Elgin Months of Inventory: Who Holds the Power?

Deal of the Week

Deal of the Week · 13317 PAINTED NIGHT RD, Elgin TX 78621 · MLS #4509276 · Listed by Keller Williams City-View. ALEX valuation $254,000 is an ALEX Intelligence estimate, not an appraisal.

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range. Lower quartile: under $250,000 13317 PAINTED NIGHT RD, Elgin TX 78621 · MLS #4509276 Listed at $214,999, 4 bed, 2 bath, 1,600 sq ft. Listed 15% below the ALEX valuation; 4% under the local price per sq ft; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1188534346/13317-PAINTED-NIGHT-RD-Elgin-TX Lower-middle quartile: $250,000 to $285,000 14513 Sage Bloom LN, Elgin TX 78621 · MLS #1375497 Listed at $251,201, 3 bed, 2.5 bath, 1,605 sq ft. Listed 13% below the ALEX valuation; 5% under the local price per sq ft; price reduced 13% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1186516388/14513-Sage-Bloom-LN-Elgin-TX Upper-middle quartile: $285,000 to $323,000 148 Hidalgo LN, Elgin TX 78621 · MLS #2238156 Listed at $299,000, 4 bed, 2.5 bath, 2,399 sq ft. Listed 4% below the ALEX valuation; 24% under the local price per sq ft; price reduced 8% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1183283220/148-Hidalgo-LN-Elgin-TX Upper quartile: $323,000 and up 146 Buena Fortuna RD, Elgin TX 78621 · MLS #7628121 Listed at $399,500, 3 bed, 2 bath, 1,750 sq ft. Listed 9% below the ALEX valuation; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1170144507/146-Buena-Fortuna-RD-Elgin-TX

Key figures · Elgin · September 2026

49 homes sold in Elgin in September 2026 (up 14.0% on a year earlier).

Median sale price: $281,999 (down 8.8% on a year earlier).

Median price per square foot: $152.

Median days on market: 61.

Median sale price as a share of the original list price: 95.4%.

295 homes for sale now, about 4.9 months of supply at the pace of the last six months.

Source: Unlock MLS, September 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.

Is the Elgin housing market leaning toward buyers or sellers? With 4.94 months of inventory available as of September 2026, the local market sits in a balanced state where neither side holds a distinct advantage. This figure is calculated by dividing the current active listings by the average monthly closings over the trailing six-month period. In a typical month, 49 homes closed at a median price of $281,999 across 49 sales. The supply level suggests that buyers have reasonable selection while sellers still see steady demand. This balance contrasts with previous months where inventory levels fluctuated more sharply. The market has stabilized compared to the prior period, where 53 homes sold and inventory dynamics were slightly different. Months of inventory is a key gauge for market conditions. A reading below four months usually favors sellers, while above six months typically favors buyers. At 4.94 months, Elgin remains in the middle ground. This equilibrium allows for negotiation without extreme pressure on either party. The data reflects a healthy turnover rate with 295 active listings currently on the market. ALEX Intelligence analyzed the inventory-to-sales ratio to determine this classification. The current standing suggests that both buyers and sellers should approach transactions with realistic expectations based on this balanced environment. Market conditions are neither highly competitive nor sluggish, providing a stable backdrop for real estate activity in Elgin. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Director, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951