Why Live in Elk Grove Village
Elk Grove Village, located immediately west of O’Hare International Airport, is a northwest Chicago suburb with a population of nearly 33,000. The neighborhood features the largest industrial park in the United States, housing 5,600 businesses and providing thousands of jobs. This industrial presence contributes to the lowest tax rate in Cook County. The Busse Woods Forest Preserve, also known as the Ned Brown Preserve, spans 3,500 acres and includes a small herd of elk, 13 miles of trails for biking and cross-country skiing, and the Busse Reservoir for ice fishing and boating. The Elk Grove Village Park District manages several parks, including the Jack A. Claes Pavilion Community Center with an aquatics center and indoor carousel, and nearby Pirates’ Cove and Rainbow Falls Water Park. Housing styles in Elk Grove Village include mid-20th-century ranch, split-level, and Colonial Revival homes, with some properties adjacent to the forest preserve. The area is safer than the national average, although occasional aircraft noise from O’Hare may be noticeable. Educational institutions are highly rated, with Elk Grove High School and James B. Conant High School both receiving high marks. Shopping and dining options are dispersed throughout the village, with notable centers like Elk Grove Town Center and Elk Crossing Shopping Center. Woodfield Mall in Schaumburg, one of the largest malls in Illinois, is nearby. Elk Grove Village is well-connected, with Interstates 290, 90, and 294 providing access around Chicago, and public transportation options including Metra, CTA Blue Line, and Pace Bus. Ascension Alexian Brothers Hospital serves as the local medical center.
Home Trends in Elk Grove Village, IL
On average, homes in Elk Grove Village, IL sell after 17 days on the market compared to the national average of 50 days. The median sale price for homes in Elk Grove Village, IL over the last 12 months is $370,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$370,000
Median Single Family Sale Price
$420,500
Median Townhouse Sale Price
$320,000
Median 2 Bedroom Sale Price
$255,000
Median 1 Bedroom Sale Price
$175,000
Average Price Per Sq Ft
$247
Number of Homes for Sale
47
Last 12 months Home Sales
363
Median List Price
$379,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%