Elgin: Is This a Buyer's or Seller's Market?

Deal of the Week

Deal of the Week · 305 Maple LN, Elgin TX 78621 · MLS #4934210 · Listed by All City Real Estate Ltd. Co. ALEX valuation $279,000 is an ALEX Intelligence estimate, not an appraisal.

This week's 5 best values under $1,000,000, ranked by the ALEX deal score: 1. 305 Maple LN, Elgin TX 78621 · MLS #4934210 Listed at $210,000, 3 bed, 2 bath, 1,304 sq ft. Listed 25% below the ALEX valuation; price reduced 26% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1175179479/305-Maple-LN-Elgin-TX 2. 270 Bendecido LOOP, Elgin TX 78621 · MLS #5122602 Listed at $262,965, 3 bed, 2 bath, 1,482 sq ft. Listed 11% below the ALEX valuation; price reduced 13% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1167613866/270-Bendecido-LOOP-Elgin-TX 3. 171 N Pin Oak XING, Elgin TX 78621 · MLS #1780572 Listed at $499,000, 4 bed, 2.5 bath, 2,204 sq ft. Listed 12% below the ALEX valuation; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1172697352/171-N-Pin-Oak-XING-Elgin-TX 4. 1133 N Avenue C, Elgin TX 78621 · MLS #7657282 Listed at $276,500, 4 bed, 3 bath, 1,901 sq ft. Listed 19% below the ALEX valuation; 12% under the local price per sq ft; price reduced 24% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1185704036/1133-N-Avenue-C-Elgin-TX 5. 111 Burnet Forest CV, Elgin TX 78621 · MLS #7957543 Listed at $225,000, 3 bed, 2.5 bath, 2,416 sq ft. Listed 13% below the ALEX valuation; 43% under the local price per sq ft; price reduced 10% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1189844305/111-Burnet-Forest-CV-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%.

297 homes for sale now, about 5.0 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 market currently tipping toward buyers or sellers? The answer lies in the months of inventory metric, which calculates how long it would take to sell all current listings at the current sales pace. In September 2026, Elgin recorded 4.98 months of inventory based on 49 closed sales and 297 active listings. This figure places the market firmly in balanced territory, where neither side holds a distinct advantage over the other. A market is generally considered a buyer's market when inventory exceeds six months and a seller's market when it falls below four months. With nearly five months on hand, Elgin offers buyers enough choice without the extreme pressure of a bidding war, while sellers still face competition but retain reasonable pricing power. This balance follows a slight cooling in sales volume; closed homes dropped 7.5% from August to September, yet the number of active listings remains steady. The median sale price for these 49 transactions was $281,999, up 0.7% from the prior month but down 8.8% compared to September 2025. Homes sold faster than last year, with the median days on market falling to 61 days, a 17.6% improvement over August. While the market remains balanced, the shift in pricing and speed suggests a dynamic environment where well-priced homes move efficiently. ALEX Intelligence analyzed the ratio of active listings to monthly closings to determine this classification gauge. The data reflects a stable local ecosystem where supply and demand are currently aligned, offering a predictable landscape for both buyers and sellers entering the market. 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