describe the middle of a varied market — a townhome and a large single-family home in the same city can be travelling in opposite directions.
For sellers, that argues for accurate pricing and genuine presentation. For buyers, it argues for settling financing and offer strategy early so you can act on the right home quickly, without automatically waiving protections. If you want the comparable evidence for your own address, you can request a call, or browse market updates for the other northwest suburbs.
Common questions about the Elk Grove Village market.
What is the most recent Elk Grove Village market data available in September 2026?
As of September 7, 2026, the most recent city-level figures published for Elk Grove Village cover the three months ending July 2026. Redfin reported a median sale price of $380K, down 2.5% compared with the same period a year earlier. August and September 2026 city-level figures had not been published when this update was written, so this article does not state them and does not estimate them.
What is a typical home price in Elk Grove Village right now?
Redfin reported a median sale price of $380K for the three months ending July 2026, down 2.5% year over year, and a median sale price per square foot of $283, up 16.0% year over year. A citywide median describes the middle of all sales; it is not a valuation of any particular home.
How competitive is the Elk Grove Village market?
Redfin characterizes Elk Grove Village as very competitive. Homes sold in a median of 45 days over the three months ending July 2026, compared with 39 days in the same period last year, and homes received about 3 offers on average. 129 homes sold in July 2026, compared with 96 in July 2025.
Should I wait for newer figures before deciding?
City-level figures are published well after the month they describe, so waiting for them means acting on information that is already old. A citywide median is also a poor proxy for one address. Comparing your specific home, or your specific search criteria, against current local activity is the more useful step.
Where every number came from.
- Redfin — Elk Grove Village housing market: figures for the three months ending July 2026, plus the July 2026 and July 2025 homes-sold counts. Source of the median sale price, year-over-year change, price per square foot, median days on market, average offers per home and the competitiveness description. Redfin states its calculations use MLS and/or public-record data.
Data-date disclaimer: every figure was published by the source above and reflects the reporting period stated beside it. No August 2026 city-level figure, and no September 2026 figure of any kind, is stated here, because none had been published when this update was written. Providers revise their data and conditions change after publication. This is general information about the Elk Grove Village market, not an appraisal, and not financial, legal or tax advice.
Sources were accessed on September 7, 2026.
Where to go next.
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