Why Live in Algonquin
Often nicknamed “The Gem of the Fox River Valley,” the village of Algonquin is northwest of downtown Chicago. For much of the 20th century, Algonquin served as a retreat for Chicago residents to escape city life. They were attracted to recreation on the Fox River, and several summer homes were built. Over the years, though the village has grown, the suburb, with a population of just under 30,000, remains a change of pace from Chicago and much of the metro area. “It’s a small, river town, and the government here has a large budget and is not afraid to spend it to improve the quality of life,” says Jeff Padesky, Realtor and team lead at the JP Group in Algonquin. “Your tax dollars are well-spent here.” Algonquin's late 2024 median home price was $413,000, $7,000 below the national figure. In Huntley, the neighboring suburb to the west, the cost is around $404,000 and in nearby Carpentersville, it’s around $265,000. Housing is a lot less than that of other northwest suburbs. “I know people who live in Schaumburg, Hoffman Estates and Palatine in million-dollar houses,” Padesky says. “I tell them you can get the same house in Algonquin for $400,000.” Condos and townhouses are also
Home Trends in Algonquin, IL
On average, homes in Algonquin, IL sell after 22 days on the market compared to the national average of 50 days. The median sale price for homes in Algonquin, IL over the last 12 months is $410,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$410,000
Median Single Family Sale Price
$439,290
Median Townhouse Sale Price
$379,495
Median 2 Bedroom Sale Price
$267,500
Median 1 Bedroom Sale Price
$160,000
Average Price Per Sq Ft
$199
Number of Homes for Sale
124
Last 12 months Home Sales
508
Median List Price
$438,990
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%