Elgin Market Pulse: Prices Hold Steady 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's housing market showed resilience in September with median closed prices rising 0.7% to $281,999 across 49 transactions. This marks a slight increase from the prior month of $279,990, though prices remain 8.8% lower than the same period last year when the median was $309,341. The market continues to see homes selling for an average of 95.4% of their original list price, a figure that has improved slightly compared to both the previous month and the prior year. Inventory levels remain steady with 295 active listings currently on the market. This supply level translates to approximately 4.9 months of inventory, indicating a balanced environment where neither buyers nor sellers hold a distinct advantage. The pace of sales also accelerated, with the median days on market dropping to 61 days from 74 days in August, representing a 17.6% decrease month-over-month. New construction continues to play a significant role in Elgin, accounting for 33 of the 49 closed sales this month. The average home size sold also increased, with the median living area growing 6.4% to 1,924 square feet compared to the prior period. While affordability remains a factor given current mortgage rates near 7.32%, the stability in pricing and improved selling speed suggests consistent demand for well-priced properties in the city. 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 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