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The club was founded in 1907 as FC Germania Elversberg. It was dissolved in 1914, but then re-constituted in 1918 as Sportvereinigung VfB Elversberg, spending a season in the tier-one Kreisliga Saar in 1921–22. After World War II a number of local associations came together to form Sportgemeinde Elversberg. The current club became independent of SG as SV Elversberg VfB 07 in 1952. From 1951 to 1960 SV played in the Amateurliga Saarland (III), but then disappeared into tier IV and V football until 1980 when they re-emerged in the Amateur Oberliga Südwest (III) for a span of seven seasons. After nearly another decade spent between the Verbandsliga Saarland (IV) and the Landesliga Saarland/Nordost (V) the club returned to tier III football in the Regionalliga West/Südwest.
Since 1998, SV Elversberg has played in the Regionalliga Süd (III) as a lower table side. For the 2008–09 season, the club belonged to the new Regionalliga West where it stayed until 2012 when it became part of the new Regionalliga Südwest. In 2012–13, the club finished runners-up in the new league and qualified for the promotion play-off to the 3. Liga where it overcame the reserve team of TSV 1860 München to earn promotion to this league.
SV Elversberg lasted for only one season in the 3. Liga, suffering relegation alongside fellow Saar side 1. FC Saarbrücken back to the Regionalliga. They finished runners-up in the Regionalliga Südwest in 2015–16 but lost to FSV Zwickau in the promotion play-off and had to remain in the league. The following season, they won the league but were denied promotion by SpVgg Unterhaching, who beat them 5–2 on aggregate in another promotion play-off.
Promotion Success
In the 2021–22 season, SV Elversberg finished first in the Regionalliga Südwest to promote to the 3. Liga.
In the 2022–23 season, SV Elversberg secured promotion to the 2023–24 2. Bundesliga for the first time ever in history on 21 May 2023, before they managed to win the league on the final matchday following a 2–1 victory over Ingolstadt.
At the end of the 23-24 season, Elversberg finished in 11th place.
With the introduction of the Regionalligas in 1994 and the 3. Liga in 2008 as the new third tier, below the 2. Bundesliga, all leagues below dropped one tier.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
"Kader - First Team". sv07elversberg.de (in German). Sportvereinigung 07 Elversberg. Archived from the original on 25 August 2023. Retrieved 4 September 2023.