Elgin: Mortgage Rates and Buying Power in November

Deal of the Week

Deal of the Week · 116 Blue Ridge TRL, Elgin TX 78621 · MLS #9459005 · Listed by eXp Realty, LLC. ALEX valuation $246,000 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 $250,000 116 Blue Ridge TRL, Elgin TX 78621 · MLS #9459005 Listed at $219,000, 3 bed, 2 bath, 1,296 sq ft. Listed 11% below the ALEX valuation; price reduced 11% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182519970/116-Blue-Ridge-TRL-Elgin-TX Lower-middle quartile: $250,000 to $283,000 205 Cavalry TRL, Elgin TX 78621 · MLS #8799613 Listed at $252,000, 3 bed, 2 bath, 1,663 sq ft. Listed 7% below the ALEX valuation; 7% under the local price per sq ft; price reduced 5% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182517539/205-Cavalry-TRL-Elgin-TX Upper-middle quartile: $283,000 to $321,000 111 Forego DR, Elgin TX 78621 · MLS #2010485 Listed at $289,900, 3 bed, 2.5 bath, 2,414 sq ft. Listed 13% below the ALEX valuation; 27% under the local price per sq ft; price reduced 11% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1189368137/111-Forego-DR-Elgin-TX Upper quartile: $321,000 and up 307 W 4th ST, Elgin TX 78621 · MLS #1648730 Listed at $409,000, 3 bed, 2 bath, 2,077 sq ft. Listed 8% below the ALEX valuation; price reduced 11% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182519247/307-W-4th-ST-Elgin-TX

Key figures · Elgin · October 2026

40 homes sold in Elgin in October 2026 (up 11.1% on a year earlier).

Median sale price: $263,000 (down 11.6% on a year earlier).

Median price per square foot: $155.

Median days on market: 66.

Median sale price as a share of the original list price: 96.3%.

283 homes for sale now, about 5.0 months of supply at the pace of the last six months.

Source: Unlock MLS, October 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.

How does a 7.18% mortgage rate affect buying power in Elgin? With the median home price at $263,000 across 40 closed sales in October, monthly principal and interest payments on a standard 20% down payment loan would be $1,425. ALEX Intelligence modeled two common buydown scenarios to show how buyers can reduce that initial burden. A 3-2-1 buydown costs $9,720 (3.7% of the price) and lowers the rate to 4.18% in year one, saving $399 per month compared to the standard rate. In year two, the rate rises to 5.18%, still saving $272 monthly, before settling at 6.18% in year three with a $139 monthly saving. For those seeking a shorter-term reduction, a 2-1 buydown costs $4,932 (1.88% of the price). This brings the rate to 5.18% in year one, saving $272 monthly, and to 6.18% in year two, saving $139 monthly. These estimates are based on a median sale price of $263,000 with 20% down and principal-and-interest payments only. While the median price dropped 9.3% from September and is 11.6% lower than last October, these buydown options can make monthly cash flow more manageable for buyers facing current rates. The data reflects market conditions as of October 2026 with a sample size of 40 closed sales. 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

George Arnold Alexander III, MPA

Partner, ALEX Companies

Associate Broker, Alexander Tiffany Southwest, LLC

Licensed Broker in TX, CO, NC, AL

[email protected] · +1 713.918.9951

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