Elk Grove Village Housing Update: Prices Climb, Inventory Tight
Elk Grove Village, IL – March 11, 2026 – Home prices rose year over year as inventory stayed limited, while rents edged lower across much of the village.
Home values in Elk Grove Village continue to trend higher into early 2026, while the number of available homes remains relatively tight.
Top takeaways
- Median sale price reached about $405K in January, up 8.3% year over year.
- Typical home value is about $370K, with homes going pending in around 23 days.
- Rents average roughly $1,600 per month, down slightly from a year ago.
- For-sale inventory recently hovered around the mid-60s.
Market snapshot
According to Redfin, the median sale price was $405,000 in January 2026, an 8.3% increase from the same time last year. Homes are selling in about 70 days on average, and sale prices per square foot have inched up compared with 2025.
Zillow’s data through January 31, 2026 shows a typical home value near $370,000, up 5.4% year over year, with roughly 64 homes listed and a median list price just over $361,000. Homes are moving to pending status in a little over three weeks, indicating steady buyer demand.
What’s for sale
Current listings range from updated townhomes and condos in the $250K–$350K range to larger single-family homes approaching or exceeding $500K, based on active listings across major portals. Over the past 12 months, median sale prices have generally tracked in the high $300Ks, reflecting modest but consistent appreciation.
Rental trends
The rental market has softened slightly. RentCafe reports an average apartment rent of $1,636 as of February 2026, down about 1.7% year over year. One-bedroom units average around $1,475, while two-bedrooms are closer to $1,840. Zillow’s rental index also shows a small annual decline, suggesting some relief for tenants compared with 2025.
Overall, Elk Grove Village remains somewhat competitive, with limited inventory supporting prices even as days on market tick higher than last year. Are you seeing multiple-offer situations, or more room to negotiate this spring?
Sources
https://www.redfin.com/city/29478/IL/Elk-Grove-Village/housing-market
https://www.zillow.com/home-values/138220/elk-grove-elk-grove-village-il/
https://www.rentcafe.com/average-rent-market-trends/us/il/elk-grove-village/
https://www.homes.com/elk-grove-village-il/houses-for-sale/