Elgin List-to-Sale Price Ratio Explained

In September, buyers in Elgin paid a median of $286,499 for homes that originally listed for more, resulting in a list-to-sale price ratio of 95.4%. This figure represents the final sale price divided by the original asking price across 51 closed sales. The ratio improved to 95.4% from 92.4% in August and is slightly higher than the 94.3% recorded in September 2025. ALEX Intelligence analyzed the pricing dynamics to show how negotiation outcomes have shifted. While 78.4% of homes sold below their original list price, the average gap between asking and selling prices narrowed compared to the prior month. The median price per square foot also adjusted, dropping 2.6% from August to $152, while the median living area grew by 6.4%. The data indicates a market where sellers are still accepting offers below their initial requests, but the discount required is shrinking. With 51 closed sales in the trailing month, this trend reflects current buyer and seller expectations in Elgin. The median days on market also decreased by 17.6% to 61 days, suggesting properties are moving faster even as price adjustments remain common. This analysis relies on actual transaction data rather than listing activity, providing a clear view of the final agreed-upon values for residential properties in the city during this period. 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