Elgin Market Recap: September 2026 Sales and Price Trends

Deal of the Week

Deal of the Week · 14408 E Gurneys Eagle DR, Elgin TX 78621 · MLS #6794767 · Listed by Keller Williams Realty. ALEX valuation $282,000 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. 14408 E Gurneys Eagle DR, Elgin TX 78621 · MLS #6794767 Listed at $265,000, 4 bed, 2.5 bath, 2,084 sq ft. Listed 6% below the ALEX valuation; 25% under the local price per sq ft; price reduced 11% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1167928871/14408-E-Gurneys-Eagle-DR-Elgin-TX 2. 12816 Wooly Bucket CV, Elgin TX 78621 · MLS #7318470 Listed at $240,000, 3 bed, 2 bath, 1,704 sq ft. Listed 10% below the ALEX valuation; 14% under the local price per sq ft; price reduced 11% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1184577073/12816-Wooly-Bucket-CV-Elgin-TX 3. 304 S Main ST, Elgin TX 78621 · MLS #5311698 Listed at $254,000, 3 bed, 2 bath, 1,510 sq ft. Listed 13% below the ALEX valuation; price reduced 18% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1174785955/304-S-Main-ST-Elgin-TX 4. 23721 Glowing Embers DR, Elgin TX 78621 · MLS #5179974 Listed at $258,999, 4 bed, 2 bath, 2,162 sq ft. Listed 9% below the ALEX valuation; 14% under the local price per sq ft; price reduced 13% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1185424538/23721-Glowing-Embers-DR-Elgin-TX 5. 408 Sullivan WAY, Elgin TX 78621 · MLS #3434700 Listed at $299,990, 4 bed, 2 bath, 1,924 sq ft. Listed 9% below the ALEX valuation; price reduced 12% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1170567817/408-Sullivan-WAY-Elgin-TX

Elgin's housing market showed resilience in September with median closing prices rising to $284,249 across 46 closed sales, a 1.5% increase from the prior month. However, year-over-year comparisons reveal a cooling trend, as prices fell 8.1% compared to September 2025 when the median was $309,341. The market also saw a shift in buyer behavior, with the median price per square foot dropping 17.4% from last year to $152, while homes spent an average of 60 days on market, down 20% from the same period last year. New construction activity remained robust, accounting for 31 of the 46 closed sales in September. This volume suggests continued demand for newer inventory despite broader price adjustments. The list-to-sale ratio improved to 95.9%, indicating that sellers are receiving closer to their original asking prices compared to the 92.4% recorded in August. Additionally, 78.3% of homes sold below their original list price, a slight increase from the prior month but lower than the 79.1% seen last year. Inventory levels remain elevated with 294 active listings, resulting in approximately 5 months of supply. This balance suggests a market that is neither strictly buyer nor seller favored, though the faster sales velocity (60 days on market) points to steady demand for well-priced properties. ALEX Intelligence estimates these trends based on the full dataset of 46 transactions, providing a clear view of current market dynamics without projecting future price movements. 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 Partner, 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