What is the median home price in Parkwood, Elgin?

The median home price in Parkwood is $207,500, down 32% year-over-year. Homes sell in a median of 22.5 days. The sale-to-list ratio is 96.32%.

How much does it cost to sell a home in Parkwood?

On a $207,500 home in Parkwood, a traditional agent charges around 3% — about $6,225. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $2,726 while getting MLS listing and expert support.

How long does it take to sell a home in Parkwood?

The median home in Parkwood spends 22.5 days on market. 66.67% of listings go pending within two weeks. 3 homes sold recently in this neighborhood.

Is Parkwood a good neighborhood to sell in right now?

Parkwood had 3 homes sell recently at a median of $207,500. Sellers are getting 96.32% of their asking price. Ridley's flat fee means you keep more regardless of market conditions.

National/Illinois/Elgin

Parkwood · Elgin, IL

Is Now a Good Time to Sell in Parkwood, Elgin?

The median home in Parkwood sells for $207,500 with prices down 32% year-over-year. Ridley's flat fee saves you $2,726.

Parkwood Real Estate Market Conditions

53out of 100

Ridley Sell Score

How it's scored →

Moderate

53/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Parkwood market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Don't count on bidding wars — price to attract offers rather than leave room for negotiation. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Illinois average is 2.9.

Price MomentumFavors buyers

Prices down 32.18954248% year-over-year — vs. +8% statewide.

Seller LeverageFavors buyers

Homes selling at 96.32% of asking — buyers are negotiating 3.7% below list. Illinois average is 98.1%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Illinois average of 24.7%.

Sale SpeedFavors sellers

22.5 median days on market — 37 days faster than the Illinois average.

Market UrgencyFavors sellers

66.67% of listings go pending within 2 weeks — vs. 38.4% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Illinois average is 18.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$207,500

-32%

Days on Market

22.5

Price per Sq Ft

$190

Sale-to-List Ratio

96.32%

Homes Sold

Pending in 2 Weeks

66.67%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Elgin — delivered monthly.

Your savings

How much can you save selling in Parkwood?

$0Estimated savings

That could furnish your new living room — save 1.3% of your home value

Your Parkwood home value

$207,500

$50,000$10M

Traditional Agent (3%)

$6,225

Ridley Pro (flat fee)

$3,499

Ready to sell in Parkwood?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Parkwood

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$6,225	$3,499	$999
Buyer agent	$5,8102.8% avg	$4,150~2% avg	$4,150~2% avg
Closing costs (~1.5%)	$3,113	$3,113	$3,113
Total cost	$15,148	$10,762	$8,262
You save	—	$2,726	$5,226

Based on the Parkwood median home price of $207,500. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Parkwood

A flat fee of $3,499 instead of the typical $6,225 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Parkwood market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Parkwood buyers look — plus a custom Ridley listing page with AI chat.

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

Close and keep $2,726 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

Get Your Selling Strategy

FAQ

Common questions about selling in Parkwood

Ready to sell in Parkwood?

Save $2,726

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Explore nearby

More Elgin neighborhoods

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$350,00049d on market54 sold

Southeast Elgin

$270,00056d on market48 sold

Southwest Elgin

$284,00046.5d on market46 sold

Northeast Elgin

$295,00069d on market17 sold

Southwest Elgin

$280,00060d on market11 sold

Southeast Elgin

$270,00081d on market8 sold

View all Elgin market data →