Real Estate price drops; South Elgin, Illinois drops 25% along with nationwide trend

★ CARDINAL NEWS ★
Real estate prices for houses in South Elgin have dropped 25%, which is possibly connected to a trend that is occurring nationwide for the last 12 months from 2024 to 2025.

Home prices can drop when ...

inventory increases (there are more people selling)

the economic outlook is poor (e.g., threat of a recession)


South Elgin among areas where home prices have dropped - WGN News