Elgin New Listings vs. Closings: The Supply Gap in September

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.

Elgin saw 64 new listings enter the market in September while only 49 homes closed, creating a net increase in available inventory for the first time in months. This supply gap is measured by comparing the monthly count of new listings against the number of closed sales, revealing whether demand is outpacing fresh supply or if stock is accumulating. In September 2026, the market absorbed 49 closed sales with a median close price of $281,999. The 64 new listings added to the pool pushed the active inventory to 295 homes today. This represents a shift from the prior month where 48 new listings met 53 closings, indicating a tightening supply that has now loosened slightly as sellers list more aggressively than buyers close. ALEX Intelligence analyzed the dual-axis trend of new listings versus closings to determine market balance. When new listings exceed closings, months of inventory rise; when closings outpace new listings, inventory shrinks. With 64 new listings against 49 closings, Elgin is currently adding supply faster than it is being absorbed, suggesting a gradual move toward a more balanced or buyer-favorable environment compared to the tight conditions seen in previous months. The median days on market dropped 17.6% from the prior period to 61 days, even as new listings increased. This suggests that while more homes are hitting the market, those that do sell are moving faster than before, likely due to price adjustments or improved buyer readiness. The data reflects a dynamic where supply is growing, but demand remains active enough to keep turnover steady. Want to see this home? Call or text George at 713.918.9951 for a private 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